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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.

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

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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