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LCPT

SONOLIS ENERGY STORAGE SYSTEM: Lithium Capacitor Power Transfer

Total Cost €

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EC-Contrib. €

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Partnership

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 LCPT project word cloud

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

2014    generators    innovative    difficult    wind    solar    generation    turnover    guarantee    12m    2009    renewable    enterprise    power    batteries    energy    basic    clear    16    collectors    finalize    primary    international    roughly    grids    plays    one    capacity    electricity    improves    super    last    fuels    fundamental    fact    mwh    blades    capacitors    452    energies    turbines    2020    fuel    stored    total    efficiency    engineers    commercialization    lithium    reliability    combines    fossil    global    investment    grow    sunshine    worldwide    markets    opportunity    2024    million    2m    business    payback    performance    disadvantages    commercialize    2050    relies    accumulated    weather    electrochemical    pursuing    entirely    reached    integration    validate    sonolis    turn    12    billion    frameworks    skies    smart    quantities    entrepreneurs    revenue    source    market    generate    photons    supply    optimizes    storage    founded    2030    upgrade    technologies    group    sources    replace    distributed    receive   

Project "LCPT" data sheet

The following table provides information about the project.

Coordinator
SONOLIS SRL 

Organization address
address: VIA TORRI BIANCHE 3
city: VIMERCATE MB
postcode: 20871
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 Italy [IT]
 Project website http://www.sonolis.it/it/
 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.2.1.1. (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-1-2016-2017
 Funding Scheme SME-1
 Starting year 2016
 Duration (year-month-day) from 2016-11-01   to  2017-02-28

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SONOLIS SRL IT (VIMERCATE MB) coordinator 50˙000.00

Map

 Project objective

One of the main European challenges included in the 2020, 2030 and 2050 objectives and frameworks is the increase of energy efficiency, and the integration of Renewable Energy Sources plays a fundamental role in the development of Smart Grids in order to achieve the targets. However, with renewable energy it is difficult to generate the same quantities of electricity that those produced by traditional fossil fuel generators and it is difficult to guarantee the reliability of supply because of the fact that the production relies on the weather for its source of power, solar collectors need clear skies and sunshine to receive photons and produce electricity, and wind turbines need wind to turn the blades. That is why energy storage is considered to be one of the primary means by which renewable energies can entirely replace fossil fuels. Traditionally, the energy is stored in an electrochemical way but batteries have some associated disadvantages. SONOLIS, an enterprise founded in late 2009 by a group of engineers and entrepreneurs, has developed an innovative Energy Storage System that combines, optimizes and improves the characteristics and performance of two basic technologies available on the market today, super capacitors and the last generation of lithium batteries, which is useful for several applications. The global total storage capacity is expected to achieve 12,000 MWh in 2024, and worldwide revenue from distributed energy storage system is expected to grow from 452 million$ in 2014 to more than 16.5 billion$ in 2024. With this project, SONOLIS will finalize the upgrade and validate its innovative technology, and will commercialize it in the international markets, pursuing a business opportunity that will provide an accumulated turnover of more than 12M€ after five years of commercialization. The payback of the expected investment of this project (roughly 2M€) will be reached in the second year in the market.

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

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