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Nano-Edison

financed

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The most viable stationary energy storage solution for grid applications

Increasing share of renewable energy (solar and wind) into the EU energy mix is posing new grid management problems for operators. As the share exceeds 25%, it causes high levels of grid instability that can lead to supply insecur... see more

30/11/2019

Greenvolt

71K€

Project Budget: 71K€

Project leader

GREENVOLT NANOMA EHF No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

PARTICIPATION DEPralty Sin fecha límite de participación.

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Financing granted El organismo H2020 notifico la concesión del proyecto The day 2019-11-30

EIC-SMEInst-2018-2020: SME instrument

I+D

Cerrada does 5 years

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characteristics of the participant

Este proyecto no cuenta con búsquedas de partenariado abiertas en este momento.

Private Information

No hay información privada compartida para este proyecto. Habla con el coordinador.

2 Participantes

Greenvolt

50.00K€ | Leader

PANDA SECURITY, S.L.

912.34K€ | participant

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Project duration: 4 months Date Start: 2019-07-11
End date: 2019-11-30

Project leader

GREENVOLT NANOMA EHF No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Project Budget 71K€

participation deadline Sin fecha límite de participación.

Project description Increasing share of renewable energy (solar and wind) into the EU energy mix is posing new grid management problems for operators. As the share exceeds 25%, it causes high levels of grid instability that can lead to supply insecurity and outages. As a result, EU electricity distribution operators will require €480 billion by 2035 to expand their networks to overcome challenges associated with integrating renewables if cost and service life of current energy storage technologies are not improved. The only two energy storage methods that have acceptable cost and life: pumped hydro-storage (PHS) and compressed air energy storage (CAES) do not have the required rapid response times and are severely limited by geographic restrictions. While battery energy storage (BES) systems have the required instantaneous response, current technologies are prohibitively expensive and have limited lifespans and have safety risks. In response to this, Greenvolt Nanoma ehf, an Icelandic company uses nanotechnology to develop the first ever BES technology to meet all performance and cost criteria for grid applications. Our Nano-Edison battery’s costs and service life are comparable to PHS and CAES. Our solution is also tolerant to heavy currents, overcharging/discharging and even short circuits and can support pulse charging – making it ideal for capturing variable renewable energies. As such, we have a unique advantage within the rapidly growing €7.34 billion global market for grid-scale battery storage. With a viable technology that enables grid operators to defer investments in costly network expansion, we seek to be the global leader in energy storage for stationary applications. We have estimated that we will need an additional investment of €3.5 million to achieve that and bring our technology to the market.

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