Work executed during the reporting period, from November 2016 to February 2017, has been completed to cover the tasks below and assess the technical, commercial, and financial viability of APACHE:
- Task 1: Preparation of the technical viability plan for the APACHE project to set the activities to be done during Phase II and the resources required to bring to TRL9 and commercialize the heat pump boiler APACHE-C (line for commercial buildings). This includes the optimization of the design of the thermal compressor, fabricate and test a new prototype to validate design and demonstrate end customers (through pilot demos) APACHE performance and competitive advantages. We have defined a test plan and established initial contact with certification bodies for the certification of APACHE with EU Directives as well as performed a component cost review to estimate the manufacturing cost at industrial scale. We have also carried out an in depth evaluation of the technical project risks and formulated mitigation and contingency plans.
- Task 2: A complete commercialization plan that comprises a thorough research of APACHE target market analysing the EU building market and energy efficient building industry, in particular the HVAC products, and the gas boiler scene in France, Germany, Belgium, Austria, and Switzerland including renovation, policies, supporting measures, and legislation. We have carried out an in depth evaluation of the commercial project risks and formulated mitigation and contingency plans. This market study also includes an analysis of competing solutions, showing evidences of APACHE uniqueness and affordability in the target markets while emphasizing its competitive advantages. We have identified potential partners (suppliers of components, notified bodies, energy service companies (ESCOs), and distributors) across the supply chain to produce and distribute our turbines to the end customer. Finally, a deep intellectual property and regulations analysis have been performed to assess APACHE freedom-to-operate status and the need to comply with regulations of the sector.
- Task 3: The financial plan of the APACHE project set the business margins for entering the energy efficient market for heating & cooling focused on the building sector and a forecast of sales and benefits until 2023. And finally, we have carried out an in-depth evaluation of the financial project risks and formulated mitigation and contingency plans.