Objective
The LTT Phase 2 project is designed to address and implement the findings of our Feasibility Study and to enable a rapid and successful commercialisation of our Long-term testing of airtightness (LTT) technology.
Venturigo has developed the only solution in the market capable of monitoring 24/7 how much air, energy and money are leaking in a given building, and to adjust the ventilation system to reduce this leakage by an average of 50%. LTT has x100 lower upfront cost than alternative solutions in the market for improving airtightness, and a 5.8/6.9 months payback period in high-rise residential buildings and large services buildings, respectively, a major advancement over the current state-of-the-art and our unique selling point (USP).
The EC Nearly Zero-Energy Building Strategy 2020 highlights the importance of a sustainable European economy and society based on the efficient use of resources and renewable energy. In this sense, while buildings are now responsible for 40% of energy consumption and 36% of CO2 emissions in the EU, the Energy Performance of Buildings Directive requires all new buildings to be nearly zero-energy by the end of 2020 and all new public buildings by 2018. LTT will help to face these challenges by reducing buildings CO2 emissions by 690,296 tonnes and will offer our clients accumulated energy and cost savings of 1,237 MWh and €203.2m respectively during the first 5 years of commercialisation according to our 5-years projections.
LTT addresses the large and growing market of technologies for improving energy-efficiency in buildings, which is projected to increase from €163.4bn in 2017 to €259.1bn in 2026 attaining a compound annual growth rate (CAGR) of 5.26%. By successfully implementing the LTT project, we expect to create a measurable impact on Venturigo quantified as increased accumulated revenue of €58.3m and profit of €27.0m creating 29 full time employments in our company and 55 indirect jobs in Europe.
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.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques.
- engineering and technologyenvironmental engineeringenergy and fuelsrenewable energy
- engineering and technologyenvironmental engineeringair pollution engineering
- engineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringsensors
- social sciencessociologysocial issuesunemployment
- engineering and technologycivil engineeringarchitecture engineeringsustainable architecturesustainable building
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Programme(s)
Funding Scheme
SME-2 - SME instrument phase 2Coordinator
0167 OSLO
Norway
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.