Objective Low-grade waste heat (“LGWH”) is defined herein as being water of <120ºC, usually 80º-95ºC. Most power producers are making no use of their LGWH. The amount of waste heat produced worldwide every year is equivalent to 12 years of electricity consumption in the EU. There is currently no commercial solution to the LGWH problem. A commercial solution could have a global market of €440+ billion & reduce CO2 emissions by 700 million tonnes p.a. (c.2% decrease on 2014 levels). Up to 5,400 direct & indirect jobs could be created across Europe, and Europe’s energy security could be improved, as a result. Exergyn, has developed a patented engine that runs on hot water (the “Exergyn Drive™”). It converts LGWH to mechanical or electrical power using nitinol. Exergyn is at TRL 6, having spent 3+ years and €1.4m+ in cash to reach this point. This project will allow Exergyn to reach TRL9 and to be :1. Ready to sell up to 35 x 10kW Exergyn Drives™ per month2. Ready to produce 35 x 10kW Exergyn Drives™ per month 3. Internationally protected against competitors (via its IP portfolio)Exergyn’s vision is to meaningfully reduce global carbon emissions via the profitable mass-deployment of its innovations. This project is thus perfectly aligned with the company’s strategy. The Exergyn Drive™ converts the radiator heat from power plants into power. It is a highly disruptive technology. It can be produced at low-cost and can be sold profitably to a mass-market on a compelling commercial basis (3-year payback). Exergyn has spent 2+-man years researching its initial market – with 7,000+ biogas sites mapped across Europe. UK biogas is the initial target market because their plant runs 24/7, makes no use of its LGWH, and receives high feed-in tariffs for its electricity.The closest competitor-technology (ORC) is mature technology and is not considered to be a commercial solution by players in the marketExergyn has a very strong commercial, technical and financial team. Fields of science engineering and technologyenvironmental engineeringenergy and fuelsrenewable energysocial scienceseconomics and businessbusiness and managementemploymentnatural sciencesearth and related environmental sciencesatmospheric sciencesclimatologyclimatic changes Programme(s) H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SIE-01-2014 - Stimulating the innovation potential of SMEs for a low carbon energy system Call for proposal H2020-SMEInst-2014-2015 See other projects for this call Sub call H2020-SMEINST-2-2014 Funding Scheme SME-2 - SME instrument phase 2 Coordinator EXERGYN LIMITED Net EU contribution € 2 483 053,00 Address Dcu cleantech innovation campus old finglass road glasnevin 11 Dublin Ireland See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Ireland Eastern and Midland Dublin Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 1 064 166,00
