This project has received funding from the European Union under the Horizon 2020 research and innovation programme – grant agreement No 738654
| Project name | VR Energy |
| Horizon 2020 Programme | SME Institutions: Stimulating the innovation potential of SMEs for a low carbon and efficient energy system |
| Full project title | A reliable, efficient, flexible and cost effective vanadium-redox battery technology for large scale electricity storage: a novel solution for a green grid. |
| Coordinator | HydraRedox Iberia S.L. |
| Grant agreement nº | 738654 |
| Project start date | 1 December 2016 |
| Duration | 24 months |
| Project cost, funding | Euro 2.39M, Euro 1.67M |
Hydraredox Iberia S.L.
Is a Spanish SME which was formed to develop, manufacture and commercialize large-scale electrochemical energy storage systems based on a proprietary novel approach to vanadium redox technology. Hydraredox Iberianhas already brought the technology to TRL7 with a 5kW/15kWh demonstration plant which was certified. The company is now working on scaling up the technology through the VR-ENERGY project funded by the EU.
More About HydraredoxHorizon 2020
About Horizon 2020 and SME Instrument: Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly € 80 billion of funding available over 7 years (2014 to 2020). It promises breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market. Horizon 2020 funds high-potential innovation through a dedicated SME instrument which supports SMEs with a clear commercial ambition and a potential for high growth and internationalization. The instrument provides full-cycle business innovation support from the stage of business idea conception and planning (phase I) over business plan execution and demonstration (phase II) to commercialization (phase III).