Integrated Battery and Energy Management System for Second-Life Battery energy storage

Octave aims to commercialize its advanced second-life battery energy storage system by enhancing its technology readiness and market strategy through innovative management and predictive maintenance solutions.

Subsidie
€ 1.012.375
2022

Projectdetails

Introduction

Octave’s product consists of a second-life battery energy storage system equipped with Octave’s cutting-edge battery and energy management technology. The novel technology relies on a deep integration of the battery management system and the energy management system.

Technology Overview

It makes the raw battery cell measurements available for optimisation of the battery system’s charging strategy. The data are sent to Octave’s battery cloud, where it is used in advanced machine learning methods and digital twins of the cells are created to extract useful insights.

Benefits

This innovative technology opens up a range of improvements in the operation of the system, such as:

  • Optimal control
  • Extended lifetime
  • Improved monitoring
  • Predictive maintenance

It is particularly useful for second-life battery storage.

Project Goal

The goal of this project is to bring Octave’s product to the market by lifting the technological readiness from TRL 5 to 8 and prepare the go-to-market via the blended finance modality.

Financiële details & Tijdlijn

Financiële details

Subsidiebedrag€ 1.012.375
Totale projectbegroting€ 1.446.250

Tijdlijn

Startdatum1-12-2022
Einddatum30-4-2025
Subsidiejaar2022

Partners & Locaties

Projectpartners

  • OCTAVEpenvoerder

Land(en)

Belgium

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