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The most viable stationary energy storage solution for grid applications

Project description

Improving battery technology for renewable energy storage

The share of wind and solar in the global power mix currently exceeds 25 % and continues to grow rapidly and steadily. New grid management solutions will be needed to avoid overwhelming the grid and causing supply insecurity and outages. Unless current energy storage technologies improve, electricity operators will need to spend around EUR 480 billion to expand the grid networks. EU funding of the Nano-Edison project will enable an Iceland-based company to develop the first battery energy storage technology that meets all performance and cost criteria for grid applications. The new battery technology will be tolerant to heavy currents, overcharging/over-discharging and short circuits and will employ pulse technology – making it ideal for capturing variable renewable energy.

Call for proposal

H2020-EIC-SMEInst-2018-2020

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Sub call

H2020-SMEInst-2018-2020-1

Coordinator

NANOM EHF
Net EU contribution
€ 50 000,00
Address
Bjargargotu 1
101 Reykjavik
Iceland

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Region
Ísland Ísland Höfuðborgarsvæði
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Non-EU contribution
€ 21 429,00