Summary
Energy storage is an increasingly challenge as power distribution evolves to a more decentralized model with progressively higher shares of renewable energies (RE). Battery energy storage systems (BESS) are emerging as potential solutions to increase system reliability, due to their unique capability to absorb, hold and reinject electricity, as well as offer ancillary grid services. However, mature BEES technologies (e.g.; lead-acid, sodium-based and lithium ion) are still expensive, have limited lifespans and carry inherent risks.
By applying nanotechnology, Greenvolt has developed Nano-Edison, a disruptive BESS that meets all the performance and criteria to couple with RE mini-grids of commercial, industrial and residential customers. Nano-Edison solution replaces the iron and nickel solid plates of the traditional Edison battery by Fe and Ni nanomaterials, retaining all original advantages (robustness, durability and safety attributes), while solves the associated downsides (manufacturing costs, low efficiency, high size and excessive weight). Compared to other alternatives, Nano-Edison offers an improved durability (+20,000 cycles), environmentally safe performance (no flammable, no acid, non-toxic metals) and the lowest production costs in the market (87 €/kWh vs. 350 €/kWh for Li-ion).
Our developed and patented method for producing quality nanomaterials ensure a solid commercial proposition, that Greenvolt will monetise by licensee fees (≈300 k€/year), royalty fees (0.5% on sales) and nanoparticles supplying (89 €/kg) to large battery manufacturer partners. We expect that Nano-Edison unique selling point will enable a profitable business model that will boost the growth of Greenvolt with 5-year accumulated profits surpassing 40 M€, ROI of 8 and the creation of +56 new positions. Likewise, by providing more efficient and cost-competitive BESS, Nano-Edison will help society to make a better use of variable and decentralised renewable energy sources.
By applying nanotechnology, Greenvolt has developed Nano-Edison, a disruptive BESS that meets all the performance and criteria to couple with RE mini-grids of commercial, industrial and residential customers. Nano-Edison solution replaces the iron and nickel solid plates of the traditional Edison battery by Fe and Ni nanomaterials, retaining all original advantages (robustness, durability and safety attributes), while solves the associated downsides (manufacturing costs, low efficiency, high size and excessive weight). Compared to other alternatives, Nano-Edison offers an improved durability (+20,000 cycles), environmentally safe performance (no flammable, no acid, non-toxic metals) and the lowest production costs in the market (87 €/kWh vs. 350 €/kWh for Li-ion).
Our developed and patented method for producing quality nanomaterials ensure a solid commercial proposition, that Greenvolt will monetise by licensee fees (≈300 k€/year), royalty fees (0.5% on sales) and nanoparticles supplying (89 €/kg) to large battery manufacturer partners. We expect that Nano-Edison unique selling point will enable a profitable business model that will boost the growth of Greenvolt with 5-year accumulated profits surpassing 40 M€, ROI of 8 and the creation of +56 new positions. Likewise, by providing more efficient and cost-competitive BESS, Nano-Edison will help society to make a better use of variable and decentralised renewable energy sources.
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| Web resources: | https://cordis.europa.eu/project/id/101009493 |
| Start date: | 01-10-2020 |
| End date: | 30-11-2023 |
| Total budget - Public funding: | 2 680 312,00 Euro - 1 876 218,00 Euro |
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Original description
Energy storage is an increasingly challenge as power distribution evolves to a more decentralized model with progressively higher shares of renewable energies (RE). Battery energy storage systems (BESS) are emerging as potential solutions to increase system reliability, due to their unique capability to absorb, hold and reinject electricity, as well as offer ancillary grid services. However, mature BEES technologies (e.g.; lead-acid, sodium-based and lithium ion) are still expensive, have limited lifespans and carry inherent risks.By applying nanotechnology, Greenvolt has developed Nano-Edison, a disruptive BESS that meets all the performance and criteria to couple with RE mini-grids of commercial, industrial and residential customers. Nano-Edison solution replaces the iron and nickel solid plates of the traditional Edison battery by Fe and Ni nanomaterials, retaining all original advantages (robustness, durability and safety attributes), while solves the associated downsides (manufacturing costs, low efficiency, high size and excessive weight). Compared to other alternatives, Nano-Edison offers an improved durability (+20,000 cycles), environmentally safe performance (no flammable, no acid, non-toxic metals) and the lowest production costs in the market (87 €/kWh vs. 350 €/kWh for Li-ion).
Our developed and patented method for producing quality nanomaterials ensure a solid commercial proposition, that Greenvolt will monetise by licensee fees (≈300 k€/year), royalty fees (0.5% on sales) and nanoparticles supplying (89 €/kg) to large battery manufacturer partners. We expect that Nano-Edison unique selling point will enable a profitable business model that will boost the growth of Greenvolt with 5-year accumulated profits surpassing 40 M€, ROI of 8 and the creation of +56 new positions. Likewise, by providing more efficient and cost-competitive BESS, Nano-Edison will help society to make a better use of variable and decentralised renewable energy sources.
Status
SIGNEDCall topic
H2020-EIC-SMEInst-2020-4Update Date
27-10-2022
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