Project description
Smart energy management system to balance intermittent energy sources
Renewable energy is becoming an increasingly mainstream part of the electricity mix. However, the power generation of renewables sometimes exceeds the total demand in the electricity grid and vice versa. These mismatches between demand and supply could cause consumers to derive certain amounts of energy from conventional energy sources such as petroleum. The EU-funded gridBox project will develop a smart energy management system that will monitor energy generation and consumption rates. It will also provide comprehensive analytics to help operators optimise energy transfer between generators, energy storage systems and the grid. Furthermore, it will inform users of the actions they need to take to reduce energy consumption by at least 30 % and improve energy efficiency.
Objective
Imbalances in the energy generation and demand of renewable technologies causes energy storage systems to reach maximum capacity and not be able to supply enough energy for the evening demand. This results in energy consumers having to get an energy supply from conventional sources. This means a slow ROI for decentralised renewable energy producers due to having to still pay for energy daily. The energy market is unclear and incomprehensible with most energy consumers not enough info on their energy consumption and generation rates.
gridBox is a smart energy management system that monitors energy generation and consumption rates and produces analytics to optimise energy transfers between generators, energy storage systems and the grid. It will also inform the user of actionable tasks that can be performed to reduce energy consumption by ~30% and improve energy efficiency through the analytics algorithms. It creates increased revenues for decentralised renewable energy producers and battery storage system owners by selling excess energy back to the grid. gridBox will increase the mix of renewable energy on the grid supplying all consumers with clean energy.
Following on from promising preliminary validation of the innovative technology through the operational tests conducted with a German community of decentralised renewable energy producers, gridX now intends to finalise developments of the system, scale up production and fully commercialize the solution by reaching the market in 2020. Incorporated in the Germany in 2016 they have received €875K in funding with 16 staff members.
The proposed work in Phase 1 of the SME instrument fits into gridX’s plan to reach market by contributing financial resources needed to plan a fast and wide deployment of gridBox and the market uptake. It also allows the SME to accomplish key feasibility activities and reduce business risks, such as business planning, customer identification and outreach, and stronger IP management strategy.
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 ecosystem-based management climatic change mitigation
- social sciences economics and business business and management business models
- engineering and technology environmental engineering energy and fuels renewable energy wind energy
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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
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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.
52062 AACHEN
Germany
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.