Title
Domestic Energy Storage - Second Life Batteries

CoPED ID
6a36a451-edf5-4036-a1b4-5d2d05237a00

Status
Closed


Value
£140,912

Start Date
March 1, 2015

End Date
March 30, 2016

Description

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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.

Powervault Ltd LEAD_ORG
Powervault Ltd PARTICIPANT_ORG

Joe Warren PM_PER
Joe Warren PM_PER

Subjects by relevance
  1. Distribution of electricity
  2. Warehousing
  3. Electricity
  4. Electrical power networks
  5. Renewable energy sources
  6. Households (organisations)
  7. Electrical devices
  8. Accumulators
  9. Batteries
  10. Electric vehicles

Extracted key phrases
  1. Domestic Energy Storage
  2. Second Life Batteries
  3. Powervault device
  4. Peak grid electricity demand
  5. Powervault system
  6. Battery storage technology
  7. Storage device
  8. Low cost electricity
  9. Energy storage
  10. Electricity network
  11. Household demand peak
  12. Storage solution
  13. Core storage product
  14. Electricity bill
  15. Potential solution

Related Pages

UKRI project entry

UK Project Locations