Explore the words cloud of the Teraloop EES project. It provides you a very rough idea of what is the project "Teraloop EES" about.
The following table provides information about the project.
Coordinator |
TERALOOP OY
Organization address contact info |
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 |
Take a look of project's partnership.
# | ||||
---|---|---|---|---|
1 | TERALOOP OY | FI (ESPOO) | coordinator | 2˙425˙937.00 |
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.
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