Home » The Trentino-based Ges has access to 53 million Ipcei Batteries 2 funds for research

The Trentino-based Ges has access to 53 million Ipcei Batteries 2 funds for research

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The Trentino-based Ges has access to 53 million Ipcei Batteries 2 funds for research

The challenge of new batteries for stationary applications starts from Italy. The SME Green Energy Storage (Ges) received from the European Union and the Italian Government, with the signing of the concession decree of the Ministry of Economic Development, access to funds for 53 million euros from the IPCEI Batterie 2 project, dedicated to research and development of innovative solutions along the entire battery value chain, for environmental sustainability. Ges, specialized in the battery sector with a 100% green technology, based on hydrogen with a hybrid gas / liquid technological platform, aims to give life to a new generation of non-toxic, safe accumulators that operate at high temperatures. environment and composed of readily available materials.

Capital increase

To complement the IPCEI contribution, Ges has approved a capital increase of 6 million euros also open to third parties, with a pre-money value of 40 million euros, which will remain available until July 2022 and which, to date, has already found answers in the subscriptions of current shareholders. Founded in Trento in 2015, Ges is the Italian answer to the existing acceleration of renewables, which needs to be supported through the spread of stationary use batteries.

Several patents in the assets

The company already boasts the filing of several patents, between 2021 and 2022, at the basis of a storage technology that will be worth a strategic positioning to Ges (and Italy) along the entire battery value chain. Ges intends to create a flux battery for stationary applications characterized by a density higher than the most performing models in the sector, with a useful life of 15/20 years and a Levelized Cost Of Storage more competitive than lithium technology, as well as having a composition chemical which, operating at room temperature, is not subject to overheating. Ges specifically proposes a disruptive architecture that evolves redox flow batteries (RFB – Redox Flow Batteries), exploiting the decoupling between power and energy to create accumulators of different sizes and contexts of use (which is not possible, however, for the classic lithium-ion battery pack).

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Hybrid system

However, compared to traditional RFB accumulators, the innovations developed by Ges add a higher energy density and address the critical problem of the supply of raw materials, both from a geopolitical and environmental point of view. a hybrid system consisting of hydrogen plus a patented liquid electrolyte: the battery self-produces the hydrogen necessary for a closed charge / discharge circuit. The management of hydrogen, self-produced by the battery through the charging cycle, will benefit from the drop in the cost curve thanks to the increasingly growing investments made globally. On the other hand, however, there is the only electrolyte which, in addition to halving production costs (and the quantity of raw material), is widely available at low cost in Europe, safe and environmentally friendly. In this way, Ges is able to decline the product on the market with a competitive price, exploiting economies of scale and guaranteeing a supply chain from the procurement of raw materials to the recycling phase, in accordance with the principles of the circular economy. .

The various phases of the project

The project to bring the GES technology to light is divided into R&D phases, during which the key components of the new battery (Electrolytes, Membranes, Electrodes, Catalysts and Product Digitization) and First Industrial Deployment (“FID”) will be developed , in which the optimization of the product will be completed and a first production facility will be created, with an initial release of the product on the market, prior to commercialization on an industrial scale. European Union, has already been launched in January 2021 and the first scientific results are such as to push Ges to accelerate investments to anticipate the timing of the go-to-market.Moreover, the company is open to welcoming new partners with skills and production capacity on an international scale that bring added value to the project. Among the planned investments, the first (and crucial) will be on the recruiting of talents and the contracting of spaces equipped for carrying out research activities. “The international scenario – comments Salvatore Pinto, President and founder of Ges – requires us to accelerate the energy transition, focusing on the development of renewable sources and stationary use batteries. Lithium-ion accumulators currently play a primary role, but present geopolitical and environmental criticalities. Ges intends to solve them with an innovative and sustainable technology, contributing, at the same time, to the economic and industrial revival of Italy ».

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