The improvement of Energy Efficiency (EE) is a central theme of the EU energy policy. In this sense, the industry is increasing concern about the energy consumption of its facilities, which is one of its biggest costs. One of the key approaches for energy efficiency in Industry is to improve the quality of energy, known as Power Quality (PQ), which is becoming more common due to the digitisation and increasing use of electronic devices in industry facilities.
The EU losses in industry, service and transport sectors due to PQ issues are estimated in 150 bn€/year, where 90% of the total losses accounted to the industries. The cost of poor power quality in the industry sector can reach 4% of annual turnover. However, the more worrying statistic is that 80% of power quality disturbances are generated within a facility, rather than from utility-supplied electricity. In this context, most of current solutions perform isolated PQ issues that do not take into account the load requirements, which can cause other EE problems that reduce the global electricity consumption savings of the whole facility.
The main objective of the project will be the optimization, demonstration and commercialization of a smart Energy Efficiency system (ELECOTECH) based on improving power quality without affecting loads. During SME Instrument Phase I, the objective has been to perform the technical feasibility study and develop the business plan to reinforce main ELECOTECH business aspects.