Periodic Reporting for period 1 - SMITH (SMart and Interoperable THermal network system development)
Reporting period: 2015-07-01 to 2015-12-31
The Smith project offers a market solution to reduce energy costs and CO2 emissions in industrial environments with high thermal demand. It is based on centralized heat generation using biomass as fuel, the implementation of an industrial district heating network and intelligent heat management by the Smith software platform.
Quantitas Energy and Factor Verde are two technological companies which present and market as a consortium this energy cost efficient solution. Quantitas Energy provides its expertise as developer of the SMITH software platform for the heat control and operation system. Factor Verde provides its biomass boiler “Green Box” and its know-how in biomass applications. Both companies together provide the package solution that optimizes the thermic demands in the industrial sector. The main aim of the product SMITH is to efficiently deliver kWht at a competitive price for industrial areas.
Market characterization
Technical & legal barriers in the market
Identification of user and market needs
Selection of priority countries
Competitors and stakeholders in priority countries
Base Case
Risk analysis, business model
Activities carried out by Quantitas Energy&Factor Verde with the coach assistant
SWOT analysis
Review of intellectual property
CANVAS review
Nowadays, according the base case of feasibility study, the consortium is working to build a demonstration project in Europe. It will support the results of feasibility study completed in the base case and it will set the foundations to undertake phase 2 of the project. Development of the product in Phase 2 will last 18 months, after this time the product will be ready to be introduced into the target markets. In Phase I, consortium has confirmed business model and strategy that indicates the overall profitability of SMITH.