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Innovative water current picoturbines for the economic and sustainable exploitation of the renewable energy from rivers and estuaries

Objective

In 2016, over 1.2 billion people in the world (16% of the global population) still did not have access to electricity. As the majority of these people are located in remote and rural areas of the world, where conventional power grid extensions are not possible, off-grid energy solutions are required for providing electricity to these areas. Even though such solutions exist today, the options available are painfully limited and costly, whether it be the polluting diesel generators or the solar panels, intermittent energy source requiring complex parks of batteries for energy storage.
Tackling this issue, our company, EDIE EcoCinetic, a technology-driven micro-enterprise, has invented EcoCurrent, a water current picoturbine which harnesses the energy from the available flow of canals, rivers and tidal currents to generate electricity. Specifically design for water, our technology is compact, robust, efficient, easy to install and operate; and will provide to rural and remote population a solution adapted to their hydrokinetic resources to address their needs for a continuous, reliable and affordable electricity.
With EcoCurrent, our universal and affordable technology which will improve living conditions of millions of people in Europe and abroad, we aim to become one of the international leaders in the emerging market of hydrokinetic picoturbines. The strong penetration, supported by EcoCurrent competitive price for unrivalled features, will lead to +€20.15 million of accumulated revenue within the 2020-2024 period, and will generate 28-30 internal job opportunities with the first 5 years of exploitation.

Fields of science (EuroSciVoc)

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

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.

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.

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.

(opens in new window) H2020-SMEInst-2016-2017

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Coordinator

EDIE
Net EU contribution

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.

€ 50 000,00
Address
1 RUE JEAN TORLAIS
17000 LA ROCHELLE
France

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Nouvelle-Aquitaine Poitou-Charentes Charente-Maritime
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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Total cost

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.

€ 71 429,00
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