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A scalable and sustainable grid-scale energy storage system utilising 3rd generation flywheel technology for effective integration of renewable energy.

Objective

Electrical energy storage (EES) is a fundamental enabler to the deployment of renewable energy and provides cost-savings in other markets. The market is projected to grow from 1.1 GW in 2016 to 21.6 GW in 2025. Pumped hydroelectric storage (PHS) accounts for 98% of global energy storage, however they are geographically limited, environmentally impactful and require huge upfront costs. Other state-of-the-art solutions available in the market i.e. batteries for EES cannot scale-up to meet the demands on the electrical grids and networks. This results in an underutilisation or ineffective use of renewable energy sources.
Teraloop has created a highly scalable, kinetic energy storage system, which draws upon proven technologies (flywheel energy storage, magnetic levitation and brushless motors.), innovatively configured for grid-scale storage with minimal visual and environmental footprint. The scalability of the system makes it suitable for a range of applications such as voltage support, frequency regulation, peak shaving, T&D upgrade deferral & congestion relief, load following and arbitrage.

Field of science

  • /engineering and technology/environmental engineering/energy and fuels/renewable energy
  • /engineering and technology/electrical engineering, electronic engineering, information engineering/electrical engineering/power engineering/electric power distribution
  • /social sciences/economics and business/business and management/commerce

Call for proposal

H2020-SMEInst-2018-2020-2
See other projects for this call

Funding Scheme

SME-2 - SME instrument phase 2

Coordinator

TERALOOP OY
Address
Maarintie 6
02150 Espoo
Finland
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 2 425 937,50