The European Commission’s Innovation Radar has recognised the excellence of the project, which aims to promote the energy transition
The thermal storage technology in solar salts that the Fertiberia Group has developed was selected by the Innovation Radar of the European Union as “European Radar Technology”. This is a recognition of the excellence and innovation that reinforces the company’s sustainability strategy and enables it to continue its decisive contribution to the energy transition. Its development is part of the “IN-POWER” project of the Horizon 2020 programme, promoted by the European Commission in order to reduce industrial energy cost.
This innovation allows renewable thermal energy to be stored and used when needed, while also ensuring a three-fold increase in the thermal storage capacity compared to standard materials, and leading to a significant decrease in the kW cost of energy. Through this technology, the company is committed to using solar salts in order to reduce the size of thermal storage and increase its availability range.
Even more importantly, its practical application is already a reality. As such, within the framework of the European H2020 Wedistrict project (Smart & local reneWable Energy DISTRICT heating and cooling solutions for sustainable living) which will produce renewable energy for heating and air conditioning in Alcalá de Henares (Madrid), the Fertiberia Group will provide these new salts so that the energy produced can be stored.
The Innovation Radar aims to identify which innovations have the greatest potential to positively impact citizens and society, and this has turned it into the main source of practical information on the progress and developments resulting from research and innovation projects funded by the European Commission. In this regard, Javier Goñi, company CEO, highlighted that “this recognition by the European Union reinforces our company’s pledge to sustainability and energy efficiency, as well as our commitment to the Sustainable Development Goals and our firm belief that we can only meet the environmental targets that have been set through innovation”.
Strong commitment to the energy transition
The Fertiberia Group has been a member of the “IN-POWER” project since its launch in 2017. This project was initiated by the European Commission, with a budget of nearly 6 million euros and the aim of developing and integrating new solutions with innovative materials into concentrated solar thermal technology to increase efficiency while reducing the cost of energy production.
The project therefore enables the energy cost (LCOE) of the industrial sector to be reduced from the current cost of between 0.16 and 0.22 €/kWh depending on the size of the plant, direct normal irradiation and the legal framework of its location, to less than 0.10 €/kWh.
About Grupo Fertiberia
With more than 1,400 employees and 14 industrial activity centres throughout the Iberian Peninsula and France, Grupo Fertiberia is a leader in the EU’s fertiliser sector where it develops, produces and sells innovative agricultural solutions that enhance the competitiveness of the agricultural sector and facilitate the ecological transition of a sector that is vital to the European economy. It is also one of the world’s leading operators in the ammonia market, in addition to producing environmental solutions for the industry and other sectors, such as AdBlue, with which it has been able to reduce atmospheric emissions of NOx gases from the diesel vehicle fleet in Spain by 10%.
The company belongs to Triton Partners, which is driving its growth to make this Spanish company a leader in the fertilisation of the future. This will allow farmers to obtain greater yields with maximum environmental sustainability.