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Teraloop EES SIGNED

A scalable and sustainable grid-scale energy storage system utilising 3rd generation flywheel technology for effective integration of renewable energy.

Total Cost €

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EC-Contrib. €

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Partnership

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Project "Teraloop EES" data sheet

The following table provides information about the project.

Coordinator
TERALOOP OY 

Organization address
address: MAARINTIE 6
city: ESPOO
postcode: 2150
website: n.a.

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 Finland [FI]
 Total cost 3˙465˙625 €
 EC max contribution 2˙425˙937 € (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-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-05-01   to  2021-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TERALOOP OY FI (ESPOO) coordinator 2˙425˙937.00

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 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 system makes it suitable for a range of applications such as voltage support, frequency regulation, peak shaving, T&D upgrade deferral & congestion relief, load following and arbitrage.

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

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