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SmartCharge SIGNED

SmartCharge: Smart integrated circuits for advanced battery management

Total Cost €

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EC-Contrib. €

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Partnership

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 SmartCharge project word cloud

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

revenue    reducing    safety    post    hybrid    profits    opening    circuit    master    strategic    energy    accelerate    playing    market    company    complexity    ev    protected    bms    adoption    additional    muscle    innovation    local    barriers    remaining    monitored    mobility    stacks    unmatched    capacity    maturation    hereto    introduction    yielding    50    alternatives    icab    battery    lower    communication    nonetheless    reduce    electric    vehicles    15    efficient    325    balancing    commercialization    gross    offers    cell    optimizing    wiring    lithium    create    asic    capture    endurance    chain    ramping    powerline    stands    representing    disruptive    minimize    63    mn    unquestionably    gaps    their    ramp    opportunity    stream    bridge    pack    patent    bottlenecks    communications    slave    prepared    reliability    positions    business    exist    monitoring    manufacturers    consolidate    gt    partnering    larger    cells    performance    full    summing    libal   

Project "SmartCharge" data sheet

The following table provides information about the project.

Coordinator
Lithium Balance A/S 

Organization address
address: Hassellunden 13
city: SMORUM
postcode: 2765
website: www.lithiumbalance.com

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 Denmark [DK]
 Project website https://www.lithiumbalance.com/en/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.4. (SOCIETAL CHALLENGES - Smart, Green And Integrated Transport)
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 2018
 Duration (year-month-day) from 2018-03-01   to  2018-07-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    Lithium Balance A/S DK (SMORUM) coordinator 50˙000.00

Map

 Project objective

Electric vehicles (EV) are unquestionably the future of mobility, with numerous initiatives to accelerate its adoption. Nonetheless, technical gaps still exist on EV usage – several of them relating with battery capacity, cost, performance and safety concerns, which create several barriers for EV wider market uptake. Hereto, Battery Management Systems (BMS) have been playing a key role in optimizing the use of continuously larger battery stacks with improved endurance, performance and reliability, typically representing around 15% of the overall battery cost. Hereto, reducing their cost and improving their performance is key to minimize the battery-related bottlenecks for wide EV adoption.

LiBAL has developed a novel Integrated Circuit for Advanced Battery Management (ICAB). ICAB is an ASIC-based integrated circuit to be deployed as a local monitoring unit within large BMS. ICAB offers several disruptive features, including 1) an unmatched cost per monitored lithium cell (>50% lower than alternatives from major manufacturers), 2) enabling more efficient energy balancing across cells in the battery pack without ramping overall costs, through a unique, patent-protected hybrid balancing method and 3) is prepared to reduce the complexity of master/slave communication wiring through powerline communications.

To bridge the remaining steps towards full scale commercialization of ICAB, LiBAL has not only to widely demonstrate it in full scale but also to consolidate our strategic partnering throughout the EV value chain to ensure enough muscle for ICAB’s production ramp-up. The to-market maturation of ICAB within the present innovation project represents a strategic opportunity yielding a very large business potential for our company – opening a potential revenue stream summing up to over €325 mn over the 5-years post market introduction, from which LiBAL stands to capture over €63 mn as additional gross profits, while creating 50 new positions at our company.

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

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