Summary
The Ocean Battery is a CES Best-of-Innovation Award winning breakthrough solution based on proprietary Key Enabling Technology to solve the huge challenge of balancing supply & demand for the global offshore e-Power
industry due to intermittent production of wind power. Our patented and sustainably produced Ocean Battery system substantially lowers the CAPEX for the massively expensive offshore power grid, generating a very high ROI for the unique Ocean Battery. Soon, weather conditions dictate the timing
of renewable energy production, causing large fluctuations. Oversupply, resulting in negative energy prices and even blackouts create a market in excess of € 200 bn for energy storage. This project demonstrates the Ocean Battery in a lake: a full-scale operational system to show and validate the
operation, installation, and maintenance processes. After that, the solution is ready to scale offshore and support the energy transition by providing GWh-scale ecofriendly energy storage.
industry due to intermittent production of wind power. Our patented and sustainably produced Ocean Battery system substantially lowers the CAPEX for the massively expensive offshore power grid, generating a very high ROI for the unique Ocean Battery. Soon, weather conditions dictate the timing
of renewable energy production, causing large fluctuations. Oversupply, resulting in negative energy prices and even blackouts create a market in excess of € 200 bn for energy storage. This project demonstrates the Ocean Battery in a lake: a full-scale operational system to show and validate the
operation, installation, and maintenance processes. After that, the solution is ready to scale offshore and support the energy transition by providing GWh-scale ecofriendly energy storage.
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/190140124 |
| Start date: | 01-07-2023 |
| End date: | 30-06-2025 |
| Total budget - Public funding: | 4 434 373,75 Euro - 2 499 999,00 Euro |
Cordis data
Original description
The Ocean Battery is a CES Best-of-Innovation Award winning breakthrough solution based on proprietary Key Enabling Technology to solve the huge challenge of balancing supply & demand for the global offshore e-Powerindustry due to intermittent production of wind power. Our patented and sustainably produced Ocean Battery system substantially lowers the CAPEX for the massively expensive offshore power grid, generating a very high ROI for the unique Ocean Battery. Soon, weather conditions dictate the timing
of renewable energy production, causing large fluctuations. Oversupply, resulting in negative energy prices and even blackouts create a market in excess of € 200 bn for energy storage. This project demonstrates the Ocean Battery in a lake: a full-scale operational system to show and validate the
operation, installation, and maintenance processes. After that, the solution is ready to scale offshore and support the energy transition by providing GWh-scale ecofriendly energy storage.
Status
SIGNEDCall topic
HORIZON-EIC-2023-ACCELERATOROPEN-01Update Date
12-03-2024
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