THE NEW ENVIRONMENTAL ENERGY STORAGE

Project Information

ECO STOCK

Grant agreement ID: 718316

DOI

10.3030/718316

Project closed

EC signature date 26 February 2016

Start date 1 February 2016

End date 31 July 2016

Funded under

• SOCIETAL CHALLENGES - Climate action, Environment, Resource Efficiency and Raw Materials

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

ECO-TECH CERAM
France

Periodic Reporting for period 1 - ECO STOCK (THE NEW ENVIRONMENTAL ENERGY STORAGE)

Reporting period: 2016-02-01 to 2016-07-31

Summary of the context and overall objectives of the project

The work leaded in order to develop EcoStock, a product that store thermal waste energy.
All the work package have been completed (partner search, commercial strategy, Value stream analysis, industrial and services strategy, and IPR strategy)
Eco-Tech Ceram (ETC) is a French start-up, created in 2014, aims at developing new modular heat storage solutions using ecoefficient materials.
In 03/2016, the innovative company won a SME Instrument Phase I with the project ECO STOCK (EcoStock - The new environmental energy storage - 718316).
The objective of the feasibility study for Eco-Tech Ceram was to measure the potential of the EcoStock’s technology in terms of technology, business opportunities and commercialisation. The subsidy awarded by the European commission has given us the possibility to:
• Define the industrialisation strategy;
• Develop our expert network;
• Perform a complete market study;
• Identify new business opportunities…

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

During our 6 months project we developed a strategic plan in order to launch EcoStock’s solution and reach new business opportunities.
Considering that there is a significant market interest in EcoStock’s solution, defining a strategic plan is a key point for the development of the company and extremely important to reach the market and start selling the new solution.
However, the novelty of our technology forces us to gain trust from our potential customers and end-users by proving them its efficiency.
After defining those points, we have elaborated a strategic plan by:
1) Positioning the solutions within business opportunities identified;
2) Identifying goals and objectives to reach industrialisation steps;
3) Setting-up the actions to implement our strategic plan.
The achievement of SME Instrument phase I gave us the possibility of establishing a proof of concept according market’s needs for industrialisation and a market validation to better analyse the impact of its devices on its customers and on its commercial development.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

The work has been leaded in order to establish the business development of EcoStock which represents:
• Turnover in 2019: 6 213 458 €
• Gross margins total in 2019: 1 743 859 €
• Recruitment in 2019: 25 pers. in total
After the SME1 program, the EcoStock developments reach a higher level of TRL 7 because its demonstration in a particular market segment. EcoStock is expected to reach of level of TRL 9 with a product adapted to the business opportunities identified, at the end of the industrialisation plan for the next 3 years.

EcoStock

EcoStock in the industrial site