Project description DEENESFRITPL Levitating bearings make industry more sustainable About 40 % of the world’s electricity is consumed by rotating machines, but all these machines rely on physical ball bearings and lubrication. This means inefficient energy usage, high levels of wear and tear (lifetime costs), and environmental contaminants as waste products. The INLET project has developed a frictionless bearing system called SpinDrive that uses magnetic levitation to increase performance, lifespan and environmental friendliness of industrial machinery. SpinDrive lowers lifecycle costs of manufacturing machinery by 35 %, halves energy loss (thus reducing carbon emissions), and promises 20 years of maintenance-free operation, saving on average EUR 500 000 over the product lifetime. INLET machines are also completely oil-free, and incorporate cutting edge sensor and controller technology. Show the project objective Hide the project objective Objective About 40% of the electricity worldwide is consumed by rotating electrical machines. However most of the electrical machinesare not working at the optimum point from a process efficiency perspective. The electricity demand is growing andsimultaneously greenhouse gas emissions must be significantly cut every year according to global agreements and regionalterms of legislation. Cost-effective high efficiency motor development is highly required.SpinDrive provides highly efficient turn-key drivetrains (INLET), supported by frictionless magnetic bearings, for OriginalEquipment Manufacturers.INLET increases OEMs solutions’ system efficiency by at least 10%, reduce material consumption and simplify an equipmentinstallation process.INLET lowers the customer’s lifecycle costs by 35%.INLET reduces energy losses in the machine by half. For a 500-kW unit, this solution mitigates 200 tons of CO2 emissionsannually and enables 4-year payback time.INLET enables 20 years of maintenance-free operations and saves on average more than 500 000 EUR on the maintenancecosts during the product lifetime.INLET is completely oil-free, which allows OEM customers to enter rapidly growing markets and ensure an alignment with acontaminant-free environmental strategy.Compared with the other magnetic bearing providers, SpinDrive can design the entire drivetrain and make it more cost efficient.Our sensor and controller technology enable 70% lower cost level and competitive pricing of delivered products.SpinDrive is a spin-off of Lappeenranta University of Technology, Finland, founded in 2015. Our INLET innovation builds uponthe high-speed technology research at the university during the past 35 years. INLET has already reached TRL7 and a solidSMEI-1 feasibility study will guide our future growth as it will be used to acquire deep understanding of the market, competitors,customer segments, end-users and stakeholders and enable us to reach TRL 9 through the SMEI-2 by 2021. Fields of science social scienceseconomics and businessbusiness and managementbusiness modelsengineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringsensorssocial scienceseconomics and businessbusiness and managementcommerce Programme(s) H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) EIC-SMEInst-2018-2020 - SME instrument Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-SMEInst-2018-2020-1 Funding Scheme SME-1 - SME instrument phase 1 Coordinator SpinDrive Oy Net EU contribution € 50 000,00 Address LASERKATU 6 53850 Lappeenranta Finland See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Manner-Suomi Etelä-Suomi Etelä-Karjala Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00