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 (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
- social sciences economics and business business and management business models
- social sciences economics and business economics production economics productivity
- engineering and technology electrical engineering, electronic engineering, information engineering electrical engineering power engineering electric power transmission
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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.
1230 WIEN
Austria
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.