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DESSART

Dynamic Energy System Services to Achieve Renewable Targets

Total Cost €

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EC-Contrib. €

0

Partnership

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 DESSART project word cloud

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

security    commercialisation    transitioning    stability    generation    roll    opportunity       fund    2012    schwungrad    formula1    project    flywheel    27    successful    facility    annual    interconnection    worldwide    first    flywheels    commercial    there    countries    synergising    expanding    12    unpredictable    time    investors    services    expertise    solar    batteries    renewable    payment    ing    rapid    winds    expressed    ireland    weak    operator    resounding    forecast    niche    provision    maccsol    operate    successfully    equity    acceleration    carbon    decoupled    hybrid    electricity    international    powered    compound    wind    sources    additional    managerial    generators    innovative    2020    considerable    involvement    relatively    energie    structure    replication    energy    ideal    fp7    facilities    financial    plans    positive    company    irish    location    racing    penetration    rate    motor    expand    billion    balancing    intermittent    market    technologies    storage    proven    small    realise   

Project "DESSART" data sheet

The following table provides information about the project.

Coordinator
SCHWUNDGRAD ENERGIE LIMITED 

Organization address
address: 40 UPPER MOUNT STREET
city: Dublin 2
postcode: 0
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 Ireland [IE]
 Project website http://schwungrad-energie.com/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy)
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2014
 Funding Scheme SME-1
 Starting year 2015
 Duration (year-month-day) from 2015-03-01   to  2015-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SCHWUNDGRAD ENERGIE LIMITED IE (Dublin 2) coordinator 50˙000.00

Map

 Project objective

There is a niche opportunity in the electricity market across Europe for the provision of additional system/balancing services, decoupled from electricity generation, resulting from the rise in renewable generation. The innovative and unique approach is the development of hybrid-powered flywheels, synergising two proven technologies, flywheels and batteries and application to the electricity system for the first time, to provide security and stability. Hybrid-powered flywheels are resounding success in Formula1 motor racing for rapid acceleration. Schwungrad Energie plans to exploit the concept to enhance system security and stability. The advanced energy storage technology market is forecast to expand at a Compound Annual Growth Rate of 12.3% to €27 billion between 2012 and 2020. European countries are aiming to achieve low carbon energy systems by transitioning to renewable sources, to realise their European targets. This requires a higher penetration of intermittent, unpredictable generators (wind/solar). In Ireland, with high winds and relatively weak interconnection, the System Operator has proposed a new payment structure for additional system/balancing services, expanding the market. This makes Ireland an ideal location for the first hybrid-powered flywheel facility before market replication throughout Europe and worldwide as renewable penetration increases in other countries.

Schwungrad Energie, an Irish company, was set up to successfully develop, operate and roll out facilities to provide system/balancing services in the electricity sector. The key personnel have expertise and experience in the technical, commercial, managerial and financial areas needed for project success and commercialisation within EU and beyond. Some have previous involvement with successful FP7 projects such as MACCSol. Discussion with a small number of potential key international equity investors are on-going and considerable positive interest has been expressed to fund the project

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

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