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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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 Outcomes and results

 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.

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

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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