SOcool Project on SunOyster Cooling to Receive EU Grant

    HAMBURG, GERMANY, June 24, 2016 /24-7PressRelease/ -- SunOyster Systems GmbH (SOS), the Hamburg-based manufacturer of the CPVT system SunOyster, is among the few German companies to pass the evaluation phase of the new SME instrument of the European Commission.

The EU instrument offers a 70 per cent funding for small and medium enterprises - in particular YICs (Young Innovative Companies) like SOS - to realize their project in the topic "Stimulating the innovation potential of SMEs for a low carbon and efficient energy system". While during the first phase the company shall prepare a detailed feasibility study, the second phase offers up to 2.5 MEUR grants to implement the business plan. The success rate of German SMEs in this program is well below 10%, for start-ups like SOS even lower.

Increasing demand for air conditioning with worldwide more than 100 million units of compression air conditioners sold alone in 2014 has led to dramatic growth in electricity demand in many countries, to increasing electricity costs and brownouts. An obvious possibility to counter this trend is to use the same energy for cooling that contributes to the cooling demand - solar energy.

The objective of the SOcool Project is to use a concentrating photovoltaic/thermal (CPVT) system - the SunOyster - combined with chillers to provide the most cost-efficient solar energy on the market in form of electricity, heat and cold. This shall help achieving the 2K target of the Paris Convention while enhancing the living standard in rather hot climates, also as an adaptation strategy to global warming.

The SunOyster is a concentrating solar technology which can generate at the same time electricity and heat with a high total energy efficiency of 75%. From serial production, this will result in very low electricity and heat costs. While the electricity can easily be converted into other forms of energy and can be fed into the grid, the heat is more difficult to convert and has to be used locally. A technically, micro-economically and macro-economically very good form of using the heat in hot climates is converting it into cold for the cooling of buildings.

The biggest markets will be Southern Europe (Spain, Southern France, Italy, Greece and Turkey), Northern and Southern Africa, the Gulf region, India, South-East Asia, parts of China, Southern USA, parts of Middle and South America.

The preparation of the project application was accompanied by Dr. Harald Eifert and his Hamburg team of EuRA Consult AG. The feasibility study shall draw on the experience of French solar cooling expert Dr. Daniel Mugnier who is also heading the IEA Solar Heating and Cooling Task 53 on innovative solar cooling systems. Several SunOyster customers have already ordered small solar cooling systems or are in the process of doing so.

Looking at small scale solutions, one SunOyster can cool up to four houses, one house by using the heat generation and a thermal chiller, and three more by using the electricity generation.

Please do not hesitate to contact us should you have any questions, require more detailed information or more pictures and graphics.

Postal Address and Presscontact: (start-up, no separate PR-unit yet)

SunOyster Systems GmbH
Poststr. 46
25469 Halstenbek
Germany

Phone +49 4101 808767
Fax +49 4101 587853
Mobile +49 170 8069281
Handelsregister HRB 9459 PI
Geschäftsführer Dr. Carsten Corino
Mail: [email protected]
Website: http://www.sunoyster.com

SunOyster Systems GmbH was - based on elder preparatory developments going back to 2007 - founded in 2011 to develop the SunOyster Technology to serial maturity. In mid-2012, the company was capitalized and started operations in Hamburg. In early 2013, the professional team of half a dozen of employees and a similar number of external consultants was complete. SOS wants to reach serial maturity of the technology in the second half of 2016 and become a leading machine builder in the field of solar energy.

The SunOyster is a concentrating solar technology which is bi-axially tracking the sun. In the focus line the hybrid receiver converts the energy of the sun into both PV electricity and heat (solar co-generation), reaching a total efficiency of up to 75%, i.e. 30% of the direct radiation is converted into electricity and 45% into heat. The SunOyster shall be the most competitive form of solar energy in regions with a high DNI (Direct Normal Irradiation) where besides electricity also heat and/or cold are needed. The SunOyster wants to play an important role in filling the Framework Convention on Climate Change.

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