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GasHeatPumpSaltX TERMINATED

Disrupting the European domestic space heating market with the lowest cost, energy-efficient Gas Heat Pump

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EC-Contrib. €

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 GasHeatPumpSaltX project word cloud

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

completion    momentum    protected    booking    appliance    company    patent    750    feasibility    create    condensing    keen    de    expenses    conditioning    vaillant    job    thermal    markets    nano    air    started    competitive    efficient    solar    prototype    restrict    opportunity    agreed    gas    2024    20    domestic    natural    segments    few    utilities    enabled    updates    trl6    500    units    boiler    france    bear    households    225m    energy    5m    7m    medium    back    fast    compete    confirmed    saving    fraunhofer    heating    progress    swedish    efforts    storage    priced    premium    respected    truck    pay    saltx    portion    30    eur    final    mainly    revenues    boilers    experts    forecast    niche    solution    agreements    licensed    patents    attractive    receive    heat    40    total    joint    market    space    nibe    stringent    fruit    pumps    traction    creation    innovation    launch    oems    uses    15    british    revenue    2016    matrix    pilot    time    received    deploy    listed    regular    salt    ise    bulkiness    efficiency    ghps    ghp    regulation    coated    whilst   

Project "GasHeatPumpSaltX" data sheet

The following table provides information about the project.

Coordinator
SALTX TECHNOLOGY AB 

Organization address
address: VASTERTORPSVAGEN 135
city: HAGERSTEN
postcode: 12944
website: www.climatewell.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 Sweden [SE]
 Project website http://saltxtechnology.com/
 Total cost 2˙828˙875 €
 EC max contribution 1˙980˙212 € (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 2018
 Duration (year-month-day) from 2018-07-01   to  2020-06-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SALTX TECHNOLOGY AB SE (HAGERSTEN) coordinator 1˙980˙212.00

Map

 Project objective

Swedish SaltX, a listed 5m EUR revenue company, has identified a growth opportunity in the 7m units/yr European domestic space heating appliance market to deploy its patent protected storage technology SaltX. Experts forecast fast traction for gas heat pumps (GHP) in this market over the next few years, mainly driven by more stringent regulation for energy efficiency. A Phase I feasibility study by Fraunhofer ISE, the highly respected GHP experts, confirmed that the SaltX’s TRL6 prototype is indeed the most energy efficient and low-cost solution among GHPs: SaltX-GHP will be the only GHP system that can compete with condensing gas boilers for some time, whilst the high cost and bulkiness of competitive GHPs restrict them to premium niche segments.

The final system will increase energy efficiency compared to gas boilers by up to 40%, saving households up to 500 EUR/year in natural gas expenses. The system will be priced at a 15-20% premium to condensing gas boilers, or 750 EUR a unit, at an attractive 1.5 years pay-back.

The efficiency advance is enabled by SaltX’s innovation that uses nano-coated salt matrix as a heat storage medium – both are protected by patents. SaltX has already licensed this technology in the thermal solar and truck air-conditioning markets, booking early revenues of 5m EUR in 2016.

In this project, SaltX will build and demonstrate a pilot GHP system. SaltX’s efforts to create momentum with OEMs via gas utilities, e.g Gas de France and British Gas, who are keen to promote gas driven innovation, has started to bear fruit. SaltX has now received strong interest from OEMs, such as Vaillant and NIBE, who will receive regular progress updates during Phase II.

Following completion, SaltX will deliver on joint development agreements with OEMs, agreed upon during Phase II, and launch its GHP to a significant portion of the 7m unit a year European gas boiler market, aiming at revenues of 225m EUR by 2024 and total job creation of 30

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

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