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 ProgrammeSME Institutions: Stimulating the innovation potential of SMEs for a low carbon and efficient energy system
Full project titleA reliable, efficient, flexible and cost effective vanadium-redox battery technology for large scale electricity storage: a novel solution for a green grid.
CoordinatorHydraRedox Iberia S.L.
Grant agreement nº 738654
Project start date1 December 2016
Duration24 months
Project cost, fundingEuro 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.
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Horizon 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).

More About Horizon 2020