Management Innovation, Partner of Green Energy Storage (GES), has played an essential role in the preparation of the proposal GREENERNET to “Fast Track to Innovation” Tender of the European Commission.
The value of the project is just over 2 M € divided among five partners:
Green Energy Storage (leader)
Università di Roma Tor Vergata
Engineering Ingegneria Informatica
Aarhus University (Denmark)
EvoPro Group (Hungary)
and sees as subcontractors the Bruno Kessler Foundation in Trento, the Industrie De Nora, CertiQuality and, indeed, Management Innovation as a subcontractor of Engineering.
The GREENERNET project will develop a new highly innovative organic redox flow battery, integrated in an optimized microgrid infrastructure operated by an intelligent Energy Management System.
The redox flow battery is a promising technology for both medium and large-scale renewable and grid energy storage, but is limited by its high price, low energy density and poor stability of the electrolyte solutions (e.g. vanadium, zinc).
Starting form an internally developed prototype of an energy storage system (ESS) of 1kW based on new organic AQDS (anthraquinone di-sulphonate), we will enhance and scale up this prototype flow battery into an innovative cheap (< €150 /kWh) and safe 10 kW ESS, integrated in a smart microgrid for distributed energy applications, with a significant improvement over the existing technology.
We are focusing on the distributed storage and renewables integration for residential and communities’ micrograms that represent a large market in Europe, that is estimated to grow with a CAGR of 35% from $ 0.7 billion in 2014 to $ 4.2 billion in 2020.
The innovation of this action is twofold:
Develop and commercialize a storage system module of 10 kW, 40 kWh based on a breakthrough technology, originally developed by Harvard University and implemented in the 1kW battery prototype by GES and UTV, that relies on the electrochemistry of naturally abundant, inexpensive, small organic (carbon-based) molecules called quinones, which are similar to molecules that store energy in plants and animals.
Develop an innovative Microgrid Management Platform to optimize the use of the AQDS flow battery, able to monitor microgrid components (loads, energy sources, storage) and to continuously perform a multi-objective optimisation of the energy flows between them and the Power Distribution Grid whose requests will be taken into account by dynamically adhering to Demand Response programs.
The Consortium revenue target is to reach € 70m by 2020 with a market share of 2%.
The proposal, submitted at the end of November 2015, was approved by the European Commission o 4th March with a very high score (13.34/15) without any budget cut than required.
