Objective
Watty can pin-point the smartest way to save energy in any home with just a single piece of low-cost hardware. Our innovative technology analyses the total energy use in a household and breaks it down into its components, i.e. the energy use per appliance. The technology deciphers a distinctive behaviour and usage pattern for every appliance and is thus able to diagnose the entire energy usage of a household in detail. The implementation of this technology will for the first time permit households to make concrete, smart energy saving decisions based on detailed data about the real-time usage of their appliances. As this can help households save 10-30% of their energy use, it will both help the users to reduce costs, while at the same time make a large contribution to the EU objective of a 20% energy saving by 2020. Our product offer is composed by a single piece of low-cost hardware for data gathering and additional software components for the data read-out and analysis. In our envisaged innovation project we envisage to scale up the existing prototype for the hardware, and further develop the software analysis to fully meet the needs of the users. The market for our products closely follows the roll-out of smart meters across Europe. The total addressable market is estimated to 50 million households in 2015 (Nordic countries and Italy), but is expected to grow to 400 million European households within the next five years, thus opening up great opportunities for the commercial exploitation of our technology. The IMMOEN project aims at conducting a market study and defining the business strategy needed to full exploit the commercial potential of our innovative technology on energy markets across Europe. The end result of the project will be a detailed business plan that fully meets the user needs and market conditions in Europe.
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: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences software
- engineering and technology environmental engineering energy and fuels renewable energy
- engineering and technology environmental engineering ecosystem-based management climatic change mitigation
- social sciences economics and business economics
- social sciences economics and business business and management business models
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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.2.3.1. - 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-2014-2015
See all projects funded under this callCoordinator
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.
111 30 STOCKHOLM
Sweden
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.