CORDIS Project
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Powervault focuses on providing affordable electricity storage solutions for homes, utilizing second-life electric vehicle batteries. Their approach aims to reduce costs and enhance the adoption of renewable energy, addressing challenges in the electricity distribution network.
Powervault aims to be the EU’s specialist provider of cost-effective distributed electricity storage for domestic homes, lowering electricity bills and allowing residents to seize the opportunities of the smart power revolution.
The EU's electricity networks face considerable challenges from decarbonisation - with microgeneration, electric vehicle penetration and renewable heat stressing local distribution networks which were not designed to take this load.
New technologies offering flexibility,…
POWERVAULT LTD
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