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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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 Outcomes and results

 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.

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

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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