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VR-ENERGY SIGNED

A RELIABLE, EFFICIENT, FLEXIBLE AND COST FFECTIVE VANADIUM-REDOX BATTERY ECHNOLOGY FOR LARGE SCALE ELECTRICITY STORAGE: A NOVEL SOLUTION FOR A GREEN GRID.

Total Cost €

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EC-Contrib. €

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Partnership

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Project "VR-ENERGY" data sheet

The following table provides information about the project.

Coordinator
HYDRAREDOX IBERIA, S.L. 

Organization address
address: CALLE GRAN VIA NUM 36 PLANTA 1 PUERTA IZ
city: ZARAGOZA
postcode: 50005
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 Spain [ES]
 Project website http://www.vrenergy.eu
 Total cost 2˙390˙000 €
 EC max contribution 1˙673˙000 € (70%)
 Programme 1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy)
2. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-2-2016-2017
 Funding Scheme SME-2
 Starting year 2016
 Duration (year-month-day) from 2016-12-01   to  2019-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    HYDRAREDOX IBERIA, S.L. ES (ZARAGOZA) coordinator 1˙673˙000.00

Map

 Project objective

Hydraredox Iberia S.L. is a Spanish SME formed as a joint venture between Hydraredox Europe Ltd and Kern Strategies & Developments, S.L. combining their skills and resources to develop and commercialize large-scale Electrochemical Energy Storage Systems (EESS). Our EESS are based on our patented vanadium-redox battery technology, which is the result of extensive research performed in the field over many years. Hydraredox has developed the only system on the market which overcomes all the major problems currently affecting large-scale electrochemical energy storage. Hydraredox’s high efficiency, long-duration storage-, long life, high operational safety and environmental performance, and commercially viable costs make it optimal for the integration of renewable energy in the electric grid. Hydraredox has successfully performed all the basic research and has already brought the technology to a demonstration scale: a 5 kW demonstration plant is installed and operated at our facilities in northern Spain. At a TRL7, our system has proved 100% reliable, high global energy efficiency (>80%), total suitability for large scale energy storage for renewables and for the electricity grid, cost efficiency (price of <580€/kWh compared to other ES systems >1.000€/kWh), no safety/environmental issues, and very long life of 30 years, twice that of other systems currently on the market. In order to move forward with our roadmap towards the commercialization of our EESS for large scale energy storage, in the VR-Energy project, we aim to further scale up our vanadium-redox battery system to 500 kW power with an energy storage capacity of 4 MWh for its actual implementation in the renewable electricity grid. The ultimate goal of our participation in the project is to become a worldwide leader in the large scale energy storage market, which is predicted to grow from €675 million in 2014 to €15.6 billion in 2024, and represents a huge business opportunity.

 Deliverables

List of deliverables.
VR-Energy webpage. Websites, patent fillings, videos etc. 2020-01-22 11:55:08

Take a look to the deliverables list in detail:  detailed list of VR-ENERGY deliverables.

 Publications

year authors and title journal last update
List of publications.
2017 HydraRedox Iberia S.L.
Guide to medium- large scale electric energy storagePublished in Spanish (Guía sobre el sector del almacenamiento de energía eléctrica de media a gran escala)
published pages: , ISSN: , DOI:
Twenergy (guide, Chapter 3.2 p 14) 2020-01-22
2017 Luis Collantes, HydraRedox Iberia
The competitive advantage of HydraRedox in the face of the challenges of electric energy storagePublished in Spanish (La ventaja competitiva de HydraRedox ante los grandes retos del almacenamiento eléctrico)
published pages: , ISSN: , DOI:
Energética XXI No 169, September 2017. Publis 2020-01-22
2017 Luis Collantes, HydraRedox Iberia
A new Spanish battery could achieve the large deployment of renewable energyPublished in Spanish (Una nueva batería española podría conseguir el despliegue masivo de las energías renovables)
published pages: , ISSN: , DOI:
Era Solar Published 6 times a year 2020-01-22
2017 Luis Collantes, HydraRedox Iberia
New policies and cost reduction, two key elements for the massive deployment of electrical storage Published in Spanish (Nuevas políticas y reducción de costes, dos elementos clave para el despliegue masivo del almacenamiento eléctrico)
published pages: , ISSN: , DOI:
Energia de Hoy Monthly print, Online 2020-01-22
2017 Luis Collantes, HydraRedox Iberia
A New Spanish battery could realise the large-scale development of renewable energy Published in Spanish (Una nueva batería española podría conseguir el despliegue masivo de las energías renovables)
published pages: , ISSN: , DOI:
MIT Technology Review Online 2020-01-22

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The information about "VR-ENERGY" are provided by the European Opendata Portal: CORDIS opendata.

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