Summary
The current global market for Stationary Energy Storage will reach roughly $ 26 billion by 2022, at a compound annual growth rate (CAGR) of 46.5 %, mostly fuelled by the rapid growth of Renewable Energy Sources (RES). Due to their intrinsic intermittence, RES are dependent on large-scale energy storage technologies to definitely to reach higher levels of cost-efficiency. However, significant challenges remain when it comes to reaching the low-cost levels at which storage technologies combined with RES become competitive with the traditional electrical grid, while also remaining environmentally friendly. Enerpoly’s Zinc-Ion battery cell technology represents a breakthrough in stationary storage, by offering a simple, environmentally friendly, efficient, durable and low-cost alternative to Lead-Acid and Lithium-Ion batteries, today’s most used storage technologies. Besides storing renewable energy, Enerpoly’s technology can be used in many Uninterrupted Power Supply (UPS) applications at grid, industrial, commercial and even residential levels such as peak saving, datacentres, telco equipment, commercial and residential storage. ENERZ, Enerpoly’s main product, will allow battery manufacturers to reduce their current costs in more than 80% for the same kWh storage capacity when compared to Lead-Acid and Lithium-Ion batteries, with a longer cycle life and better safety. Thanks to this project, we expect to validate our prototype and consequently deploy our first pilot production line. We aim to reach €11,2 million turnover in 2025, four years after market entry, generating 25 positions in Sweden and helping positioning Europe at the forefront of energy storage technology.
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| Web resources: | https://cordis.europa.eu/project/id/876034 |
| Start date: | 01-07-2019 |
| End date: | 30-09-2019 |
| Total budget - Public funding: | 71 429,00 Euro - 50 000,00 Euro |
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Original description
The current global market for Stationary Energy Storage will reach roughly $ 26 billion by 2022, at a compound annual growth rate (CAGR) of 46.5 %, mostly fuelled by the rapid growth of Renewable Energy Sources (RES). Due to their intrinsic intermittence, RES are dependent on large-scale energy storage technologies to definitely to reach higher levels of cost-efficiency. However, significant challenges remain when it comes to reaching the low-cost levels at which storage technologies combined with RES become competitive with the traditional electrical grid, while also remaining environmentally friendly. Enerpoly’s Zinc-Ion battery cell technology represents a breakthrough in stationary storage, by offering a simple, environmentally friendly, efficient, durable and low-cost alternative to Lead-Acid and Lithium-Ion batteries, today’s most used storage technologies. Besides storing renewable energy, Enerpoly’s technology can be used in many Uninterrupted Power Supply (UPS) applications at grid, industrial, commercial and even residential levels such as peak saving, datacentres, telco equipment, commercial and residential storage. ENERZ, Enerpoly’s main product, will allow battery manufacturers to reduce their current costs in more than 80% for the same kWh storage capacity when compared to Lead-Acid and Lithium-Ion batteries, with a longer cycle life and better safety. Thanks to this project, we expect to validate our prototype and consequently deploy our first pilot production line. We aim to reach €11,2 million turnover in 2025, four years after market entry, generating 25 positions in Sweden and helping positioning Europe at the forefront of energy storage technology.Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
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