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Teraloop EES SIGNED

A scalable and sustainable grid-scale energy storage system utilising 3rd generation flywheel technology for effective integration of renewable energy.

Total Cost €

EC-Contrib. €

Partnership

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Teraloop EES project word cloud

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

pumped load sources market markets hydroelectric global magnetic arbitrage environmental levitation peak regulation 2016 storage voltage flywheel electrical kinetic energy fundamental upfront batteries ineffective minimal motors innovatively environmentally projected 2025 teraloop grids provides visual suitable created renewable meet underutilisation frequency proven enabler gw savings huge 21 geographically brushless congestion networks scalability phs grow deployment grid technologies ees shaving demands limited footprint upgrade relief accounts deferral impactful 98 solutions configured draws scalable 1

Project "Teraloop EES" data sheet

The following table provides information about the project.

Coordinator	TERALOOP OY Organization address address: MAARINTIE 6 city: ESPOO postcode: 2150 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	Finland [FI]
Total cost	3˙465˙625 €
EC max contribution	2˙425˙937 € (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-2018-2020-2
Funding Scheme	SME-2
Starting year	2019
Duration (year-month-day)	from 2019-05-01 to 2021-04-30

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	TERALOOP OY TERALOOP OY Organization address address: MAARINTIE 6 city: ESPOO postcode: 2150 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.	FI (ESPOO)	coordinator	2˙425˙937.00

Map

Project objective

Electrical energy storage (EES) is a fundamental enabler to the deployment of renewable energy and provides cost-savings in other markets. The market is projected to grow from 1.1 GW in 2016 to 21.6 GW in 2025. Pumped hydroelectric storage (PHS) accounts for 98% of global energy storage, however they are geographically limited, environmentally impactful and require huge upfront costs. Other state-of-the-art solutions available in the market i.e. batteries for EES cannot scale-up to meet the demands on the electrical grids and networks. This results in an underutilisation or ineffective use of renewable energy sources. Teraloop has created a highly scalable, kinetic energy storage system, which draws upon proven technologies (flywheel energy storage, magnetic levitation and brushless motors.), innovatively configured for grid-scale storage with minimal visual and environmental footprint. The scalability of the system makes it suitable for a range of applications such as voltage support, frequency regulation, peak shaving, T&D upgrade deferral & congestion relief, load following and arbitrage.

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