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POWERSTORE

MikroMasch Powerstore for renewables microgeneration: scaling up the next generation battery technology for residential and commercial energy storage systems

Total Cost €

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EC-Contrib. €

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Partnership

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 POWERSTORE project word cloud

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

innovation    coming    source    vendors    clear    2024    scalable    exceptional    generation    first    electrode    primary    off    degradation    operations    storage    final    attractive    charging    synthesizing    lower    store    stores    small    alike    microgenerated    why    demand    industry    wind    composite    million    powerstore    pay    46    coating    panels    cycle    justify    piloting    consumers    14    billion    optimisation    times    business    meager    battery    manufacturer    start    leader    enablers    technologies    capacity    lies    prices    home    falling    realizing    li    lifetime    enhances    building    solar    nanomaterials    renewables    investors    ess    commercial    economical    owners    conservative    ion    grid    energy    market    electricity    power    pilot    core    entire    foresee    electrodes    introducing    single    stations    microgeneration    successful    performance    currently    prototypes    adopting    supply    ramp    revenues    leaving    prepare    prevents    entry    mix    estimates    investment    potentially    solutions   

Project "POWERSTORE" data sheet

The following table provides information about the project.

Coordinator
MIKROMASCH EESTI OU 

Organization address
address: VEERENNI 44
city: TALLINN
postcode: 11313
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 Estonia [EE]
 Project website http://www.mikromasch.com
 Total cost 1˙848˙150 €
 EC max contribution 1˙293˙705 € (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 2017
 Duration (year-month-day) from 2017-09-01   to  2019-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    MIKROMASCH EESTI OU EE (TALLINN) coordinator 1˙293˙705.00

Map

 Project objective

Currently, microgeneration is not an economical choice for most home- and business owners. Why? Because although the equipment costs are falling, the battery systems that are needed for using microgenerated power as the primary energy source offer only meager storage capacity at very high prices, leaving end consumers with 10 years before their small scale wind stations or solar panels start to pay off.

Energy storage systems (ESS) are the key enablers for adopting more renewables and demand-response grid solutions in the overall electricity supply mix. We are introducing the first ESS able to store enough energy to justify the investment in these solutions for home- and business owners.

With our exceptional 50 kWh energy storage capacity per single system at very low charging cycle cost, we are the clear industry leader in the up and coming ESS market – our next generation POWERSTORE stores 7 times more energy at 8 times lower lifetime cost compared to state of the art technologies.

ESS market is very attractive for investors and large Li-ion vendors alike, and is estimated to reach €14,6 billion by 2024. As our core innovation lies in the battery component level, the proposed technology is highly scalable and will potentially take the entire Li-ion industry to the next level of battery performance.

Our concept is based on synthesizing unique composite nanomaterials that we use for coating Li-ion battery electrodes. The coating enhances battery specific parameters and prevents capacity degradation. Building upon our successful Phase 1 project, within the Phase 2 we will focus on the final technical optimisation of our electrode coating technology, ramp up our operations to a pilot scale, and prepare for market entry by piloting our technology in commercial ESS prototypes in collaboration with a large Li-ion manufacturer. Based on conservative estimates, we foresee realizing €46,8 million in estimated revenues by 2024.

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

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