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Funding period

Showing all data for 2014–2021

Business Development, Innovation and SMEs Completed

Low-temperature energy storage using ammonia-water refrigeration cycle

Pro M Consulting Ltd. ·Bulgaria

€37k
Grant awarded
Business Development, Innovation and SMEs
Programme
28 September 2022
Signed

About this project

<p>Established in 2018, Pro M Consulting EOOD has emerged as a pivotal player in the field of chemistry and chemical engineering. The company is at the forefront of addressing a critical challenge in the realm of renewable energy: the intermittent nature of wind and solar power generation. While various technologies have been proposed to tackle this issue, ranging from Li-ion batteries and compressed energy storage to pumped hydro and supercapacitors, a universally effective solution remains elusive.</p> <p>Recognizing the pressing need for a breakthrough, Pro M Consulting Ltd. has embarked on a mission to pioneer a prototype capable of storing "green" energy in the form of temperature differences. The company has devised an ingenious method for converting green electricity into cold energy, which can be stored over extended periods and harnessed for cooling applications during periods when green electricity is unavailable. Furthermore, this stored cold energy can be utilized for electricity generation if waste heat exceeding ambient temperature is accessible, such as in industrial settings or from geothermal sources.</p> <p>The heart of this process lies in the well-established ammonia-water refrigeration cycle, which leverages external heat as an energy source to produce a cooling effect. Pro M Consulting EOOD is poised to make a significant impact in the realm of renewable energy storage, introducing innovative solutions that align with the quest for a sustainable and resilient energy future.</p>