Project description
Innovative micro hydropower solution for remote areas
Smart Hydro Power developed and patented a 100 % renewable energy-based, reliable and easy to be-installed hydro-kinetics micro hydropower solution that reaches unparalleled levelised cost of electricity (EUR 20 per kWh) and maintenance cost (less than EUR 0.25 per kWh). The solution consists of a hydro-turbine integrated into microgrid smart systems targeting the rural and remote areas electrification sector. The technology is already validated. The EU-funded SMART Slowflow project will develop a detailed technical and business feasibility analysis. It will focus on the supply chain reduction of production costs, the industrial product design and cost quantification, customer validation, the analysis of the achievable markets and the refinement of the business model for the market entry phase.
Objective
SMART SlowFlow is a hydro-kinetics micro hydropower solution, developed and patented by Smart Hydro Power and able to reach unparalleled LCOE (20 c€/kWh) and maintenance cost (<0.25 c€/kWh). The hydro-turbine is integrated in the micro grid smart systems produced and already commercialized by Smart Hydro Power in the rural electrification sector (40 grids already sold in Peru, Colombia, Nigeria, Germany, etc.), a booming market set to reach around $23 billion in 2021: by developing the turbine and achieving the cost of production target, SHP is able to propose to the market at an unparalleled price the 100% renewable energy based, reliable and easy to be installed micro-grid for remote areas.
The technology has been already validated thanks to the first 280 W prototype, attesting the unparalleled performance in terms of cut-in speed (0.6 m/s), reliability and easiness in transportation and installation. The first patent on turbine design is going to be registered. A preliminary End-Users benefits assessment attests that the simple pay-back time for micro-grid installation is < 2.5 years.
Now, to reach the market, the Minimum Viable Product has to be selected in terms of power capacity, the full-integrated micro-grid has to be designed and manufactured, a prototypal manufacturing line (capacity = 1000 units/year) designed and fulfilled.
During Phase 1 project, Smart Hydro Power will develop a detailed technical and business feasibility analysis, focused on the supply chain optimization for cost of production reduction, the industrial production design and cost quantification, the customers validation, the analysis of the achievable markets and the refinement of the Business Model to be implemented in the Market Entry phase.
Fields of science (EuroSciVoc)
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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 political sciences political policies civil society civil society organisations nongovernmental organizations
- social sciences economics and business business and management business models
- social sciences economics and business economics production economics productivity
- engineering and technology environmental engineering energy and fuels renewable energy hydroelectricity
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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.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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-EIC-SMEInst-2018-2020
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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.
82340 FELDAFING (GARATSHAUSEN)
Germany
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.