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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.

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