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DESSART

Dynamic Energy System Services to Achieve Renewable Targets

Total Cost €

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EC-Contrib. €

0

Partnership

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 DESSART project word cloud

Explore the words cloud of the DESSART project. It provides you a very rough idea of what is the project "DESSART" about.

billion    penetration    flywheel    intermittent    operator    replication    energie    innovative    worldwide    generators    interconnection    successful    resounding    wind    commercialisation    market    facility    financial    balancing    project    stability    solar    unpredictable    compound    security    positive    small    hybrid    operate    relatively    synergising    commercial    managerial    weak    maccsol    considerable    ing    transitioning    storage    realise    generation    opportunity    technologies    structure    proven    payment    additional    investors    electricity    schwungrad    expertise    sources    equity    location    forecast    winds    provision    racing    successfully    countries    irish    fund    expressed    expand    motor    niche    international    involvement    first    12       acceleration    decoupled    expanding    carbon    powered    ireland    facilities    renewable    formula1    2012    company    plans    flywheels    ideal    services    2020    time    energy    batteries    fp7    rapid    roll    27    there    annual    rate   

Project "DESSART" data sheet

The following table provides information about the project.

Coordinator
SCHWUNDGRAD ENERGIE LIMITED 

Organization address
address: 40 UPPER MOUNT STREET
city: Dublin 2
postcode: 0
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Ireland [IE]
 Project website http://schwungrad-energie.com/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy)
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2014
 Funding Scheme SME-1
 Starting year 2015
 Duration (year-month-day) from 2015-03-01   to  2015-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SCHWUNDGRAD ENERGIE LIMITED IE (Dublin 2) coordinator 50˙000.00

Map

 Project objective

There is a niche opportunity in the electricity market across Europe for the provision of additional system/balancing services, decoupled from electricity generation, resulting from the rise in renewable generation. The innovative and unique approach is the development of hybrid-powered flywheels, synergising two proven technologies, flywheels and batteries and application to the electricity system for the first time, to provide security and stability. Hybrid-powered flywheels are resounding success in Formula1 motor racing for rapid acceleration. Schwungrad Energie plans to exploit the concept to enhance system security and stability. The advanced energy storage technology market is forecast to expand at a Compound Annual Growth Rate of 12.3% to €27 billion between 2012 and 2020. European countries are aiming to achieve low carbon energy systems by transitioning to renewable sources, to realise their European targets. This requires a higher penetration of intermittent, unpredictable generators (wind/solar). In Ireland, with high winds and relatively weak interconnection, the System Operator has proposed a new payment structure for additional system/balancing services, expanding the market. This makes Ireland an ideal location for the first hybrid-powered flywheel facility before market replication throughout Europe and worldwide as renewable penetration increases in other countries.

Schwungrad Energie, an Irish company, was set up to successfully develop, operate and roll out facilities to provide system/balancing services in the electricity sector. The key personnel have expertise and experience in the technical, commercial, managerial and financial areas needed for project success and commercialisation within EU and beyond. Some have previous involvement with successful FP7 projects such as MACCSol. Discussion with a small number of potential key international equity investors are on-going and considerable positive interest has been expressed to fund the project

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The information about "DESSART" are provided by the European Opendata Portal: CORDIS opendata.

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