Periodic Reporting for period 1 - GIservice (GI.service: Asset performance optimiser)
Reporting period: 2017-05-01 to 2017-08-31
The objective of GI.service is to develop a new solution to support better decision making and achieve higher energy efficiency for companies involved in electricity generation, distribution and storage and for big energy consumers. Our solution is a complete optimized hardware, software and SaaS stack which is flexible, has open interfaces and can grow with increased requirements in the evolving energy infrastructure.
We undertook a technical feasibility study to identify areas for potential improvement, cost reduction and scalability of GI.service’s hardware, software and SaaS components.
An intellectual property rights analysis was conducted and we established that we have the freedom to operate. Additionally we identified key potential customers and partners for the commercialisation of GI.service.
From these results we concluded that the GI.service project is technically and commercially feasible. We combined the results to draft an updated business plan including pricing models and financial projections.
This unique platform will enable our customers to achieve up to 10% more power generation and risk reduction, up to 8% better capacity utilisation of batteries, up to 10% efficiency improvement in electricity distribution grids and up to 15% longer lifespan of energy-related assets. We will capacitate our customers to deliver higher quality electricity supply whilst reducing their environmental impact from greenhouse emissions.