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Synchronverter

Smart Synchronous inverter for grid’s stability

Total Cost €

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EC-Contrib. €

0

Partnership

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 Synchronverter project word cloud

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

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Project "Synchronverter" data sheet

The following table provides information about the project.

Coordinator
SYNVERTEC LTD 

Organization address
address: 6 GALGALEI HAPLADA ST.
city: HERZLIYA
postcode: 46722
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 Israel [IL]
 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-1-2015
 Funding Scheme SME-1
 Starting year 2015
 Duration (year-month-day) from 2015-06-01   to  2015-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SYNVERTEC LTD IL (HERZLIYA) coordinator 50˙000.00

Map

 Project objective

The integration of Renewable Energy Sources (RES) and Distributed Energy Resources (DERs) plays a fundamental role in the development of Smart Grids. Nowadays, RES (solar, wind, etc.) and DERs (energy storage, EV, etc.) are connected to the grid via DC/AC converters (inverters). Now, these inverters do not provide ancillary services (power-frequency control, voltage control, etc.) like the synchronous generators (generators normally used in conventional power plants) do, which is required to avoid grid voltage and frequency fluctuations and faults. Since the amount of RES and DERs installations are drastically increasing in the world, there is an urgent need to implement smart inverters with these functionalities included. The Synchronverter facilitates the connection of RES and DERs to the grid causing a conventional inverter to mimic a synchronous generator, consequently, these power sources can actively participate in the grid stabilization in harmony with other generators. The Synchronverter has been developed by Synvertec an Israeli company seed-funded by Horizon Green Tech Ventures an investment alliance formed by Alstom S.A, Rotem Industries Ltd (Isralei company specialized in the commercialisation of advanced technologies) and Gefen Investmens ( a business incubator company). Synvertec is also participated by Israel Electric Corporation (IEC - Israeli Grid Operator) and the Office of the CHief Scientist (Israeli goverrmental R&D fostering office). Only the inverter’s market for renewable energy accounts for more than $11 billion in 2014. Synvertec aims to make a gradual approach by initially addressing inverters for PV and DES accounting for more than $7 billion in 2014 (out of which $3 billion in Europe). The benefits that this technology will bring to the market will make the proposed project profitable with an IRR of 18.56% over 8 years and a payback period of 5.5 years.

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

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