Project description
A solution to address offshore energy challenges
To harness wind power for the offshore e-power industry it’s necessary to balance supply and demand amid unpredictable weather conditions. However, the intermittent nature of wind production leads to market oversupply, negative energy prices and the looming threat of blackouts. This creates a EUR 200 billion energy storage demand. The EIC-funded OCEANBATTERY project will use proprietary technology to combat the intermittent production of wind power. By reducing the capital expenditure for offshore power grids, the patented and sustainably produced Ocean Battery system ensures a return on investment. The project showcases the Ocean Battery in a lake, offering a full-scale operational system that paves the way for offshore scaling, supporting the global energy transition.
Objective
The Ocean Battery is a CES Best-of-Innovation Award winning breakthrough solution based on proprietary Key Enabling Technology to solve the huge challenge of balancing supply & demand for the global offshore e-Power
industry due to intermittent production of wind power. Our patented and sustainably produced Ocean Battery system substantially lowers the CAPEX for the massively expensive offshore power grid, generating a very high ROI for the unique Ocean Battery. Soon, weather conditions dictate the timing
of renewable energy production, causing large fluctuations. Oversupply, resulting in negative energy prices and even blackouts create a market in excess of € 200 bn for energy storage. This project demonstrates the Ocean Battery in a lake: a full-scale operational system to show and validate the
operation, installation, and maintenance processes. After that, the solution is ready to scale offshore and support the energy transition by providing GWh-scale ecofriendly energy storage.
Fields of science
Keywords
Programme(s)
- HORIZON.3.1 - The European Innovation Council (EIC) Main Programme
Funding Scheme
HORIZON-EIC-ACC-BF - HORIZON EIC Accelerator Blended FinanceCoordinator
9726 AC Groningen
Netherlands
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.