EU Grants €4.3 Mn for an Innovative Solar Energy Technology Research

By Nikita Chaurasia  Date: 2020-10-07

EU Grants €4.3 Mn for an Innovative Solar Energy Technology Research

For the past few years, a specifically designed molecule and an energy system with exclusive abilities for capturing and storing solar power have been developed by a researcher’s group from the Chalmers University of Technology in Sweden. An EU project which is led by Chalmers will create prototypes of the new technology for large scale applications like heating systems in residentials.  EU has granted 4.3 million Euros for the project.

To use solar energy to its fullest, they need to be able to store and release it on demand. Researchers from the Chalmers University of Technology have shown in several scientific articles over the past few years that how their uniquely designed molecule and solar energy system, called Molecular Solar Thermal Energy Storage System (MOST) can deliver a solution to that challenge and turn out to be an important tool in the transformation to fossil-free energy.

The technology has developed great interest globally. With the MOST system, solar energy can be captured and stored for around eighteen years. It can be conveyed without any major losses and then released whenever and wherever needed. The results achieved by the researchers in the lab are clear, but more experience is needed now to observe how MOST can be utilized in real applications and on a large scale.

Kasper Moth-Poulsen is the research leader and professor at Chalmers’ Chemistry and Chemical Engineering Department and the project coordinator. He stated that the EU project’s goal is to create prototypes of MOST technology to validate the potential for large scale production and enhance the system’s functionality.

In the project, the technology will be developed to become less expensive, more efficient, and greener, further moving towards products that can be utilized for real applications. Strong research teams from universities and institutes in Denmark, Germany, Sweden, and the United Kingdom will come together.

Kasper Moth-Poulsen claimed that with the funding from the EU, the development the researcher can do in the MOST project can lead to new emission-free and solar-driven solutions for heating in industrial and residential applications. He confirmed that the project is heading into a very crucial and exciting phase.

 

Source: https://news.cision.com/chalmers/r/groundbreaking-research-into-solar-energy-technology-develops-through-new-eu-project,c3209489

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Google fined USD 177 Mn by South Korea over anti-competitive practices

Google fined USD 177 Mn by South Korea over anti-competitive practices

By Nikita Chaurasia

The fine is considered to be the ninth-biggest by the regulator to date. It was announced when South Korea’s Telecommunications Business Act, popularly known as “anti-Google law” came into effect.  South Korea’s Kore...

England to become the first country to require EV chargers in new homes

England to become the first country to require EV chargers in new homes

By Nikita Chaurasia

Even the commercial establishments will be required to include EV chargers. The news echoes on U.K.’s efforts to achieve net-zero greenhouse gas emissions by 2050. The British government is expected to introduce a new law in 2021 which wi...

BMW places battery order worth USD 23.8 billion amid rising EV demand

BMW places battery order worth USD 23.8 billion amid rising EV demand

By Nikita Chaurasia

The automaker is planning to use these batteries in its upcoming EVs. BMW had previously signed various battery cell contracts worth USD 14.2 billion. Bayerische Motoren Werke (BMW) AG has increased the orders for battery cells owing to the risi...

TotalEnergies and Iraq ink USD 27 billion oil, gas, solar agreement

TotalEnergies and Iraq ink USD 27 billion oil, gas, solar agreement

By Nikita Chaurasia

French multinational energy company TotalEnergies SE has reportedly signed a USD 27 billion contract for investing in oil, gas, and solar energy production in Iraq. Iraq’s oil minister Ihsan Ismail and Chief Executive Officer of TotalEnergies,...

Fintech startup Skeps secures USD 9.5 million in a Series A funding

Fintech startup Skeps secures USD 9.5 million in a Series A funding

By Nikita Chaurasia

PoS fintech firm Skeps has recently raised USD 9.5 million in a Series A investment round led by Bertelsmann India Investments. The round also saw the participation of existing investor Accel. The new funds will be used to expand the sales, engineer...