Periodic Reporting for period 1 - FLORIAN (AUTOMATIC REGULATION OF COMBUSTION PROCESS FOR WOOD STOVES AND FIREPLACES)
Reporting period: 2017-02-01 to 2017-05-31
FLORIAN, an intelligent device installed on the flue gas pipe used in wood log stoves which automatically regulates the draft inside it, optimizes the combustion process -21% increased energy efficiency and analogue gas and particle emission reduction-.
The overall objective of FLORIAN project is to speed up the commercialization of the solution at highly competitive price, thus, disrupting the Solid Combustion Installations (SCI) segment.
Meanwhile, the commercial assessment shows that FLORIAN will likely achieve the sales target. And this is not only based on its optimal performance, but because its competitive price (4 to 6 times cheaper than comparable solutions).
In addition, the project is highly profitable, (IRR=21%) as shown by the main indicators calculated and ATECH healthy financial structure. Therefore, the conclusion is that ATECH must go ahead with FLORIAN project.
Thus, our project will contribute to reduce emissions while improving the energy efficiency across the European Union.