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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.

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

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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