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SmartCharge SIGNED

SmartCharge: Smart integrated circuits for advanced battery management

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

SmartCharge project word cloud

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

energy local 325 stacks balancing stream strategic cells commercialization libal introduction unmatched asic company cell 50 lithium innovation pack gross maturation their bms ev ramp larger post master mn wiring disruptive unquestionably powerline exist communication hereto reduce manufacturers representing adoption opening remaining barriers yielding stands full circuit business prepared positions opportunity hybrid ramping summing endurance 63 vehicles 15 offers efficient playing alternatives accelerate market nonetheless electric icab partnering reliability profits mobility gt slave monitored create additional chain communications consolidate gaps monitoring complexity bottlenecks revenue performance safety reducing muscle bridge minimize capacity optimizing protected patent lower battery capture

Project "SmartCharge" data sheet

The following table provides information about the project.

Coordinator	Lithium Balance A/S Organization address address: Hassellunden 13 city: SMORUM postcode: 2765 website: www.lithiumbalance.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	Denmark [DK]
Project website	https://www.lithiumbalance.com/en/
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.3.4. (SOCIETAL CHALLENGES - Smart, Green And Integrated Transport) 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-1-2016-2017
Funding Scheme	SME-1
Starting year	2018
Duration (year-month-day)	from 2018-03-01 to 2018-07-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	Lithium Balance A/S Lithium Balance A/S Organization address address: Hassellunden 13 city: SMORUM postcode: 2765 website: www.lithiumbalance.com contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DK (SMORUM)	coordinator	50˙000.00

Map

Project objective

Electric vehicles (EV) are unquestionably the future of mobility, with numerous initiatives to accelerate its adoption. Nonetheless, technical gaps still exist on EV usage – several of them relating with battery capacity, cost, performance and safety concerns, which create several barriers for EV wider market uptake. Hereto, Battery Management Systems (BMS) have been playing a key role in optimizing the use of continuously larger battery stacks with improved endurance, performance and reliability, typically representing around 15% of the overall battery cost. Hereto, reducing their cost and improving their performance is key to minimize the battery-related bottlenecks for wide EV adoption.

LiBAL has developed a novel Integrated Circuit for Advanced Battery Management (ICAB). ICAB is an ASIC-based integrated circuit to be deployed as a local monitoring unit within large BMS. ICAB offers several disruptive features, including 1) an unmatched cost per monitored lithium cell (>50% lower than alternatives from major manufacturers), 2) enabling more efficient energy balancing across cells in the battery pack without ramping overall costs, through a unique, patent-protected hybrid balancing method and 3) is prepared to reduce the complexity of master/slave communication wiring through powerline communications.

To bridge the remaining steps towards full scale commercialization of ICAB, LiBAL has not only to widely demonstrate it in full scale but also to consolidate our strategic partnering throughout the EV value chain to ensure enough muscle for ICAB’s production ramp-up. The to-market maturation of ICAB within the present innovation project represents a strategic opportunity yielding a very large business potential for our company – opening a potential revenue stream summing up to over €325 mn over the 5-years post market introduction, from which LiBAL stands to capture over €63 mn as additional gross profits, while creating 50 new positions at our company.

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