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HEAT2VALUE SIGNED

Increased energy efficiency, flexibility and reduction of green-house gases using thermal battery

Total Cost €

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EC-Contrib. €

0

Partnership

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 HEAT2VALUE project word cloud

Explore the words cloud of the HEAT2VALUE project. It provides you a very rough idea of what is the project "HEAT2VALUE" about.

intensive    trust    ntnu    business    fabrication    recovered    gl    medium    engineering    spain    p    kiln    supply    cumulative    ghg    2040    czech    cooling    demonstration    hence    combustion    largely    mechanics    local    heating    flexibility    activate    germany    plant    environmental    formerly    modules    establishing    relies    norway    savings    500    otherwise    senior    form    unlocks    founded    million    solution    billion    familiarize    temperature    battery    waste    grade    heat    2020    market    stored    steel    sectors    consumption    2011    customers    industries    industrial    demand    irrs    emissions    romania    chain    vast    dnv    40    president    types    co2    storing    thermal    reducing    discharged    electricity    innovation    patented    services    quantities    prefabrication    storage    aring    power    professor    manufacturing    performance    breakthrough    steam    energynest    bergan    energy    expert    benefits    plants    renowned    district    republic    vice    efficiency    prof    structural    emit    tons    overlooked    netherlands    fuel   

Project "HEAT2VALUE" data sheet

The following table provides information about the project.

Coordinator		 ENERGYNEST AS 

Organization address
address: OLAV BRUNBORGS VEI 6
city: BILLINGSTAD
postcode: 1396
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 Norway [NO]
 Total cost 2˙050˙500 €
 EC max contribution 1˙435˙350 € (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 2019-12-01   to  2021-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ENERGYNEST AS NO (BILLINGSTAD) coordinator 1˙435˙350.00

Map

 Project objective

EnergyNest has developed a breakthrough Thermal Battery solution that enables a step-change in improved efficiency, flexibility, and environmental performance for the power and industrial manufacturing sectors. By storing energy in the form of heat rather than electricity our technology unlocks a vast new market that has so far been largely overlooked. Energy-intensive industries and several types of thermal power plants emit large quantities of high-temperature heat. Recovered, stored and discharged upon demand high-grade heat can be used to produce high-value energy in the form of electricity, process steam/heat, district heating and even cooling which would otherwise have to be produced from fuel combustion, hence reducing fuel consumption and GHG emissions. The potential cumulative CO2 savings for these sectors is greater than 500 million tons between 2020-2040. Our solution offer strong business cases with IRRs in the range of 20–40% in a market estimated to be greater than 7 billion € per year in Europe.

The objective of this project is to demonstrate the EnergyNest Thermal Battery system at a plant where waste-heat from a kiln will be recovered, stored and used to supply steam, thus reducing fuel consumption within the plant. The demonstration will familiarize our future customers to the Thermal Battery, establishing trust in its performance, benefits and our capabilities. The Thermal Battery innovation relies on a patented system design using an unique concrete-like storage medium. The project will activate an European supply chain, with steel fabrication in The Czech Republic/Romania, concrete fabrication in Germany, prefabrication of Thermal Battery Modules in the Netherlands, and local engineering services in Norway and Spain.

EnergyNest was founded in 2011 by prof. Pål Bergan, a renowned structural mechanics expert formerly professor at NTNU and Senior Vice President at DNV GL.

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The information about "HEAT2VALUE" are provided by the European Opendata Portal: CORDIS opendata.

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