Objective
The way industries manage and consume energy is currently unsustainable. Today the industrial sector accounts for onethird
of world energy use and industrial energy consumption is set to rise by 50% in just 20 years. On average, an industry
spends one-third of its operating budget on energy. This drastically increases electricity bills while reducing productivity. Up
to 35% of total industrial energy, or 110€ billion could be saved every year, just through the application of energy-saving and
low carbon practices. Heating, Ventilation and Air Conditioning (HVAC) is responsible for around 40% of the energy
consumption in industrial plants. Frequently, this is the largest energy consuming type of equipment on a site and can
therefore provide significant scope for saving energy and money.
W-THINK is an Industrial Energy Management System (IEMS) Software as a Service (SaaS) that optimizes and reduces
energy consumption of HVAC and superheated water using state of the art Industrial Internet of Things (IoT), Big Data and
machine learning algorithms. W-THINK collects the basic data from around the variety of sensors around the plant, analyses
this data and compares it to external data, such as future weather patterns, takes control of the plant’s systems for HVAC
and superheated water, and optimizes their performance to ensure optimal use of energy. This is all done automatically and
in real time.
Furthermore, as this software is hardware neutral and easily customisable to meet users’ needs, it is a cost effective solution
for any scale and type of industrial plant.
The aim of our project is to make W-THINK available to be used by all types of industries in Europe and worldwide. The
IEMS market is set to from 12.3€ billion in 2015 to 32€ billion in 2024, and achieving our projections will provide an
estimated overall profit of 9,7M€ within 5 years after the project ending, a return of 550%.
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.
- engineering and technology environmental engineering energy and fuels renewable energy
- engineering and technology mechanical engineering thermodynamic engineering
- engineering and technology mechanical engineering vehicle engineering automotive engineering
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering sensors
- natural sciences computer and information sciences artificial intelligence machine learning
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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
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.
08005 BARCELONA
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.