Objective
The reasoning which emerges the need for creating WindiBox is to effectively tackle the existence of limited wind turbine applicability for wind energy generation in buildings on a global scale. There is an obvious technological gap in the market, covering the exploitation of low speed air flows, especially in urban environments and areas where the dynamics of air are low and do not allow the installation of common wind turbines. According to the requirements imposed by the Energy Performance of Buildings Directive all new buildings must be nearly zero-energy by the end of 2020. All new public buildings must be nearly zero-energy by 2018.
The WindiBox device is comprised of a vertical axis wind turbine, enclosed inside a box-shaped, convergent-divergent casing (diffusers). This casing has been proven to augment the rotational speed of the wind turbine by a factor of at least 2.5 compared to a stand-alone turbine and additionally, enhancing its power output by at least 3 times. WindiBox size of 1m height – 2.5m width – 4m length offers power outputs ranging from 2700-3400kWh annually for wind speed 5m/s. The casing is also utilized to act as an environmental shield for minimal noise and vibration emissions since its extended surface area can be exploited for the addition of insulation. WindiBox overcomes the technological limitations of existing solutions in the market as well as the targeted milestones for CO2 emissions imposed by the European Union.
What differentiates WindiBox from the competition is that it offers an unparalleled cost-effective solution of ROI less than 4.5 years for 5m/s with exceptional performance characteristics, disrupting the existing market of renewables.
Our goal is to bring the WindiBox solution to market, after preparing an elaborate business plan. According to our initial plan, within 5 years from WindiBox commercialization, revenues will reach an annual total of approximately 19.2 million euros and net profits estimated at 30%.
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.
- social sciences economics and business business and management business models
- engineering and technology environmental engineering energy and fuels renewable energy wind energy
- natural sciences biological sciences ecology ecosystems
- natural sciences mathematics pure mathematics geometry
- engineering and technology mechanical engineering vehicle engineering aerospace engineering aeronautical engineering
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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.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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-1 - SME instrument phase 1
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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-EIC-SMEInst-2018-2020
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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.
2060 NICOSIA
Cyprus
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.