Report
Teaser, summary, work performed and final results
Periodic Reporting for period 1 - ECO STOCK (THE NEW ENVIRONMENTAL ENERGY STORAGE)
Teaser
The work leaded in order to develop EcoStock, a product that store thermal waste energy. All the work package have been completed (partner search, commercial strategy, Value stream analysis, industrial and services strategy, and IPR strategy)Eco-Tech Ceram (ETC) is a French...
Summary
The work leaded in order to develop EcoStock, a product that store thermal waste energy.
All the work package have been completed (partner search, commercial strategy, Value stream analysis, industrial and services strategy, and IPR strategy)
Eco-Tech Ceram (ETC) is a French start-up, created in 2014, aims at developing new modular heat storage solutions using ecoefficient materials.
In 03/2016, the innovative company won a SME Instrument Phase I with the project ECO STOCK (EcoStock - The new environmental energy storage - 718316).
The objective of the feasibility study for Eco-Tech Ceram was to measure the potential of the EcoStock’s technology in terms of technology, business opportunities and commercialisation. The subsidy awarded by the European commission has given us the possibility to:
• Define the industrialisation strategy;
• Develop our expert network;
• Perform a complete market study;
• Identify new business opportunities…
Work performed
During our 6 months project we developed a strategic plan in order to launch EcoStock’s solution and reach new business opportunities.
Considering that there is a significant market interest in EcoStock’s solution, defining a strategic plan is a key point for the development of the company and extremely important to reach the market and start selling the new solution.
However, the novelty of our technology forces us to gain trust from our potential customers and end-users by proving them its efficiency.
After defining those points, we have elaborated a strategic plan by:
1) Positioning the solutions within business opportunities identified;
2) Identifying goals and objectives to reach industrialisation steps;
3) Setting-up the actions to implement our strategic plan.
The achievement of SME Instrument phase I gave us the possibility of establishing a proof of concept according market’s needs for industrialisation and a market validation to better analyse the impact of its devices on its customers and on its commercial development.
Final results
The work has been leaded in order to establish the business development of EcoStock which represents:
• Turnover in 2019: 6 213 458 €
• Gross margins total in 2019: 1 743 859 €
• Recruitment in 2019: 25 pers. in total
After the SME1 program, the EcoStock developments reach a higher level of TRL 7 because its demonstration in a particular market segment. EcoStock is expected to reach of level of TRL 9 with a product adapted to the business opportunities identified, at the end of the industrialisation plan for the next 3 years.