Teraloop ESS
A highly scalable grid-scale energy storage system utilising 3rd generation flywheel technology for effective integration of renewable energy.
Total Cost €
0EC-Contrib. €
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0Teraloop ESS project word cloud
Explore the words cloud of the Teraloop ESS project. It provides you a very rough idea of what is the project "Teraloop ESS" about.
Project "Teraloop ESS" data sheet
The following table provides information about the project.
| Coordinator |
TERALOOP OY
Organization address contact info |
| Coordinator Country | Finland [FI] |
| Project website | http://www.teraloop.org |
| Total cost | 71˙429 € |
| EC max contribution | 50˙000 € (70%) |
| Programme |
1. H2020-EU.3. (PRIORITY 'Societal challenges) 2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs) 3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies) |
| Code Call | H2020-SMEInst-2018-2020-1 |
| Funding Scheme | SME-1 |
| Starting year | 2018 |
| Duration (year-month-day) | from 2018-05-01 to 2018-09-30 |
Partnership
Take a look of project's partnership.
| # | ||||
|---|---|---|---|---|
| 1 | TERALOOP OY | FI (ESPOO) | coordinator | 50˙000.00 |
Map
Project objective
Electrical energy storage (EES) is a fundamental enabler to the deployment of renewable energy and provides cost-savings in other markets. The market is projected to grow from 1.1 GW in 2016 to 21.6 GW in 2025. Pumped hydroelectric storage (PHS) accounts for 98% of global energy storage, however they are geographically limited, environmentally impactful and require huge upfront costs. Other state-of-the-art solutions available in the market i.e. batteries for EES cannot scale-up to meet the demands on the electrical grids and networks. This results in an underutilisation or ineffective use of renewable energy sources. Teraloop has created a highly scalable, kinetic energy storage system, which draws upon proven technologies (flywheel energy storage, magnetic levitation and brushless motors.), innovatively configured for grid-scale storage with minimal visual and environmental footprint. The scalability of the product results in applicability from voltage support to load following. The development roadmap comprises three major phases: Phase1: Market & technical feasibility: Utilise SME instrument phase 1 funding to complete market analysis – define requirements and favourable market conditions. Find a demonstrator partner and explore engineering requirements. Phase2: An industrial demonstrator of 10MW Teraloop: Utilise SME instrument phase2 funding to find suitable stakeholders and subcontractors. Build, run and test Teraloop. Expand IP, communicate and disseminate phase 2 activities. Phase3: Commercialise 10MW Teraloop and develop 100MW Teraloop: Teraloop recognises their ambitious vision and mission will only be delivered through strategic partnerships with investors, technology companies, the energy storage industry and the public sector.
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The information about "TERALOOP ESS" are provided by the European Opendata Portal: CORDIS opendata.