Smart and reliable solid biofuel quality control solution
Acronym
OPTIFUEL
Description of the granted funding
The goal is to realize the global market opportunity related to a disruptive real-time solid biofuels quality control and optimization solution created, tested and proven by INRAY Ltd in cooperation with industrial anchor customers since 2009. The innovation enables biomass power plants to replace the current manual sampling method by real-time assessment and optimization of fuel handling and combustion, producing concrete value and savings both to a vast body of industrial customers and the society at large.
For the entire EU’s bioenergy production, the OPTIFUEL solution could produce 1.5 Billion Euros in annual savings and decrease greenhouse gas emissions by 0,5-3,0 Million tons. OPTIFUEL also enables more effective use of local low quality biofuels, which would increase EU’s self-sufficiency in biofuels. For a mid-size biomass power plant, OPTIFUEL produces up-to 1 Million Euros in annual savings.
Show moreStarting year
2016
End year
2018
Granted funding
INRAY OY LTD
1 137 713.5 €
Coordinator
INRAY TECHNOLOGIES SL (ES)
51 625 €
Third party
Amount granted
1 189 339 €
Funder
European Union
Funding instrument
SME instrument phase 2
Framework programme
Horizon 2020 Framework Programme
Call
Programme part
INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT) (5239 Mainstreaming SME support, especially through a dedicated instrument (5284 )
Energy (5352 )
Topic
Stimulating the innovation potential of SMEs for a low carbon and efficient energy system (SMEInst-09-2016-2017Call ID
H2020-SMEINST-2-2016-2017 Other information
Funding decision number
733664
Identified topics
biomass, bioeconomy