Spectral Energy Management System for appliance-level analytics, control, and microgrid renewables trading.

Informazioni relative al progetto

SpecEMS

ID dell’accordo di sovvenzione: 856213

DOI

10.3030/856213

Progetto chiuso

Data della firma CE 15 Febbraio 2019

Data di avvio 1 Marzo 2019

Data di completamento 31 Agosto 2019

Finanziato da

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Costo totale

€ 71 429,00

Contributo UE

€ 50 000,00

Coordinato da

LINCLAB NETWORK SL
Spain

Periodic Reporting for period 1 - SpecEMS (Spectral Energy Management System for appliance-level analytics, control, and microgrid renewables trading.)

Periodo di rendicontazione: 2019-03-01 al 2019-08-31

Sintesi del contesto e degli obiettivi generali del progetto

Linc has developed an electrical spectrum analyser that samples a building’s electrical signal over two million times a second. This single device can detect power consumption of individual appliances with an accuracy of up to 96%. Our platform features cloud-based Machine Learning algorithms to deliver precise AI analytics of usage patterns, allowing energy analysts to recommend actions to save money. It is equipped with built-in controls for automation and demand-response to enable the microgrid billing and trading of renewable energy.

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.

Lavoro eseguito dall’inizio del progetto fino alla fine del periodo coperto dalla relazione e principali risultati finora ottenuti

Linc implemented small-scale pilots that then formed the basis for extensive interviews with key stakeholders across our value chain. This resulted in a refined understanding of Linc's ideal target customer segments, unique selling propositions, risks and opportunities, market potential and barriers to entry, as well as initial market traction.

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.

Progressi oltre lo stato dell’arte e potenziale impatto previsto (incluso l’impatto socioeconomico e le implicazioni sociali più ampie del progetto fino ad ora)

As part of our analysis of the competitive landscape, Linc was found to be disruptive on the basis of cost, ease of use, interoperability, scalability, and general technical superiority in features and functions. Our feasibility report and business plan specify the market-creating potential of an enabling technology that positively impacts social, economic, and environmental parameters at a global scale.

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