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LightCatcher SIGNED

Scalable energy efficiency modules integrating both energy recovery and passive cooling systems for the solar photovoltaic industry

Total Cost €

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EC-Contrib. €

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Partnership

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 LightCatcher project word cloud

Explore the words cloud of the LightCatcher project. It provides you a very rough idea of what is the project "LightCatcher" about.

solar    lightcatcher    form    55    conversion    recovery    efficiency    photovoltaics    pv    module    air    leads    fte    scalable    102    71    optimisation    life    33    passive    temperatures    vast    cagr    2bn    8m    levelized    energies    created    combination    earth    64    clean    successfully    21    simultaneously    cooling    6m    company    46    global    2023    solution    roi    quantified    electricity    device    warming    fight    industry    closure    mix    reduce    helping    heat    reduces    environment    1bn    conditioning    installed    20    implementing    bos    valued    create    waste    radiation    31    lost    renewable    projected       competitive    modules    direct    2018    reducing    measurable    sun    80    capex    maximising    sources    energy    time    revenue    source    efficiencies    heatconv    capacity    accumulated    vehicles    profit    below    reuse    lifecycle    recycling    excess    abundant    maintenance    electric    improvement    transition    balance    market    disruptive   

Project "LightCatcher" data sheet

The following table provides information about the project.

Coordinator
HEATCONV S.L. 

Organization address
address: AVENIDA GREGORIO PECES-BARBA 1
city: LEGANES
postcode: 28015
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 Spain [ES]
 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 2019
 Duration (year-month-day) from 2019-08-01   to  2020-01-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    HEATCONV S.L. ES (LEGANES) coordinator 50˙000.00

Map

 Project objective

The optimisation of energy efficiency and the increase of renewable energies in the energy mix are key elements for the clean energy transition to fight global warming. Solar energy is the most abundant energy source on Earth and solar photovoltaics (PV) is the third most important renewable source in terms of global installed capacity. But PV energy conversion efficiency is below 20%, while 80% of the sun’s radiation energy is lost in form of waste heat. Furthermore, the heat excess on PV modules reduces their energy conversion efficiency and the high PV module temperatures under in real-life environment reduce the lifecycle of PV modules and increases maintenance cost. LightCatcher is a disruptive solution that simultaneously addresses PV energy efficiency and the problems created by waste heat in the solar PV industry: i) recycling of waste heat into electricity and ii) passive cooling of the PV device. The combination of both effects leads to solar-to-electricity efficiencies of up to 80%. By maximising electricity production and equipment lifecycle, while reducing CAPEX, maintenance cost, and ROI time LightCatcher will reduce PV levelized cost of energy in over 33%, helping the PV industry to become cost competitive against traditional energy sources. LightCatcher is highly scalable to find direct applications for the improvement of energy efficiency in a vast range of applications such as electric vehicles, air conditioning, or as a solution for cooling, and energy recovery and reuse in industry processes. LightCatcher addresses the global market for PV Balance of Systems (BOS) that was valued over €31.2bn in 2018 and is projected to reach €71.1bn by 2023, growing at a CAGR of 21.0% from 2018 to 2023. By successfully implementing the LightCatcher project, we expect to create a measurable impact on Heatconv quantified as increased accumulated revenue of €102.6m and profit of €64.8m, creating 55 FTE in our company with 20.46 ROI by year 5 after project closure.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "LIGHTCATCHER" project.

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

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