Objective
The longer offshore distances of subsea facilities of Oil&Gas rigs are now placed further than decades ago, and inability to power the instrumentations that they require may lead to an economic loss of billions of euros. The power can be supplied through a subsea power and umbilical communication or turbo generators connected to a battery. Yet, these alternatives are very expensive and can be low efficient. The use of renewable energies set near the consumer (off-shore wind, solar or wave energy) seem to be a feasible alternative, but their availability is intermittent and present high capital and operational Costs. To solve these issues, born from the idea of Current2Current founders –experienced project managers in subsea oilfield for BP Ltd. projects, we have been working on SUBPORT project since 2007. We have developed a compact and simple tidal turbine that can work with flow from any direction, with current speeds < 0.5 m/s, and stable under any water depth and current speed. It can provide up to 20 kWh /day for up to 25 years without the need to change a battery.
With SUBPORT project we aim to disrupt into the offshore Oil&Gas market by providing a standalone supply power tidal turbine that will enable our customers to save up to € 15 Mill. We expect that our technology will allow us to reach a turnover of € 22.8 Mill by selling 45 units and increase our staff 5 times by 2024. Yet, to achieve the commercialisation stage we still need to validate our turbine with potential customers` equipment and get the necessary certifications, and we must plan the dissemination and exploitation activities.
Thus, we have decided to continue with SUBPORT for what we need an additional investment of € 3 Mill, that will give us a ROI of 6.8 by 2024. Therefore, we consider essential to perform a detailed feasibility study to continue with our project and decided to ask for funding through this SME instrument.
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 environmental engineering energy and fuels renewable energy hydroelectricity marine energy wave power
- engineering and technology environmental engineering energy and fuels renewable energy wind energy
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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.
EH24JN EDINBURGH
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.