Task 1 – Work plan Definition
Aim of the Task was to set the scope of work by stating the technical and non-technical activities (timing, personnel, agreements) required to perform Phase 2, being able to scale up the PHM solution to become Algo-Grid. The task included the evaluation of the performance of the algorithms on test-benches of increasing complexity, so to further improve their performances for electric smart grids.
Task 2 - Market analysis and Marketing Plan
Activities in this task included a more detailed situation analysis of the market sector (including its structure, size, drivers, market, and technology trends) and it also evaluated target pricing, main competitors, PESTEL and SWOT analysis, timeline, route-to-market, penetration/marketing strategy, market inception, full-scale commercialization and the specific barriers to overcome of each target region.
Task 3 - Intellectual property Management
Aramis composed an IPR/License plan and an FtO analysis along with the needed activities to ensure the compliance to the legal framework required. Besides, ARAMIS further investigated how Algo-Grid can be recognized as a tool to support smart grid utilities to improve their levels in the Smart Grid Maturity Model certification process performed by the Software Engineering Institute at the Carnegie Mellon University.
Task 4 - Business plan
The study indicated pricing and costs, forecast sales, EBITDA, Return of Investment, dissemination strategy, timeline to reach each target market and their respective risk analysis. Plan outcomes are the financial progress during Phase 1, the financial viability of the project and a detailed budget for Phase 2.
