Objective
One of the main European challenges included in the 2020, 2030 and 2050 objectives and frameworks is the increase of energy efficiency, and the integration of Renewable Energy Sources plays a fundamental role in the development of Smart Grids in order to achieve the targets. However, with renewable energy it is difficult to generate the same quantities of electricity that those produced by traditional fossil fuel generators and it is difficult to guarantee the reliability of supply because of the fact that the production relies on the weather for its source of power, solar collectors need clear skies and sunshine to receive photons and produce electricity, and wind turbines need wind to turn the blades. That is why energy storage is considered to be one of the primary means by which renewable energies can entirely replace fossil fuels. Traditionally, the energy is stored in an electrochemical way but batteries have some associated disadvantages. SONOLIS, an enterprise founded in late 2009 by a group of engineers and entrepreneurs, has developed an innovative Energy Storage System that combines, optimizes and improves the characteristics and performance of two basic technologies available on the market today, super capacitors and the last generation of lithium batteries, which is useful for several applications. The global total storage capacity is expected to achieve 12,000 MWh in 2024, and worldwide revenue from distributed energy storage system is expected to grow from 452 million$ in 2014 to more than 16.5 billion$ in 2024. With this project, SONOLIS will finalize the upgrade and validate its innovative technology, and will commercialize it in the international markets, pursuing a business opportunity that will provide an accumulated turnover of more than 12M€ after five years of commercialization. The payback of the expected investment of this project (roughly 2M€) will be reached in the second year in the market.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences chemical sciences electrochemistry electric batteries
- social sciences economics and business business and management entrepreneurship
- natural sciences chemical sciences inorganic chemistry alkali metals
- engineering and technology environmental engineering energy and fuels renewable energy wind energy
- natural sciences physical sciences theoretical physics particle physics photons
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2016-2017
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
20871 VIMERCATE MB
Italy
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.