EcoCurrent | Innovative water current picoturbines for the economic and sustainable exploitation of the renewable energy from rivers and estuaries

Summary
In 2016, over 1.2 billion people in the world (16% of the global population) still did not have access to electricity. As the majority of these people are located in remote and rural areas of the world, where conventional power grid extensions are not possible, off-grid energy solutions are required for providing electricity to these areas. Even though such solutions exist today, the options available are painfully limited and costly, whether it be the polluting diesel generators or the solar panels, intermittent energy source requiring complex parks of batteries for energy storage.
Tackling this issue, our company, EDIE EcoCinetic, a technology-driven micro-enterprise, has invented EcoCurrent, a water current picoturbine which harnesses the energy from the available flow of canals, rivers and tidal currents to generate electricity. Specifically design for water, our technology is compact, robust, efficient, easy to install and operate; and will provide to rural and remote population a solution adapted to their hydrokinetic resources to address their needs for a continuous, reliable and affordable electricity.
With EcoCurrent, our universal and affordable technology which will improve living conditions of millions of people in Europe and abroad, we aim to become one of the international leaders in the emerging market of hydrokinetic picoturbines. The strong penetration, supported by EcoCurrent competitive price for unrivalled features, will lead to +€20.15 million of accumulated revenue within the 2020-2024 period, and will generate 28-30 internal job opportunities with the first 5 years of exploitation.
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More information & hyperlinks
Web resources: https://cordis.europa.eu/project/id/786766
Start date: 01-12-2017
End date: 31-03-2018
Total budget - Public funding: 71 429,00 Euro - 50 000,00 Euro
Cordis data

Original description

In 2016, over 1.2 billion people in the world (16% of the global population) still did not have access to electricity. As the majority of these people are located in remote and rural areas of the world, where conventional power grid extensions are not possible, off-grid energy solutions are required for providing electricity to these areas. Even though such solutions exist today, the options available are painfully limited and costly, whether it be the polluting diesel generators or the solar panels, intermittent energy source requiring complex parks of batteries for energy storage.
Tackling this issue, our company, EDIE EcoCinetic, a technology-driven micro-enterprise, has invented EcoCurrent, a water current picoturbine which harnesses the energy from the available flow of canals, rivers and tidal currents to generate electricity. Specifically design for water, our technology is compact, robust, efficient, easy to install and operate; and will provide to rural and remote population a solution adapted to their hydrokinetic resources to address their needs for a continuous, reliable and affordable electricity.
With EcoCurrent, our universal and affordable technology which will improve living conditions of millions of people in Europe and abroad, we aim to become one of the international leaders in the emerging market of hydrokinetic picoturbines. The strong penetration, supported by EcoCurrent competitive price for unrivalled features, will lead to +€20.15 million of accumulated revenue within the 2020-2024 period, and will generate 28-30 internal job opportunities with the first 5 years of exploitation.

Status

CLOSED

Call topic

SMEInst-09-2016-2017

Update Date

27-10-2022
Geographical location(s)
Structured mapping
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EU-Programme-Call
Horizon 2020
H2020-EU.2. INDUSTRIAL LEADERSHIP
H2020-EU.2.1. INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
H2020-EU.2.1.1. INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
H2020-EU.2.1.1.0. INDUSTRIAL LEADERSHIP - ICT - Cross-cutting calls
H2020-SMEINST-1-2016-2017
SMEInst-09-2016-2017 Stimulating the innovation potential of SMEs for a low carbon and efficient energy system
H2020-SMEINST-2-2016-2017
SMEInst-09-2016-2017 Stimulating the innovation potential of SMEs for a low carbon and efficient energy system
H2020-EU.2.3. INDUSTRIAL LEADERSHIP - Innovation In SMEs
H2020-EU.2.3.1. Mainstreaming SME support, especially through a dedicated instrument
H2020-SMEINST-1-2016-2017
SMEInst-09-2016-2017 Stimulating the innovation potential of SMEs for a low carbon and efficient energy system
H2020-SMEINST-2-2016-2017
SMEInst-09-2016-2017 Stimulating the innovation potential of SMEs for a low carbon and efficient energy system
H2020-EU.3. SOCIETAL CHALLENGES
H2020-EU.3.3. SOCIETAL CHALLENGES - Secure, clean and efficient energy
H2020-EU.3.3.0. Cross-cutting call topics
H2020-SMEINST-1-2016-2017
SMEInst-09-2016-2017 Stimulating the innovation potential of SMEs for a low carbon and efficient energy system
H2020-SMEINST-2-2016-2017
SMEInst-09-2016-2017 Stimulating the innovation potential of SMEs for a low carbon and efficient energy system