Post by account_disabled on Mar 14, 2024 3:44:23 GMT
With climate concerns rising, Europe is leading the global push for green energy. But while Europe has made great progress in harnessing wind and solar energy, the EU has a long way to go to achieve its renewable energy goals. This is why the association of the EU and Israel is born.
One of the many problems is that many EU countries today generate more clean energy than traditional energy networks can manage, which leads to an energy loss of approximately % in transit, according to a report from the Council of European Energy Regulators. Power surges generated by solar, wind, and other renewable sources can overwhelm and even shut down the overall electrical system.
Unlike oil or coal, renewable energy does not generate energy continuously. Instead, they are dependent on the vagaries of nature, which results in fluctuations in production: solar pla Caseno Email List nts, however, do not produce energy at night or in cloudy weather.
Traditional grids have not been designed to accommodate variable energy sources. Keeping the lights on throughout the day requires a delicate balancing act, but a special device called an inverter is needed just to feed renewable energy into the power grid.
Thanks to the EU's Horizon SME programme, a possible solution to these setbacks is on the horizon, which could help the EU continue to lead the war on climate change.
The program awarded million euros in grants to an association led by Synvertec, which is an Israeli startup that produces software that transforms renewable energy into a stable energy source where it is used by European countries.
The company's Synchronverter solution, which transforms inverters into grid-stabilizing devices, could help Europe reap the benefits of clean energy, without having to change every grid in existence or risk instability in its power supplies.
Leveraging Israeli innovation
Synvertec CEO Ronny Izhak comments that his team, led by Professor George Weiss, has understood the problems that arise in electrical networks and the essential solutions to address them since They also understood the delicate challenge of finding the market and the suitable partner, as well as seeing the best time to bring the product to the market.
When Synvertec was managing final preparations to activate its product in , the Horizon program offered just the right alignment of incentives to make a European launch the perfect first step.
Izhak says the company's most compelling selling point "is that we are doing most of the solutions through a software algorithm, without adding excess hardware to the project." For renewable energy projects and power grids already buckling under the pressure of excess capacity and suffering huge financial losses, the prospect of an almost entirely software-based solution to their costly hardware problems is a relief.
“Starting as a small Israeli startup, we needed to bring together a large number of European industrial partners. The consortium brought together several partners, including manufacturers capable of producing and using our product, along with others capable of distributing it in the broader European market,” adds Izhak.
The partnership comprises leading EU companies, such as Sulotronic and Q Technologies, and specialized Israeli innovators, such as CLP-OSEG, a joint venture between CLP Innovation Ventures (Israel) Limited , a wholly owned subsidiary of CLP Holdings Limited, and others such as (OSEG) .
As Germany and other EU countries invest in growing their renewable energy capacities, it doesn't matter how good the wind turbines or solar panels are , or how many of them are online, if there is no efficient and effective way to link These renewable energy systems waste energy on traditional electrical networks and the investment becomes counterproductive.
One of the many problems is that many EU countries today generate more clean energy than traditional energy networks can manage, which leads to an energy loss of approximately % in transit, according to a report from the Council of European Energy Regulators. Power surges generated by solar, wind, and other renewable sources can overwhelm and even shut down the overall electrical system.
Unlike oil or coal, renewable energy does not generate energy continuously. Instead, they are dependent on the vagaries of nature, which results in fluctuations in production: solar pla Caseno Email List nts, however, do not produce energy at night or in cloudy weather.
Traditional grids have not been designed to accommodate variable energy sources. Keeping the lights on throughout the day requires a delicate balancing act, but a special device called an inverter is needed just to feed renewable energy into the power grid.
Thanks to the EU's Horizon SME programme, a possible solution to these setbacks is on the horizon, which could help the EU continue to lead the war on climate change.
The program awarded million euros in grants to an association led by Synvertec, which is an Israeli startup that produces software that transforms renewable energy into a stable energy source where it is used by European countries.
The company's Synchronverter solution, which transforms inverters into grid-stabilizing devices, could help Europe reap the benefits of clean energy, without having to change every grid in existence or risk instability in its power supplies.
Leveraging Israeli innovation
Synvertec CEO Ronny Izhak comments that his team, led by Professor George Weiss, has understood the problems that arise in electrical networks and the essential solutions to address them since They also understood the delicate challenge of finding the market and the suitable partner, as well as seeing the best time to bring the product to the market.
When Synvertec was managing final preparations to activate its product in , the Horizon program offered just the right alignment of incentives to make a European launch the perfect first step.
Izhak says the company's most compelling selling point "is that we are doing most of the solutions through a software algorithm, without adding excess hardware to the project." For renewable energy projects and power grids already buckling under the pressure of excess capacity and suffering huge financial losses, the prospect of an almost entirely software-based solution to their costly hardware problems is a relief.
“Starting as a small Israeli startup, we needed to bring together a large number of European industrial partners. The consortium brought together several partners, including manufacturers capable of producing and using our product, along with others capable of distributing it in the broader European market,” adds Izhak.
The partnership comprises leading EU companies, such as Sulotronic and Q Technologies, and specialized Israeli innovators, such as CLP-OSEG, a joint venture between CLP Innovation Ventures (Israel) Limited , a wholly owned subsidiary of CLP Holdings Limited, and others such as (OSEG) .
As Germany and other EU countries invest in growing their renewable energy capacities, it doesn't matter how good the wind turbines or solar panels are , or how many of them are online, if there is no efficient and effective way to link These renewable energy systems waste energy on traditional electrical networks and the investment becomes counterproductive.