GI.service: Asset performance optimiser

Project Information

GIservice

Grant agreement ID: 775013

DOI

10.3030/775013

Project closed

EC signature date 15 May 2017

Start date 1 May 2017

End date 31 August 2017

Funded under

• SOCIETAL CHALLENGES - Secure, clean and efficient energy

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

GANTNER INSTRUMENTS TEST & MEASUREMENT GMBH
Austria

Periodic Reporting for period 1 - GIservice (GI.service: Asset performance optimiser)

Reporting period: 2017-05-01 to 2017-08-31

Summary of the context and overall objectives of the project

With the significant investments being made in distributed renewable energies, the global energy market is changing from a central supply concept to a decentralised system. This transition is presenting companies in the energy market with various strategic and technical challenges to achieve efficient operations.

The objective of GI.service is to develop a new solution to support better decision making and achieve higher energy efficiency for companies involved in electricity generation, distribution and storage and for big energy consumers. Our solution is a complete optimized hardware, software and SaaS stack which is flexible, has open interfaces and can grow with increased requirements in the evolving energy infrastructure.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

We conducted a comprehensive market study with particular focus on Europe and N-America. This research included getting an understanding of the policy and regulatory environments. From the results of this study we were able to identify the most promising markets for GI.service.

We undertook a technical feasibility study to identify areas for potential improvement, cost reduction and scalability of GI.service’s hardware, software and SaaS components.

An intellectual property rights analysis was conducted and we established that we have the freedom to operate. Additionally we identified key potential customers and partners for the commercialisation of GI.service.

From these results we concluded that the GI.service project is technically and commercially feasible. We combined the results to draft an updated business plan including pricing models and financial projections.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

GI.service is Gantner’s response to take advantage of the great market opportunity for energy management systems, and will make a major advancement in the state of the art of energy management systems. Its main competitive advantage is its superior degree of accuracy in measurements, which is achieved by the combination of our proprietary measurement devices and our in-house software modules for data acquisition, storage, analysis and exploitation.

This unique platform will enable our customers to achieve up to 10% more power generation and risk reduction, up to 8% better capacity utilisation of batteries, up to 10% efficiency improvement in electricity distribution grids and up to 15% longer lifespan of energy-related assets. We will capacitate our customers to deliver higher quality electricity supply whilst reducing their environmental impact from greenhouse emissions.

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