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OPTIMISATION OF ENERGY MARKET BY ARTIFICIAL INTELLIGENCE

Project description

A boost for smart grid management

Artificial intelligence (AI) is energising smart grid management for both supply and demand sides, contributing to increased energy efficiency. This may contribute to Member State efforts to deliver a fixed amount (required by the EU) of end-use energy savings over the next 2021-2030 obligation period. In this context, the EU-funded OPENAI project will deliver a strategy for a new customer energy management product that can be complemented with new smart grid functionalities. Specifically, it will help secure an innovation associate who is knowledgeable in using AI and has understanding of energy generation and distribution control systems.

Objective

Sensing & Control (S&C) has a customer energy management product, enControl™ that can be complemented with new Smart Grid functionalities that are expected to be developed in this proposal. The Smart Grids category covers solutions for the smart control and management of power networks and installations. The use of Artificial Intelligence techniques will enable to develop decision-making approaches based on multi-source information fusion, data predictive analytics, and to create a marketplace capable of joining and smart managing both energy supply and demand.
Our objective through OPENAI is to contribute to the increase of energy efficiency with a specific focus on the Smart Grid functionalities. The European Union requires each Member State to deliver a fixed amount of end-use energy savings over the next 2021-2030 obligation period. Our main interest in this project is not only strategic considering our current product roadmap but also is a social objective since we can contribute to the climate solution. The transition to a low carbon economy, the digitalization of Power Grids and the decentralization of Power Generation are business innovation opportunities for S&C. Also, since 2019, S&C is part of the larger AMPER group which gives us access to clients from the Energy sector, in particular from the generation and distribution side.
For the new functionalities within Smart Grid, the specialized skills / knowledge we are looking for in the Innovation Associate (IA) are the following with requirement to have a PhD in a combination with expertise in deep practical knowledge in sharing economy by using artificial intelligence, understanding of energy generation and distribution control systems, and experience in developing decision-making approaches and forecasting algorithms.

Fields of science (EuroSciVoc)

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Programme(s)

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Topic(s)

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Funding Scheme

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CSA-LSP - Coordination and support action Lump sum

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-INNOSUP-2018-2020

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Coordinator

SENSING & CONTROL SYSTEMS SL
Net EU contribution

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.

€ 95 625,00
Address
CALLE CREUETA NUMERO 28 PLANTA BAJA
08700 IGUALADA
Spain

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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
Este Cataluña Barcelona
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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Total cost

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.

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