Closed grant
Beneficiary Name: Alteneva Limited Liability Company
Project/Research Title: Development of a Modular Energy Storage System Using Second-Life Electric Vehicle Batteries
Contracted Grant Amount: HUF 85 024 760
Grant Rate (%): 70.88%
Project Description
Alteneva Ltd.’s mission is to launch innovative initiatives that create self-sustaining urban environments and communities where nature and people coexist in harmony. Our main focus areas include solar-powered buildings, energy communities, and micromobility. Since its establishment, Alteneva Ltd. has participated—directly or indirectly—in the implementation of four major domestic development projects in collaboration with multiple partners. The focus of these projects has primarily been the development of innovative solar products and related equipment, as well as the establishment and expansion of associated manufacturing capacities (GINOP-1.2.1-16-2017-00793, 2018-1.1.2-KFI-2018-00193, 2019-1.1.1-PIACI-KFI-2019-00323).
In our energy storage systems, we focus specifically on modular design, creating a highly configurable solution for both stationary and mobile applications. Our value proposition lies clearly in flexibility, allowing users to pay based on time or usage. Due to the system’s scalability, storage capacities and power levels can be expanded or reduced according to changing needs. By utilizing second-life batteries, the cost of our energy storage systems is expected to be significantly lower than typical market unit prices, substantially shortening the return-on-investment period within our service-based business model. The revenue generated from service fees is structured to ensure that each deployed unit can achieve a return on investment independently within approximately 2–3 years. Revenue from services is complemented by sales of small and medium-sized systems, providing our partners with a comprehensive, turnkey solution. Within our current project (2021-1.1.4-GYORSÍTÓSÁV-2022-00022), we have developed a demonstration system that serves as a solid foundation for a commercial solution capable of addressing the identified target market needs through a predictable, flexible, and scalable service-based business model that is particularly advantageous for the B2B sector.
For more information, please contact:
Alteneva Ltd.
Contact Person: Gábor Molnár
Phone: +36 70 417 9326
Email: gabor.molnar@alteneva.com
Website: https://www.alteneva.com/palyazatok
Awarded grant
Beneficiary Name: Alteneva Limited Liability Company
Project/Research Title: Development of a Modular Energy Storage System Using Second-Life Electric Vehicle Batteries
Contracted Grant Amount: HUF 85 024 760
Project Description
The various energy storage solutions represent one of today’s key research areas. Numerous technologies exist that utilize different principles to store electrical energy for later use. Our project, in line with the principles of the circular economy model, aims to develop a demonstrative energy storage system that ensures the conditions for the reuse of mass-produced electric vehicle batteries that have completed their first life cycle but still retain approximately 70–80% of their remaining lifespan before final recycling. This approach provides these batteries with several additional life cycles. We intend to demonstrate a textbook example of the circular economy model through the second-life reuse of electric vehicle batteries as electrical energy storage systems. Due to the continuously aging vehicle fleet, a significant number of batteries are expected to reach end-of-life within the next 3–5 years. Our goal is to develop an energy storage system and a related service-based business model capable of absorbing a substantial portion of these first-life-cycle batteries entering the market. The energy storage systems built from these repurposed battery modules will deliver tangible market value — in contrast to current industry practices, where removed battery packs are mostly stored unused in warehouses or employed in large-scale pilot storage farms primarily for PR purposes. Through our development, batteries will only be recycled when it is economically and environmentally justified, ensuring optimal material circularity and sustainable resource utilization.
In our energy storage systems, we focus specifically on modular design, creating a widely configurable solution suitable for both stationary and mobile applications. Our value proposition lies in flexibility, allowing users to pay based on time or usage. Due to the system’s scalability, storage capacity and performance can be expanded or reduced according to changing needs. By utilizing second-life batteries, the cost of our energy storage systems is expected to be significantly lower than typical market unit prices, which substantially shortens the payback period within our service-based business model. The revenue from service fees is structured so that each deployed unit can achieve a return on investment independently within approximately 2–3 years. This service-based revenue is further complemented by the sales of smaller and medium-sized systems, providing our partners with a comprehensive and integrated solution. The demonstration system developed during this project provides a solid foundation for the creation of a commercial solution capable of broadly addressing identified target market needs — all within a predictable, flexible, and well-structured service-based business model that is highly advantageous for the B2B sector.
Project Completion Date: 2024.04.30
Project Identification Number: 2021-1.1.4-GYORSÍTÓSÁV-2022-00022