Objective Due to massive growth in the use of electric equipment and worldwide increase of the electrical distribution/consumption, the interest in sensors for electrical current measurement, particularly in high voltage levels, has increased significantly over the last decade. Intensive research is carried out in this field. The result is the method based on magneto-optical effect requiring special optical fibers and optical instrumentation. Due to special technologies the sensor is too expensive for most of the industrial applications.Applied Precision is a Slovak innovative company established in 1992 and belongs to the world top three companies in test and calibration systems for electricity meters. The company has developed and patented new breakthrough measuring method based on magnetic field integration with magnetic fiber. The method is not only comparable with the magneto-optical method in high currents applications but significantly more sensitive for low current applications at fractional price level. The most important user benefits are: full integration in smart distributed systems with independent communication, highest accuracy up to 0.1%, simple installation, low operational costs, high interoperability and mechanical flexibility, broad field of applications and very affordable price (less than 20% of optical solutions).Dramatically lower price of measurement devices, easy and flexible integration in existing or newly designed network measuring and control systems have a unique perspective to bring disruptively new way of their implementation with enormous benefit for monitor the efficiency of energy networks, devices and single participants with positive impact on investments and operational costs and environmental impact.The SmartSense system is targeted at distribution network providers, power producers, mid to high power demanding subjects (like electrowinning processes, traction lines etc.) and this way it is supporting global smart grid solutions. Fields of science engineering and technologymaterials engineeringfibersengineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringcontrol systemsengineering and technologyenvironmental engineeringenergy and fuelsrenewable energyengineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringsensorsoptical sensorsnatural sciencesphysical sciencesopticsfibre optics Programme(s) H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy Main Programme H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT) H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SMEInst-09-2016-2017 - Stimulating the innovation potential of SMEs for a low carbon and efficient energy system Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-1-2016-2017 Funding Scheme SME-1 - SME instrument phase 1 Coordinator APPLIED PRECISION SRO Net EU contribution € 50 000,00 Address Stavitelska 1 831 04 Bratislava Slovakia See on map Region Slovensko Bratislavský kraj Bratislavský kraj Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 21 429,00