Project acronym:AQUAGEN Grant Agreement no. 262315
Drafting date: 5-10-2010
SEVENTH FRAMEWORK PROGRAMME
FP7-SME-2010-1 Grant agreement for:
Research for SMEs
Annex I - “Description of Work”
PART A Project acronym: AquaGen Project full title: Development of cost effective power take off system for marine energy applications
Grant agreement no.: 262315 Version: Date of preparation of Annex I (latest version): Date of approval of Annex I by Commission:
10.0 5/10/2010 12/10/2010
A1 Project summary Abstract The group of SME participants in the AQUAGEN project aims to address a major market opportunity by developing a power take-off (PTO) system targeted at marine energy applications, enabling significantly improved reliability and efficiency of around 33%, and with a reduction of 25% in Operation and Maintenance costs, when compared with currently available solutions. Since it is a water-based PTO system, the risks of oil leaks in the ocean will also be fully eliminated. The system and components developed will have a broad range of applications, from wave energy, as the main application area, to water desalination and small hydro power generation, and will therefore benefit a European value chain of SMEs specialized in engineering and green energy generation. To achieve our objectives, we need to develop new scientific knowledge in: design of innovative system components such as a variable speed generator, an adaptive blade turbine, elastomeric structures and the overall hydraulic system; protective coatings for marine environments; modeling the ageing of elastomeric structures; and wireless controlled monitoring of offshore moving equipment. Due to the technical challenges of testing the system, there was a conscious decision to hold the activities of AQUAGEN during a 3 year period. Whilst the SMEs form a supply chain for the manufacture of the ultimate PTO system we have neither the facilities nor the resources to undertake the necessary R&D. The Research for SMEs funding instrument provides the ideal solution, allowing us to outsource the R&D to four RTD Performers – BHR, NTUA, UM and CMG. The Foreground Intellectual Property (FIP) generated in the AQUAGEN project will be owned and exploited by the SMEs, envisaging several market segments and a geographical distribution of non-exclusive licenses for markets outside Europe. The SMEs will benefit from sales and licensing of the FIP to profit €250million over a five year postproject period.
FP7-SME-2010-1
Page 1
Project acronym:AQUAGEN Grant Agreement no. 262315
Drafting date: 5-10-2010
A2 List of Beneficiaries
Beneficiary no. 1 (Coordinator) 2 3 4 5 6 7
Participant organisation name
Short name
Beneficiary Country Type
BHR BHR Group Limited IT Power Limited Dexa Wave Energy ApS National Technical University of Athens University of Minho Checkmate Flexible Engineering LLP Norsistemas
FP7-SME-2010-1
IT DX NTUA UM CMG NS
RTD SME SME RTD RTD RTD SME
UK
Date Entered Project 16/12/2010
UK Denmark Greece
16/12/2010 16/12/2010 16/12/2010
Portugal UK
16/12/2010 16/12/2010
Portugal
16/12/2010
Date exited Project
Page 2
157,415
Patent 100% ownership Sole license to DX for wavepower Own exploitation for other duties
Hydraulic system design
Adaptive blade turbine design
2
3
FP7-SME-2010-1
4
121,003
128,250
50% Joint Ownership with DX Sole license to DX for wavepower
Variable speed generator design
1
Patent and manufacturing methodology Joint ownership with DX, NS. Licensed to DX Exploitation only via DX Ownership in relation to funding contribution
99,859
Patent Ownership 100% Sole license to DX for wavepower
Elastomeric PTO system
Remuneration (€)
Type of Exploitation
(No)
Project result (description)
Project result
Participant No. 2 IT
221,839
Patent and manufacturing methodology Joint ownership with IT, NS. Sole exploitation by DX via license or sale with agreed royalties due to IT and NS. Ownership in relation to funding contribution
Page 7
192,396
69,058
99,859
Remuneration (€)
Sole Exploitation by DX for wavepower via sub-license or sale with agreed royalties due to IT
Sole Exploitation by DX for wavepower via sub-license or sale with agreed royalties due to IT 50% Joint Ownership with IT Sole Exploitation by DX for wavepower via sub-license or sale with agreed royalties due to IT
Type of Exploitation
Participant no 3 DX
Drafting date: 5-10-2010
A2.2 (NEF A5) The Project results including knowledge to be acquired by participants
Project acronym:AQUAGEN Grant Agreement no. 262315
Joint ownership with IT, DX License of EPTO condition monitoring technology to DX for wavepower Ownership in relation to funding contribution
Type of Exploitation
60,502
0
0
0
Remuneration (€)
Participant no. 7 NS
FP7-SME-2010-1
Total remunerations
1,579,046
610,510
0
Customised and marinised wireless monitoring system
7
Subtotal Remuneration
0
Integrated model of novel wave power generator
6
103,983
Protective Nanocoatings for elastomers for harsh environments
Joint ownership 50% with DX. Licensed to DX Exploitation only via DX
5
Project acronym:AQUAGEN Grant Agreement no. 262315
Page 8
Joint ownership 50% sole exploitation by DX via license or sale with agreed royalties due to IT Sole marketing rights and 100% ownership Sole right to license from NS for wavepower applications. Exploited by DX via License or sale with agreed royalties due to NS
Drafting date: 5-10-2010
861,567
38,019
136,412
103,983
Owned 100% Sole license to DX for wavepower. Own exploitation for any other applications
106,969
46,468
0
0