Objective
Powervault aims to be the EU’s specialist provider of cost-effective distributed electricity storage for domestic homes, lowering electricity bills and allowing residents to seize the opportunities of the smart power revolution.
The EU's electricity networks face considerable challenges from decarbonisation - with microgeneration, electric vehicle penetration and renewable heat stressing local distribution networks which were not designed to take this load. New technologies offering flexibility,such as energy storage, offer a potential solution. However, despite benefits for consumers, electricity network operators and wider society, small scale electricity storage remains prohibitively expensive with high upfront unit costs inhibiting mass market uptake.
With SLB-DES Powervault has devised a multi-faceted solution that explicitly tackles the high upfront cost of domestic electricity storage. Here Powervault has instigated technical innovation and commercial sophistication, recycling second life electric vehicle batteries on a storage as a service basis. SLB-DES is explicitly designed to be the most affordable and resource efficient electricity storage solution globally.
Powervault believes the cost-effective SLB-DES proposition can radically accelerate domestic electricity storage uptake, allowing more customers to benefit from increased usage of renewables and seize the opportunities of the smart power revolution, thereby supporting EU ambitions of an efficient and clean energy system.
Powervault will use this feasibility study to evaluate the European market opportunity for SLB-DES, identify the steps necessary for mass market commercialisation and prepare for a Phase 2 pilot trial.
Fields of science
- engineering and technologyenvironmental engineeringenergy and fuelsrenewable energy
- engineering and technologyelectrical engineering, electronic engineering, information engineeringelectrical engineeringpower engineeringelectric power distribution
- social sciencessocial geographytransportelectric vehicles
- social sciencespolitical sciencespolitical transitionsrevolutions
- engineering and technologyenvironmental engineeringwaste managementwaste treatment processesremanufacturing
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
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
SE1 2ES LONDON
United Kingdom
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.