Objective
Power Quality (PQ) is a key issue for the electricity sector and consumers. The power supplied by the utility generally does not have an ideal sinusoidal voltage because it is affected by events on electricity network (faults, harmonics, lightning strikes, etc.) resulting in PQ distortion and consumers indirect costs. Indirect costs associated with poor PQ, or voltage quality to be more precise, although not obvious are significant for industrial and commercial consumers. These costs show up in the form of energy and efficiency loss, unscheduled downtime, equipment aging, production loss, etc. There is a lack of proper technologies in the market to improve PQ at the consumer's side. Current products just focus on a specific PQ disturbance. There is a need to create new all-inclusive systems at the end-user's side.
GESINNE PRO is an intelligent power supply regulator system targeted to the industry, commerce, corporate and administration (low voltage facilities with power installed up to 1.600 kVA) aiming to improve the overall quality of the power supplied by the electricity grid in order to reduce energy consumption, protect loads, and prevent shutdowns. GESINNE PRO can achieve reductions on the energy bill between 6% and 17% and an average annual cost reduction associated to voltage dips of around 45.000 € by intelligently improving the PQ.
GESINNE PRO will be developed by GESINNE S.L. a Spanish SME company founded in October 2014, which, in spite of its youth, has been able to achieve a significant business success by identifying and covering the need of improving the PQ to consumers. The current GESINNE GSC will be modified and improved in order to create GESINNE PRO.
The proposed project will be profitable with an IRR of 24.48 %, a payback period of 6 years. The estimated total market size for the voltage regulation systems will grow from $1.9 billion in 2014 to $2.4 billion in 2019 at a CAGR of 4.7%. GESINNE PRO aims to get 0.3% of the total market in 2024
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- engineering and technology electrical engineering, electronic engineering, information engineering electrical engineering power engineering
- social sciences economics and business business and management commerce
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2016-2017
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
33203 GIJON
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.