Project description
Data ingestion and storage solution for smart grids
As the smart grid depends on the information it gathers and assimilates, there is a growing demand for the amount of data and higher processing speed from the Energy sector. Austria’s HAKOM develops innovative and productive software solutions for the liberalised energy. It has developed the most advanced data ingestion and storage solution, PowerData, a uniform, integrated energy data management system that serves as basic technology for all four domains of the energy industry’s value chain (network, distribution, trading and production). The EU-funded PowerData project will build the capacity of HAKOM to proceed with its strategy at an early stage. The project will apply a market approach designed for rapid escalation to expand its technology leadership.
Objective
The smart grid is only as smart as the information it gathers and assimilates. To advance in the efficiency of the energy sector, there is an enormous demand from the Energy industry associated to the amount of data and speed of processing.
HAKOM is, in some highly specialized segments of Energy Data Management (EDM), the unrivalled market leader in Austria and a successful player in Germany. Since 1991 our company has developed innovative and productive software solutions for the liberalized energy. Over the last two years HAKOM has developed the most advanced data ingestion and storage solution to accommodate the challenges rising in the energy sector: PowerData.
PowerData is a uniform, integrated EDM system, which serves as basic technology for all four areas of the energy industry's value chain (network, distribution, trading and production). PowerData is a system to gather, visualize and storage energy data. With PowerData, Hakom has achieved unprecedented processing speed (incremented by 30%) and 80% reduction in the storage requirements to accommodate exponential data growth.
Direct impacts in the energy sector enabled by PowerData include, amongst many others: 1) increased amount of intermittent renewable energy the power grid can handle. 2) Deployment of innovative programs that allow customers to better control their electric usage while simultaneously reducing peak demand across the utilities’ grid.
For our direct customers -software vendors- PowerData provides 85% reduction of up front cost and radical decrease of the complexity of work. It results in a shorter time-to-market and higher return of investment of the software solutions energy companies require to increase the efficiency of the energy sector.
The next stage of the PowerData project will build the capabilities of HAKOM to continue its strategy of taking up new trends at an early stage and, expand its technology leadership through a market approach designed for rapid escalation.
Fields of science
- natural sciencescomputer and information sciencessoftware
- engineering and technologyenvironmental engineeringenergy and fuelsrenewable energy
- social scienceseconomics and businessbusiness and managementbusiness models
- social scienceseconomics and businesseconomicsproduction economicsproductivity
- engineering and technologyelectrical engineering, electronic engineering, information engineeringelectrical engineeringpower engineeringelectric power transmission
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
1230 WIEN
Austria
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.