Project description
Streem energy boosts European reach and pricing precision
The renewable energy sector faces challenges in market transparency and pricing efficiency. Data service provider, Streem Energy, aims to address these issues with the EU-funded Stream Application project. This dual-focused project plans to bolster their presence in Spain by establishing a local team and office, while also enhancing their pricing engine. This advanced engine will leverage machine learning and neural networks to refine imbalance cost calculations, helping market participants reduce their balancing market exposure. Streem’s initiative is a strategic move towards developing a comprehensive suite of data products that will support renewable energy players across Europe, fostering greater market integration and efficiency.
Objective
Streem Energy Proposal for HORIZON-EIE-2022-SCALEUP-02.
Streem Energy, a data services provider for the renewable Energy sector, submit this application for the HORIZON-EIE-2022-SCALEUP-02 programme.
The work contained in this proposal focuses on two main goals :
1. Establishing a presence in Spain for the company: this work package involves at its core the implementation of both a Customer Operations Manager and aSales Representative to focus on the Spanish market. Executing this successfully will require research into strategic locations for the team to be based, securing an office space for this new team, research into the legal landscape and possibility of creating a local subsidiary company, market research for possible local partnerships and increasing the size of our local sales channel.
2. Developing the next generation of the Streem pricing engine : this work package involves: detailed analysis of regulatory frameworks and current market conditions, extensive R&D work on the applicability of machine learning and neural networks, and also the addition of a first-class imbalance cost calculation engine, that will enable market participants to minimise their exposure in the balancing markets.
The objectives of the work discussed in this application - growing our Spanish presence and developing our pricing product - are important steps towards the overall future vision for Streem, where we will have a suite of advanced data products for renewable energy market participants, available and harmonised across all European borders.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
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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HORIZON.3.2 - European innovation ecosystems
MAIN PROGRAMME
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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.
HORIZON-CSA - HORIZON Coordination and Support Actions
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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) HORIZON-EIE-2022-SCALEUP-02
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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.
75011 Paris
France
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.