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: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- engineering and technologymechanical engineeringmanufacturing engineering
- medical and health scienceshealth sciencespublic health
- engineering and technologymechanical engineeringvehicle engineering
- medical and health scienceshealth sciencesinfectious diseasesRNA viruseshepatitis C
- engineering and technologyenvironmental engineeringair pollution engineering
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Programme(s)
Call for proposal
(opens in new window) H2020-SMEInst-2014-2015
See other projects for this callSub call
H2020-SMEINST-1-2015
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
NR14 8FB NORWICH
United Kingdom
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.