Summary
- Profile Type
- Business Offer
- POD Reference
- BOCY20240129002
- Term of Validity
- 29 January 2024 - 28 January 2025
- Company's Country
- Cyprus
- Type of partnership
- Commercial agreementInvestment agreementOutsourcing agreement
- Targeted Countries
- All countries
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General information
- Short Summary
- A state-of-the-art latent heat thermal energy storage system is designed to harness excess electricity generated from renewable sources during daylight hours. This stored energy is then efficiently deployed at night, ensuring a continuous supply of eco-friendly electricity. In addition to its primary function, it adeptly provides water heated to 65°C. This hot water can be employed in a wide range applications.
- Full Description
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Description *
(100-4000 characters) This technology is a cutting-edge thermal storage solution aiming to disrupt the pressing need for energy storage solutions for the future of electricity generation mix with high proportion of Variable Renewable Energy (VRE) Sources. It falls under the category of long duration energy storage which is the sole solution addressing the need to operate across varying duration levels ranging from short-term, intra-day to longer storage demands of a few days. The technology’s unique selling proposition lies in its distinctive features including modularity, scalability, augmented efficiencies, and capable for both grid-connected and off-grid applications. Utilizing the international orientation of the SME and presence in the RES market for more than 17 years ensures that the technology is strategically positioned for an effective market entry, with a pipeline of more than 44MWh of Solar PV parks with storage. - Advantages and Innovations
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Advantages and Innovations *
(50-2000 characters) A Disruptive Latent Heat Thermal Energy Storage providing electricity 24/7 via an Innovative Stirling Engine. The technology represents a groundbreaking advancement in the field of renewable energy storage and utilization.
At the heart of this system lies a Stirling engine, renowned for its unprecedented efficiency in electricity generation.
In addition to its primary function, it adeptly provides water heated to 65°C. and can be employed in a wide range of applications including district heating, pre-heating processes, or even in desalination projects, demonstrating the system's versatile utility.
Moreover, the technology doubles as a combined heat and power (CHP) system, offering a multifaceted solution to meet diverse energy needs. The use of aluminium alloy as the storage material not only enhances the system's performance but also aligns with the principles of the circular economy, underlining the system's commitment to environmental sustainability.
Financially, the technology stands out with its competitive Levelized Cost of Electricity (LCOE) at €93 per MWh. Furthermore, its robust design ensures a reliable standalone operation of 13 hours, with no degradation in performance for an impressive span of 25 years.
This longevity and efficiency position the technology as a leading choice for sustainable, cost-effective energy solutions in the modern era of energy mix comprised with a high proportion of variable renewable energy sources. - Stage of Development
- Available for demonstration
- Sustainable Development Goals
- Goal 7: Affordable and Clean Energy
Partner Sought
- Expected Role of a Partner
- A Business agreement is sought
- Type and Size of Partner
- Big companySME 11-49SME 50 - 249
- Type of partnership
- Commercial agreementInvestment agreementOutsourcing agreement
Dissemination
- Technology keywords
- 04001003 - Storage of electricity, batteries04001004 - Transmission of electricity
- Market keywords
- 006005001 - Solar energy006005002 - Photovoltaic solar06003002 - Photovoltaics06008 - Energy Storage06006003 - Heat recovery
- Sector Groups Involved
- Renewable Energy
- Targeted countries
- All countries