Periodic Reporting for period 1 - SpecEMS (Spectral Energy Management System for appliance-level analytics, control, and microgrid renewables trading.)
Reporting period: 2019-03-01 to 2019-08-31
Addressing the global problem of reducing carbon emission Linc platform closes a major gap in the Building Energy Management (BEM) space and resolves the issues of:
1) insufficient access to energy data and analytics tools which means that no one knows how to invest in improving their energy efficiency; and
2) lack of the infrastructure to buy and sell renewables, resulting in no incentive to invest in clean energy.
Linc aims to empower facility managers, energy consultants, and electric utilities with effective tools for electrical data analytics and control. Our inexpensive and easy to install hardware, low-price subscription model, suits any type of building. Our closest competitors all cost 30-160 times more. A basic calculation of the share of inefficiently used electricity at the average cost per kWh shows that Linc’s total addressable market for the EU building sector is about €4.27 billion.
The work performed during this activity has resulted in a detailed business plan covering all aspects of Linc as a technology and company. It has also specified, in detail, our upcoming commercialisaton and development objectives.