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

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.
Leaflet | Map data © OpenStreetMap contributors, Credit: EC-GISCO, © EuroGeographics for the administrative boundaries

Coordinator

TERALOOP OY

Address

Maarintie 6
02150 Espoo

Finland

Activity type

Other

EU Contribution

€ 2 425 937,50

Project information

Grant agreement ID: 858355

Status

Ongoing project

  • Start date

    1 May 2019

  • End date

    30 April 2021

Funded under:

H2020-EU.3.

H2020-EU.2.3.

H2020-EU.2.1.

  • Overall budget:

    € 3 465 625

  • EU contribution

    € 2 425 937,50

Coordinated by:

TERALOOP OY

Finland