Explore the words cloud of the THEAC 25 project. It provides you a very rough idea of what is the project "THEAC 25" about.
The following table provides information about the project.
|Coordinator Country||Netherlands [NL]|
|Total cost||71˙429 €|
|EC max contribution||50˙000 € (70%)|
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)
|Duration (year-month-day)||from 2019-01-01 to 2019-04-30|
Take a look of project's partnership.
Due to climate change, space and process cooling is becoming the worldwide problem of the near future. With the raising of the average temperature, active air-conditioned cooling is needed throughout the year leading to high costs on electric power consumption (over 30% of the global electric power consumption in Europe, which means €27 billions), on maintenance for compressors as well as on the use of polluting refrigerants and its registration expenses. SOUNDENERGY BV introduces a breakthrough technology that brings a fundamental change in cooling buildings without using electricity or gas. Our company, based in The Netherlands, have a multidisciplinary team, with a well-known world leader researcher of Thermal Acoustics. Currently, we are developing the second generation of THEAC-25®converting heat into cold by using thermo acoustic technology. Our focus is to be able to provide climate control of buildings and industrial processes with zero CO2 emissions, saving 50% in energy consumption, which means between 5,000 - 20,000 kg of CO2 emissions/yearly reductions. The first version of THEAC-25® has been tested with some launching customers such as SENZORA BV. Pilot testing of the second generation of THEAC-25® with potential customers, will be contemplated as part of our commercialisation strategy. CE marking and FDA approval is sought to be able to commercialise on a global scale. SOUNDENERGY will follow a B2B approach to efficiently deliver climate cooling for industrial waste recovery as first target market (€600-700 M). Once we gain traction and market position we will focus on the space cooling for residential and non-residential buildings (€1.27B). We will be able to reach an addressable market size for waste heat recovery only in Europe of over €10M in 2021. Over 2,000 units of THEAC-25® and €40M sales projection has been estimated for the fourth year of commercialization (price €20k/per unit in Y4), with a ROI of 11.16
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The information about "THEAC 25" are provided by the European Opendata Portal: CORDIS opendata.