Smart Energy Management and Strategic Decision Making Platform

Project Information

W-THINK

Grant agreement ID: 762680

DOI 10.3030/762680

Closed project

EC signature date 17 January 2017

Start date 1 February 2017

End date 31 July 2017

Funded under

• SOCIETAL CHALLENGES - Secure, clean and efficient energy

Total cost € 71 429,00

EU contribution € 50 000,00

Coordinated by

WATTABIT SL
Spain

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

• 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

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

WATTABIT SL

• Net EU contribution: € 50 000,00
• Address: Calle de la llacuna 22 ; 08005 Barcelona ; Spain
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Este › Cataluña › Barcelona
• Region: Este › Cataluña › Barcelona
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Other funding: € 21 429,00