AN EFFICIENT RENEWABLE ENERGY STORAGE SYSTEM FOR A SUSTAINABLE RESIDENTIAL USE

Project Information

STORELIO

Grant agreement ID: 729717

DOI 10.3030/729717

Closed project

EC signature date 20 June 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

EASYLI
France

Objective

Currently, worldwide societies demand more efficient, green and cost effective energy systems, as well as other countries demand off-grid electricity supply (Africa, South-America & some Asian countries). Besides, the EU has imposed strict goals on emissions and energy consumption until 2020, and prices of electricity are always increasing prejudicing European families.
The forecast for the energy storage market is $ 8 billion globally by 2026 presenting a very attractive forecast for the commercialization of STORELIO. STORELIO is an innovative system based on the electronic integration of various functions, presenting these main advantages: 1) Supply 100% energy from the sun. 2) The user will recover the investment in 4 years. Also Energy storage as a Service (ESaaS) is offered. 3) STORELIO can work off-grid. 4) Has a lifecycle of 20 years and does not require O&M expenditures. 5) Can be managed remotely. 6) European families can save a 95% compared to the current electric system bills. 7) Bidirectional communication with Smart home and Smart grid environments to optimize the energy consumption. The target market is the residential sector of European countries, where solar energy is already well developed or where regulations will favor domestic energy storage. Another target countries are the African ones with an especial goal placed on the off-grid possibility.
STORELIO creator is EasyLi, a French company expert in battery systems. The objectives to guarantee the technical and commercial viability of STORELIO are: develop a technical viability plan, a commercialization plan and freedom to operate analysis and a financial feasibility study.The Return of Investment is 2.2 by 2022 and the payback will be produced in 2021.

Fields of science

• engineering and technology › environmental engineering › energy and fuels › renewable energy › solar energy
• natural sciences › chemical sciences › electrochemistry › electric batteries
• social sciences › economics and business › business and management › business models
• engineering and technology › electrical engineering, electronic engineering, information engineering › electronic engineering › control systems › home automation

Programme(s)

• H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy Main Programme
• H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
• H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument

Topic(s)

• SMEInst-09-2016-2017 - Stimulating the innovation potential of SMEs for a low carbon and efficient energy system

Call for proposal

H2020-SMEInst-2016-2017

See other projects for this call

Sub call

H2020-SMEINST-1-2016-2017

Funding Scheme

SME-1 - SME instrument phase 1

Coordinator

EASYLI

• Net EU contribution: € 50 000,00
• Address: 8 RUE DES FRERES MONTGOLFIER ; 86100 CHATELLERAULT ; France
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Nouvelle-Aquitaine › Poitou-Charentes › Vienne
• Region: Nouvelle-Aquitaine › Poitou-Charentes › Vienne
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Total cost: € 71 429,00