REWAM
Next generation renewable energy portfolio asset management based on predictive analytics
Total Cost €
0EC-Contrib. €
0Partnership
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0REWAM project word cloud
Explore the words cloud of the REWAM project. It provides you a very rough idea of what is the project "REWAM" about.
Project "REWAM" data sheet
The following table provides information about the project.
| Coordinator |
ISOTROL SA
Organization address contact info |
| Coordinator Country | Spain [ES] |
| Project website | https://rewam.isotrol.com/ |
| Total cost | 71˙429 € |
| EC max contribution | 50˙000 € (70%) |
| Programme |
1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy) 2. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)) 3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument) |
| Code Call | H2020-SMEINST-1-2016-2017 |
| Funding Scheme | SME-1 |
| Starting year | 2017 |
| Duration (year-month-day) | from 2017-08-01 to 2018-01-31 |
Partnership
Take a look of project's partnership.
| # | ||||
|---|---|---|---|---|
| 1 | ISOTROL SA | ES (SEVILLA) | coordinator | 50˙000.00 |
Map
Project objective
Isotrol, as a specialist on ICT solutions for renewable energies, has identified a business opportunity of develop and take to market a new generation of portfolio asset manager based on analysing on the large amount of technical and economic data available.
The consolidation of the renewable energies sector and the change of centre of gravity from technical towards financial and asset managers as the main players in the sector. These actors handle hundreds or thousands of energy generation facilities from a large diversity for sizes and technologies (Wind, Photovoltaics, Biomass, Hydro) that has purchased from promoters. The existing tools in the market are based on informational systems or scorecards for the main parameters of the facilities, but, in general, have not been able to take advantage of the complete digitization of the processes and the new techniques of BigData, predictive analytics and systems capable of learning that are capable of provide detailed insights of the portfolio for: a) detecting non-optimal production. b) selling energy strategy and c) O&M cost reductions. The solution is focused as a services (SaaS) for the management of the portfolio, providing specific information about these three areas. On-premise installation for some customers are also foreseen. This data driven predictive analytics over the detailed information of a renewable portfolio is expected to increase the revenue for asset manager in a 10%.
Renewable energies is a key sector for EU economy that already employs over 1 million people and accounted for EUR 144 billion in 2014. The Renewable Energy Directive has the aim of making the EU world number one in renewables. European Commission has set the objective of 27% share of renewable energy for 2030. Growing rates for large (‘utility-scale’) renewable facilities are very consistent in main accessible markets (USA 51% in PV and 11% in wind; Europe, 12% and 5%, Latam 280% and 38%).
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The information about "REWAM" are provided by the European Opendata Portal: CORDIS opendata.