Objective
Solar energy is a sustainable and cost-effective electricity source which nowadays significantly contributes to the electricity needs worldwide (1% of the world electricity demand) with a strong growing tendency through the increasing number of photovoltaic (PV) systems (a growth of 80% can be expected in Europe by 2019).However, PV systems present unique electric hazards during (de)installation, maintenance works or in case of fire as it is not possible to immediately cut the power because of DC residual voltages (up to 1.000-1.500 V) present even after switching off. To overcome these problems, the so-called fireman´s switches are installed in order to de-energize the DC conduit. However, existing fireman´s switches in the market have a clear lack of technological appropriateness in order to assure minimum electrical hazards.BENEDICT GmbH, an Austrian SME with large experience in the development of electro-mechanic switches, has developed INNO PV-SWITCH, an innovative fireman´s switch with cutting-edge technical features that minimizes electric hazards in PV systems due to the remote switching on/off and the simultaneous disconnection and short-circuit of the PV panels among other crucial disruptive advantages. INNO PV-SWITCH has a potential market of 9,4 million PV systems in key target countries, accounting for more than 500 million EurosThe minimization of risks associated to photovoltaic systems is a key issue for the European Union in order to propel this Renewable Energy. Moreover, the growing number of PV systems worldwide, together with each time stricter regulations and an increased awareness about security, makes this project a unique, exciting and profitable business opportunity for BENEDICT. Our company expects total revenues of €12,4 million in the first 3 years of commercialization of INNO PV-SWITCH and an associated ROI of 6.
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.
- social sciences economics and business business and management business models
- social sciences economics and business business and management employment
- engineering and technology environmental engineering energy and fuels renewable energy solar energy photovoltaic
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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.2.1.2. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies – Nanotechnologies
MAIN PROGRAMME
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H2020-EU.2.1.5. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Advanced manufacturing and processing
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H2020-EU.2.1.3. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Advanced materials
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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.
1220 WIEN
Austria
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.