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HEAT2VALUE SIGNED

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

Total Cost €

0

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.

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

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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