To algoWatt funding for development of energy storage solutions.
algoWatt Spa announced Monday that it has been awarded EUR275,000 in funding for activities as a digital energy solution provider and system integrator under the Thumbs Up project Thermal energy... |…
(Alliance News - Monday, algoWatt Spa was awarded EUR275,000 funding to support its activities as a system integrator and provider of digital energy solutions under Thumbs Up's Thumbs Up project. The Thumbs Up project is "Thermal Energy Storage SolUtions to optimally Manage BuiltS and Unlock their Grid balancing flexibility potential." To achieve high-performance results and contribute significantly to the development a sustainable EU economy, the Horizon Europe program funds the project. Thumbs up aims to create innovative technologies and utilize day-today thermal energy storage system with technology and weekly. These systems can be easily integrated into buildings to increase energy efficiency and to take advantage of the Power-to Heat paradigm to make buildings the primary players in the global energy grid's flexibility. Thumbs Up will encourage complementary digital innovations to maximize the use of know-how within the consortium structure. Veolia Servicios Lecam Sociedad Anonima Unipersonal coordinates the Thumbs Up project. It has a 48-month duration and invests approximately EUR7.6 millions. The funding amount is about EUR6.4 million. Giuseppe Fabio Ciccomascolo is senior Alliance News reporter. Comments and questions can be sent to EMAIL Copyright: 2023 Alliance News IS Italian Service Ltd.