Project description
Innovative solution for reducing energy consumption
Energy consumption in the residential sector represents 25 % of all EU energy consumption. Thus, reducing energy consumption is instrumental for energy efficiency programmes and policies. Today, various obstacles prevent energy consumers and utilities from adopting energy efficiency measures. Energintel S.L (Asturias, Spain) has developed a smart solution providing users information about their energy consumption in a natural language format, suggesting personalised recommendations, and permitting adaptation to the hourly energy prices. The innovation will reduce energy consumption by 25 % and increase customer satisfaction by 30 %. The EU-funded EnergyMate project will optimise the software and scale up the technology to satisfy the technical needs of different European markets.
Objective
EnergyMate, the first energy efficiency-based software providing users an easy way to understand their energy consumptions.
Residential energy consumption represents the 25% of all EU energy consumption. In this context, is clear that the reduction of energy consumption in the residential sector should play an important role in energy efficiency programs and policies. Currently, energy consumers and energy utilities face various barriers that deter them from adopting energy efficiency measures: (i)Energy bills difficult to understand by energy consumers; (ii) low-optimized energy consumptions; (iii) low quality services by energy utilities, resulting in a large number of unsatisfied customers. At Energintel S.L (Asturias, Spain) we have developed a smart solution to overcome these barriers. EnergyMate provides users information about their energy consumptions in a natural language format easily understandable by users, suggesting personalized recommendations, and allowing to adapt their behavior to the hourly energy prices. It has been estimated an annual reduction of 25% in energy consumption and an increase of 30% of the customer´s satisfaction with EnergyMate. Based on the good performance of our prototypes being currently tested in Spain, we aim to optimize the software and scale-up the technology to fulfill the technical needs of different European markets. This market, depends on the roll-out of smart meters, which is expected to be 200 million by 2020. Additionally, in the first stage of commercialization EnergyMate expects to cover at least the 52% of the market for energy retailers (over 2.000 companies). This market, with such growth potential (predicted to increase at 8.1% CAGR up to 2019), could greatly benefit from our smart solution. €6.64M sales projection has been estimated for the third year. The expected Market share covered by EnergyMate, based on the number of smart meter in Europe (at least 320 millions) will be 3% by 2023.
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.
- natural sciences computer and information sciences software
- engineering and technology environmental engineering energy and fuels renewable 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.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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-EIC-SMEInst-2018-2020
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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.
33401 AVILES
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.