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Revolutionizing Stationary Energy Storage Cost: Go To Market Plan For Zinc-Ion Rechargeable Batteries

Project description

Zinc-ion batteries offer cheap energy storage for renewables

Grid-connected battery storage systems are now part of the mainstream power supply. The stationary energy storage market is forecast to reach EUR 26 billion by 2022. Energy storage systems are increasingly important for storing renewable electricity from intermittent sources for better grid balancing. With EU funding of the ENERZ project, Sweden-based Enerpoly company introduces breakthrough zinc-ion battery technology – a lower-cost, more efficient, and durable alternative to lead-acid and lithium-ion batteries commonly used in energy storage technologies. The new technology will allow battery manufacturers to reduce costs by more than 80 % compared to other batteries of the same capacity. This new battery technology can also be used in datacentres’ or residential storage systems.

Objective

The current global market for Stationary Energy Storage will reach roughly $ 26 billion by 2022, at a compound annual growth rate (CAGR) of 46.5 %, mostly fuelled by the rapid growth of Renewable Energy Sources (RES). Due to their intrinsic intermittence, RES are dependent on large-scale energy storage technologies to definitely to reach higher levels of cost-efficiency. However, significant challenges remain when it comes to reaching the low-cost levels at which storage technologies combined with RES become competitive with the traditional electrical grid, while also remaining environmentally friendly. Enerpoly’s Zinc-Ion battery cell technology represents a breakthrough in stationary storage, by offering a simple, environmentally friendly, efficient, durable and low-cost alternative to Lead-Acid and Lithium-Ion batteries, today’s most used storage technologies. Besides storing renewable energy, Enerpoly’s technology can be used in many Uninterrupted Power Supply (UPS) applications at grid, industrial, commercial and even residential levels such as peak saving, datacentres, telco equipment, commercial and residential storage. ENERZ, Enerpoly’s main product, will allow battery manufacturers to reduce their current costs in more than 80% for the same kWh storage capacity when compared to Lead-Acid and Lithium-Ion batteries, with a longer cycle life and better safety. Thanks to this project, we expect to validate our prototype and consequently deploy our first pilot production line. We aim to reach €11,2 million turnover in 2025, four years after market entry, generating 25 positions in Sweden and helping positioning Europe at the forefront of energy storage technology.

Call for proposal

H2020-EIC-SMEInst-2018-2020

See other projects for this call

Sub call

H2020-SMEInst-2018-2020-1

Coordinator

ENERPOLY AB
Net EU contribution
€ 50 000,00
Address
TEKNIKRINGEN 38
114 28 Stockholm
Sweden

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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
Östra Sverige Stockholm Stockholms län
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost
€ 71 429,00