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POWERSTORE

MikroMasch Powerstore for renewables microgeneration: scaling up the next generation battery technology for residential and commercial energy storage systems

Total Cost €

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EC-Contrib. €

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Partnership

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 Outcomes and results

 POWERSTORE project word cloud

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

power    powerstore    core    store    microgeneration    energy    mix    market    li    electrodes    piloting    single    grid    capacity    14    prototypes    prevents    times    leader    wind    stations    supply    pilot    manufacturer    battery    foresee    entire    ion    charging    adopting    solutions    performance    ess    industry    leaving    potentially    currently    generation    microgenerated    start    scalable    enhances    prices    lower    lies    introducing    revenues    synthesizing    degradation    source    stores    owners    coating    consumers    technologies    operations    economical    electricity    building    investors    primary    justify    cycle    why    innovation    meager    first    attractive    estimates    enablers    commercial    ramp    alike    storage    off    clear    nanomaterials    falling    exceptional    pay    electrode    home    small    investment    billion    final    prepare    composite    successful    demand    vendors    optimisation    renewables    2024    lifetime    entry    business    million    conservative    coming    46    panels    realizing    solar   

Project "POWERSTORE" data sheet

The following table provides information about the project.

Coordinator		 MIKROMASCH EESTI OU 

Organization address
address: VEERENNI 44
city: TALLINN
postcode: 11313
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 Estonia [EE]
 Project website http://www.mikromasch.com
 Total cost 1˙848˙150 €
 EC max contribution 1˙293˙705 € (70%)
 Programme 1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy)
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-2-2016-2017
 Funding Scheme SME-2
 Starting year 2017
 Duration (year-month-day) from 2017-09-01   to  2019-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    MIKROMASCH EESTI OU EE (TALLINN) coordinator 1˙293˙705.00

Map

 Project objective

Currently, microgeneration is not an economical choice for most home- and business owners. Why? Because although the equipment costs are falling, the battery systems that are needed for using microgenerated power as the primary energy source offer only meager storage capacity at very high prices, leaving end consumers with 10 years before their small scale wind stations or solar panels start to pay off.

Energy storage systems (ESS) are the key enablers for adopting more renewables and demand-response grid solutions in the overall electricity supply mix. We are introducing the first ESS able to store enough energy to justify the investment in these solutions for home- and business owners.

With our exceptional 50 kWh energy storage capacity per single system at very low charging cycle cost, we are the clear industry leader in the up and coming ESS market – our next generation POWERSTORE stores 7 times more energy at 8 times lower lifetime cost compared to state of the art technologies.

ESS market is very attractive for investors and large Li-ion vendors alike, and is estimated to reach €14,6 billion by 2024. As our core innovation lies in the battery component level, the proposed technology is highly scalable and will potentially take the entire Li-ion industry to the next level of battery performance.

Our concept is based on synthesizing unique composite nanomaterials that we use for coating Li-ion battery electrodes. The coating enhances battery specific parameters and prevents capacity degradation. Building upon our successful Phase 1 project, within the Phase 2 we will focus on the final technical optimisation of our electrode coating technology, ramp up our operations to a pilot scale, and prepare for market entry by piloting our technology in commercial ESS prototypes in collaboration with a large Li-ion manufacturer. Based on conservative estimates, we foresee realizing €46,8 million in estimated revenues by 2024.

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

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