Periodic Reporting for period 1 - IE-E (Innovative heat-to-power engine for very low temperature heat recovery applications)
Période du rapport: 2016-07-01 au 2016-12-31
The IE-E product is based on ORC technology. However, it is equipped with a beyond the state of the art expander experiencing higher efficiency compared to ORC market available products. A first prototype has been designed, manufactured and tested, revealing the potential of this technology. Further work is required to validate and improve this concept and up-scale the expander to the commercial size of 20 kW rated power, so that to meet the decentralized biogas ICE market. The identified markets for initial uptake of the new product are Greece, Italy and Germany due to favourable biogas electricity prices.
The new product will increase energy efficiency of biogas process. As that it directly contributes to the reduction of greenhouse gas emissions and efficient exploitation of a low grade heat source. However, the IE-E product establishes a new expander design, and by developing different models a wide range of industrial waste heat recovery activities can be covered. Apart from that, the development and commercialization of this product contributes to the creation of new jobs (mostly technicians, engineers, and supportive staff for sales and promotion).
The overall objective is to develop a high-performing heat-to-power engine with a superior performance and affordable cost, bringing a short payback period (even 3 years depending on incentives) that can bring multiple benefits to society, the environment, and can ensure a high growth and profits to PSYCTO.
Moreover, a detailed feasibility study has been conducted, including a business plan. The market study showed the number of potential installations in the target markets, the commercialization plan revealed the possible sales channels and the expected growth of PSYCTO after market introduction.
Other tasks have been also finalized, such as resolving any IP issues, the plan for mass production and the necessary upgrade of production facilities, and the stakeholders required to develop the final product (partners and subcontractors).
The feasibility study revealed that the potential market is high enough for this type of product, with the targeted market segment of decentralized power production of biogas engines below 500 kWe. The number of these plants has been identified in the target markets, with an increasing trend in the next years. This growth is supported with moderate/high incentives for the electricity production, making it possible to reduce the payback period to even 3 years.
Overall, the project aims at a higher utilization of the available thermal resources with important environmental benefits, increasing the energy efficiency, according to EU Directive 2012/27/EU.