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Predictive Analysis on the Worlwide Energy Sector

Project description

Advanced database for monitoring industrial assets

Energy and ICT are the most important sectors in the global economy experiencing unprecedented expansion. However, the energy sector is pressed to find cleaner and more sustainable systems to facilitate strategic decisions. Existing solutions cannot offer reliable information to support such a need. On the other hand, the ICT sector is in rapid transformation, developing advanced technologies to deal with huge volumes of alternative data. The EU-funded PAWES project proposes a solution that provides reliable information for more transparency in energy markets. The solution is an advanced automated asset-centric database and visualisation platform that offers real-time monitoring of industrial assets globally.

Objective

New technological, economic, geopolitical and social fault lines are shaking the foundations of two of the global economy’s most important sectors: energy and ICT. The energy system is facing a critical and urgent transition toward a cleaner, more affordable and sustainable model with associated costs estimated in the 100s of trillions euros over the next decades. In this context, strategic operational and investment decisions should be based on reliable, accurate and actionable information, often unavailable. At the same time, the ICT sector must develop new technologies as machine learning and advance signals processing to treat an unprecedented volume of alternative data. The energy sector could then highly benefit from the ICT’s big data disruption to the success of its transition.
Combining deep sector (energy) and technology (data science, machine learning) expertise to provide new and valuable information for greater transparency in energy markets and operations, Kayrros ambitions to become the European tech champion in business intelligence and analytics. Commingling commercially available data from sensors, satellites and the web, Kayrros has placed R&D at the heart of its development and growth strategy since its inception in 2016. Built by European talents with a global ambition, the company has consolidated a leadership position as the reference alternative data provider for the energy market and is now expanding into new sectors.
Thanks to its proprietary technology, Kayrros aims to create and lead a new multi-billion-euro market, by being the first provider of automated real time observation of industrial assets worldwide. Hence, Kayrros has built a highly automated asset-centric database and visualisation platform, which has been rolled-out and commercialized as Kayrros’s Solutions in 2019.
Kayrros’s vision is to participate in creating a European remote sensing and alternative data hub and foster the European Union’s leadership in these fields.

Call for proposal

H2020-EIC-SMEInst-2018-2020

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Sub call

H2020-SMEInst-2018-2020-2

Coordinator

KAYRROS
Net EU contribution
€ 2 500 000,00
Address
1 RUE FRANCOIS 1ER
75008 PARIS
France

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Ile-de-France Ile-de-France Paris
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost
€ 5 206 706,75