Objective
Low-grade waste heat (“LGWH”) is defined herein as being water of <120ºC, usually 80º-95ºC. Most power producers are making no use of their LGWH. The amount of waste heat produced worldwide every year is equivalent to 12 years of electricity consumption in the EU. There is currently no commercial solution to the LGWH problem. A commercial solution could have a global market of €440+ billion & reduce CO2 emissions by 700 million tonnes p.a. (c.2% decrease on 2014 levels). Up to 5,400 direct & indirect jobs could be created across Europe, and Europe’s energy security could be improved, as a result.
Exergyn, has developed a patented engine that runs on hot water (the “Exergyn Drive™”). It converts LGWH to mechanical or electrical power using nitinol.
Exergyn is at TRL 6, having spent 3+ years and €1.4m+ in cash to reach this point. This project will allow Exergyn to reach TRL9 and to be :
1. Ready to sell up to 35 x 10kW Exergyn Drives™ per month
2. Ready to produce 35 x 10kW Exergyn Drives™ per month
3. Internationally protected against competitors (via its IP portfolio)
Exergyn’s vision is to meaningfully reduce global carbon emissions via the profitable mass-deployment of its innovations. This project is thus perfectly aligned with the company’s strategy.
The Exergyn Drive™ converts the radiator heat from power plants into power. It is a highly disruptive technology. It can be produced at low-cost and can be sold profitably to a mass-market on a compelling commercial basis (3-year payback). Exergyn has spent 2+-man years researching its initial market – with 7,000+ biogas sites mapped across Europe. UK biogas is the initial target market because their plant runs 24/7, makes no use of its LGWH, and receives high feed-in tariffs for its electricity.
The closest competitor-technology (ORC) is mature technology and is not considered to be a commercial solution by players in the market
Exergyn has a very strong commercial, technical and financial team.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology environmental engineering energy and fuels renewable energy
- social sciences economics and business business and management employment
- natural sciences earth and related environmental sciences atmospheric sciences climatology climatic changes
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2 - SME instrument phase 2
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2014-2015
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
11 Dublin
Ireland
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.