Objective
The aim of the feasibility study is for Flybrid Automotive Ltd, a world leader in high-speed flywheel energy storage, to evaluate the technical, market and commercial opportunities of developing an innovative kinetic energy recovery system (KERS) for On-highway commercial vehicles, based on an existing, low-cost Off-highway product.
Commercial vehicle operators are under continuous pressure to reduce operating costs of which fuel is a significant part. Flybrid's KERS product will provide a low-cost, short-payback fuel saving product for which there is significant market appetite. Fuel savings also equate to the global issue of CO2 and emissions reduction. The product will be primarily developed by Flybrid, supported by European tier 1s and OEMs in the commercial vehicle industry.
The study will look at a number of key areas across a range of trucks/buses models and OEMs:
- fuel and CO2 savings
- KERS product cost
- commercial attractiveness to both the vehicle purchaser and across the full supply chain
- market size and growth opportunities
The study is expected to show that a simple, low-cost product can be developed that will:
- offer 20% fuel and CO2 savings
- deliver a <3 year payback on the KERS system cost to truck / bus operators
- generate significant market pull and volume growth (10k units rising to 50k units at maturity)
- create substantial incremental revenue and profit generation within the full value chain (almost entirely based within the EU).
- achieve €38mil profit across the supply full chain at 10k units/annum with the mature potential for €180mil at 50k units/annum
It is likely that phase II funding would be sought to support the progression of the opportunity.
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.
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering control systems
- social sciences economics and business economics production economics productivity
- engineering and technology environmental engineering energy and fuels
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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.3.4. - SOCIETAL CHALLENGES - Smart, Green And Integrated Transport
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.
PR26 7UX LEYLAND
United Kingdom
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.