Objective
Cryoshelter has developed an innovative liquefied natural gas (LNG) tank for heavy duty trucks that provides the first serious European technology to compete with the world’s dominant (U.S.) LNG tank maker that has 98% of the European market.
Available in over 1000 sizes due to its modular design, competitively priced Cryoshelter LNG tanks lower the total cost of ownership for truck operators by providing 30% more fuel capacity (adding 30% vehicle range), lower weight, increased hold time, and reduced maintenance due to greatly improved, long term stability of the insulation vacuum. These features address the most critical technical and economic concerns of the heavy duty truck sector and will revolutionize the commercial prospects for LNG as a fuel alternative to diesel in Europe, North America and elsewhere. The Cryoshelter program fulfils current EU policy objectives to reduce CO2 and diesel particulates as well as expand the market and infrastructure for fuel alternatives to petroleum.
Cryoshelter is at the final stage of research, development, and demonstration (Technology Readiness Level 6), now ready for the last destructive testing and field-testing, the precursor to full certification and market entry. We have pre-market relationships with three types of target customers who have expressed strong interest in the Cryoshelter LNG tank: European truck manufacturers, natural gas vehicle (NGV) system suppliers, and LNG truck operators, all of whom are an integral part of the final testing and commercialization plan.
The proposed program is targeted for the H2020 IT.1-2014-2015 Small Business Innovation for Transport (Phase II) area. The EU funding will enable testing, certification and scaling up for competitively priced production volumes as well as increase production and sales staff to 15 highly qualified engineers in 2017. Cryoshelter will achieve ROI rates of >60% and an EBIT margin of >17% after completing the Horizon2020 project.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology environmental engineering energy and fuels fossil energy petroleum
- engineering and technology environmental engineering energy and fuels fossil energy natural gas
- natural sciences chemical sciences organic chemistry aliphatic compounds
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.4. - SOCIETAL CHALLENGES - Smart, Green And Integrated Transport
MAIN PROGRAMME
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2 - SME instrument phase 2
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2014-2015
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
8143 DOBL-ZWARING
Austria
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.