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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.

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

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.