Objective
Currently, microgeneration is not an economical choice for most home- and business owners. Why? Because although the equipment costs are falling, the battery systems that are needed for using microgenerated power as the primary energy source offer only meager storage capacity at very high prices, leaving end consumers with 10+ years before their small scale wind stations or solar panels start to pay off.
Energy storage systems (ESS) are the key enablers for adopting more renewables and demand-response grid solutions in the overall electricity supply mix. We are introducing the first ESS able to store enough energy to justify the investment in these solutions for home- and business owners.
With our exceptional 50 kWh energy storage capacity per single system at very low charging cycle cost, we are the clear industry leader in the up and coming ESS market – our next generation POWERSTORE stores 7 times more energy at 8 times lower lifetime cost compared to state of the art technologies.
ESS market is very attractive for investors and large Li-ion vendors alike, and is estimated to reach €14,6 billion by 2024. As our core innovation lies in the battery component level, the proposed technology is highly scalable and will potentially take the entire Li-ion industry to the next level of battery performance.
Our concept is based on synthesizing unique composite nanomaterials that we use for coating Li-ion battery electrodes. The coating enhances battery specific parameters and prevents capacity degradation. Building upon our successful Phase 1 project, within the Phase 2 we will focus on the final technical optimisation of our electrode coating technology, ramp up our operations to a pilot scale, and prepare for market entry by piloting our technology in commercial ESS prototypes in collaboration with a large Li-ion manufacturer. Based on conservative estimates, we foresee realizing €46,8 million in estimated revenues by 2024.
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
- engineering and technology environmental engineering energy and fuels renewable energy
- engineering and technology environmental engineering energy and fuels fossil energy natural gas
- engineering and technology materials engineering coating and films
- engineering and technology nanotechnology nano-materials
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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-2 - SME instrument phase 2
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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.
11313 TALLINN
Estonia
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.