Domestic Energy Storage - Second Life Batteries

Completed

Other Power and Storage Technologies(Energy storage)

Applied Research and Development

ENGINEERING AND TECHNOLOGY (Electrical and Electronic Engineering)

Not Cross-cutting

Project Contact
Powervault Ltd

Smart - Proof of Concept

Innovate UK

01 March 2015

31 March 2016

13 months

£70,456

London

Competition Call: 1411_SmartRd5 POC - Not Available. Activity SMART / Smart / Proof of Concept Rnd 5

Project Contact, Powervault Ltd

Powervault aims to be the UK s first specialist provider of cost-effective distributed energy storage solutions to domestic homes and SMEs, lowering consumers electricity bills whilst reducing peak grid electricity demand. The Powervault device can accommodate most battery storage technologies. Our background IP, for which we have patent applications in process, lies in the control and integration elements of the storage device and in its interface with the existing household electrical system. The device stores low cost electricity generated by solar panels during the day, then releases the stored energy during the evening when household demand peaks. Electricity network operators can remotely control the device via existing household Wi-Fi links ultimately allowing additional benefits to be derived from grid services. The UK's electricity networks face considerable challenges from decarbonisation - with microgeneration, electric vehicle penetration and renewable heat stressing distribution networks which were not designed to take this load. New technologies such as energy storage and demand side response offer potential solutions. Powervault has received support and recognition from many organisations: Technology Strategy Board; Shell Springboard; Royal Bank of Scotland Innovation Gateway; Prince's Trust; NESTA; National Physical Laboratory and Climate-KIC. Powervault recently set a record in cleantech crowdfunding, securing new investment in just eight hours on Crowdcube. Our core storage product has been developed and tested. This "proof of concept" project aims to evaluate the potential benefits of using second hand batteries in the Powervault system.

07/08/15