BroadBit receives the European Commission Seal of Excellence
BroadBit Batteries has received the prestigious European Commission Seal of Excellence for its outstanding proposal to the Horizon2020 SME Instrument program. The Certificate was delivered by the European Commission, as the institution managing Horizon 2020, the EU Framework Programme for Research and Innovation 2014-2020. The project proposal 738831, “SodiumPower: Scale-up of breakthrough battery technology for more affordable electric vehicles with extended driving range” was submitted under the Horizon 2020’s SME instrument phase 2 call (H2020-SMEINST-2-2016-2017) of 15 June 2016 in the area of Small business innovation research for Transport and Smart Cities Mobility. Following evaluation by an international panel of independent experts, the proposal was successful in a highly competitive evaluation process as an innovative project proposal, meaning that it passed all stringent Horizon 2020 assessment thresholds for the 3 award criteria (excellence, impact, quality and efficiency of implementation) required to receive funding from the EU budget Horizon 2020.
Upon receiving the award, CEO, David Brown noted “The Horizon2020 program is very competitive with a very low success rate of around 2%. We are honored to have been one of the very few selected as a successful proposal and for the evaluators at the commission to understand the excellence of our technology, its impact on the society, the quality of our team and our proven ability to implement our development and commercialization plans.”
BroadBit is a technology company developing revolutionary new batteries using novel sodium-based chemistries to power the future green economy. We have already made high performance lab samples and are now commercializing the technology for next generation electric vehicles, portable electronics, starters and grid energy storage. Our batteries enable Increased range/use time, Longer lifetime, Reduced cost, Improved environmental friendliness, Improved robustness, and Scalability to any production volume.
The batteries are based on metallic sodium and other widely available and plentiful compounds. Our main active material is sodium chloride (NaCl), also known as table salt. BroadBit is also developing a high power capable battery electrolyte.
** About the European Commission’s Horizon 2020 program:**
Horizon2020 is the European Commission’s “Framework Programme for Research and Technological Development”. The H2020 Framework Programmes is a funding programme created by the European Union/European Commission to support and foster research in the European Research Area (ERA). In Horizon 2020, the focus is in innovation, delivering economic growth faster and delivering solutions to end users that are often governmental agencies.