Fusion-to-Fossil Heat Exchanger for Supercritical Power Plants

Project Information

F2F

Grant agreement ID: 728096

DOI

10.3030/728096

Project closed

EC signature date 13 May 2016

Start date 1 May 2016

End date 31 August 2016

Funded under

• SOCIETAL CHALLENGES - Secure, clean and efficient energy

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

LEADING METAL MECHANIC SOLUTIONS SL
Spain

Periodic Reporting for period 1 - F2F (Fusion-to-Fossil Heat Exchanger for Supercritical Power Plants)

Reporting period: 2016-05-01 to 2016-08-31

Summary of the context and overall objectives of the project

“FUSION-TO-FOSSIL HEAT EXCHANGER” (F2F) is intended to deliver a high-efficiency, cost-effective heat exchanger for specific boiler circulation pump (BCP) applications of our existing customers, as well as other potential customers and applications in other sectors, such as HVAC and petrochemical processing. The innovation of our technology will achieve an increase in system efficiency of 10-15% and a cost savings of up to 30%, achieved through a 35% reduction in production processes and 30% reduction in parts count and weight. Not only will F2F enable us to consolidate our market share in the energy sector, it will also be an important development in increasing the competitiveness of our European customers and help them regain market position that has been lost to the dominant Japanese competitor.

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

We have confirmed our TRL of 6 and detailed the work that is required to achieve a TRL of 8. The details of this are included in the Conclusions as Future Activities. A risk assessment was also completed and mitigation and contingency plans defined for the major risks.
We have studied in details the market environment for F2F as a new entrant product in the power plant sector with respect to the major stakeholders. We have also analysed the main competitors in the market and their product offerings. We have completed a detailed Freedom-to-Operate analysis, in which no IPR barriers or restrictions were discovered, and we have identified the main regulations and standards we must respect in the development. The market potential that we intend to address primarily has been evaluated.
On the basis of the defined market, we have made financial projections based on 3 different scenarios, factoring in expected sales, our anticipated selling price and costs. This shows that under normal conditions F2F is a strong business opportunity, and even under the worst conditions has benefits for us and our customers although it is financially neutral.

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)

F2F represents a good business opportunity for Leading, which will allow us to grow in terms of technical expertise, turnover and head-count, as well as delivering positive results for our European customers and the energy generation market as a whole.

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