Objective Hydraredox Iberia S.L. is a Spanish SME formed as a joint venture between Hydraredox Europe Ltd and Kern Strategies & Developments, S.L. combining their skills and resources to develop and commercialize large-scale Electrochemical EnergyStorage Systems (EESS). Our EESS are based on our patented vanadium-redox battery technology, which is the result of extensive research performed in the field over many years. Hydraredox has developed the only system on the market which overcomes all the major problems currently affecting large-scale electrochemical energy storage. Hydraredox’s high efficiency, long-duration storage-, long life, high operational safety and environmental performance, and commercially viable costs make it optimal for the integration of renewable energy in the electric grid.Hydraredox has successfully performed all the basic research and has already brought the technology to a demonstration scale: a 5 kW demonstration plant is installed and operated at our facilities in northern Spain. At a TRL7, our system has proved 100% reliable, high global energy efficiency (>80%), total suitability for large scale energy storage for renewables and for the electricity grid, cost efficiency (price of <580€/kWh compared to other ES systems >1.000€/kWh), no safety/environmental issues, and very long life of 30 years, twice that of other systems currently on the market.In order to move forward with our roadmap towards the commercialization of our EESS for large scale energy storage, in the VR-Energy project, we aim to further scale up our vanadium-redox battery system to 500 kW power with an energy storage capacity of 4 MWh for its actual implementation in the renewable electricity grid. The ultimate goal of our participation in the project is to become a worldwide leader in the large scale energy storage market, which is predicted to grow from €675 million in 2014 to €15.6 billion in 2024, and represents a huge business opportunity. Fields of science engineering and technologyenvironmental engineeringwaste managementwaste treatment processesrecyclingnatural scienceschemical sciencesinorganic chemistryalkali metalsnatural scienceschemical sciencesinorganic chemistrytransition metalsengineering and technologyenvironmental engineeringenergy and fuelsrenewable energywind powerengineering and technologyenvironmental engineeringenergy and fuelsenergy conversion 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-2-2016-2017 Funding Scheme SME-2 - SME instrument phase 2 Coordinator HYDRAREDOX IBERIA, S.L. Net EU contribution € 1 673 000,00 Address Calle gran via num 36 planta 1 puerta iz 50005 Zaragoza Spain See on map Region Noreste Aragón Zaragoza Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 717 000,00
