Objective
Equipmake Ltd have a deep history of developing innovative technologies for niche and specialist markets such as Formula 1. Increasing demand for electrification in the commercial vehicles (CV) sector has created a new market for our electric traction motor and ultra high speed motor to create a highly efficient electric compressor for the CV sector. New legislations are creating an acute need and market pull amongst CV manufacturers for innovative solutions to meet new emission targets. The need is most acute amongst Heavy Goods/Commercial Vehicle (HGV/HCV) manufacturers.
From this September, all new cars and light vans must abide by the new Euro6 regulations, and will be enforced for all HGVs by 2018. Over the past 23 years, the Nitrous Oxide (NOx) and Particulate Matter (PM) levels have been targeted with an overall 99% reduction. NOx is highly dangerous and linked to premature deaths and other health complications. The new standard requires a 55% drop in NOx from Euro5 of 180mg/km. This is bringing an increased need for electrification in the transport sector , creating a need for cost effective electric and hybrid technology for vehicles.
HiPower will address this market opportunity with tests showing that we have a 66% smaller, 66% lighter compressor which is 50% cheaper, bringing both weight and cost savings to end users with a 22% increase in efficiency compared to nearest competing solutions. Calculations show that HiPower will create savings of 9,413 kg CO2 HGV/annum in conventional diesel engines and 1,552 kG CO2/bus/annum on electric buses in addition to the €5.9k saving on battery cost over normal compressors.
We will create market entry using low hanging fruit of the electric bus market to then penetrate the high volume HGV market. 5-year gross profits of €101m from €103m revenues will include royalty fees on high volume manufacture, generating a 5-year ROI of 30:1.
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 mechanical engineering manufacturing engineering
- medical and health sciences health sciences public health
- engineering and technology mechanical engineering vehicle engineering
- medical and health sciences health sciences infectious diseases RNA viruses hepatitis C
- engineering and technology environmental engineering air pollution engineering
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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-1 - SME instrument phase 1
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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
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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.
NR14 8FB NORWICH
United Kingdom
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.