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NegaWh EXchange

Balancing demand-response platform for an efficient, reasonably-priced and sustainable electricity market

Total Cost €

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EC-Contrib. €

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Partnership

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 Outcomes and results

 NegaWh EXchange project word cloud

Explore the words cloud of the NegaWh EXchange project. It provides you a very rough idea of what is the project "NegaWh EXchange" about.

exchange    demand    valuable    solar    big    complexity    employees    budgets    regulation    assets    industry    founded    2013    40    intelligence    additionally    performance    embrace    transforming    transformation    difficult    pushing    87m    integrate    players    things    digital    bsps    electric    2025    excellent    storing    traceability    action    asset    data    transparency    market    modules    raw    renewable    successful    successfully    core    providers    generate    audit    energy    programmable    time    share    poor    italian    coming    dynamic    procurement    81    green    roi    scheduling    difficulty    customers    software    points    revenue    internet    seals    service    intangible    grid    setting    tested    easier    2016    services    artificial    supply    goals    tecnalogic    benefits    start    ict    commercialisation    65    wind    profiling    precisely    platform    forecasts    professionals    balancing    operators    intermittent    expense    sources    integration    negawh    tool    owned    591    manages    directions    sept    imbalance    optimization    pv    unable    digitization    edaas    prototype   

Project "NegaWh EXchange" data sheet

The following table provides information about the project.

Coordinator		 TECNALOGIC SRL 

Organization address
address: VIA TORRI BIANCHE 1
city: VIMERCATE
postcode: 20871
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.
 Coordinator Country Italy [IT]
 Project website http://negawhexchange.com
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-08-01   to  2018-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TECNALOGIC SRL IT (VIMERCATE) coordinator 50˙000.00

Map

 Project objective

Energy operators are unable to integrate the share of energy generated from the increasing intermittent renewable sources such as wind and solar-PV, due to the difficulty for storing energy in the grid. An effective way to solve that is to precisely assess demand and response in real-time; however, this is highly difficult due to the complexity involved in getting information in both directions, even more so due to the poor ICT integration in the energy grid. Additionally, new regulation is setting more audit and traceability requirements, particularly difficult in such a dynamic market of intangible assets. As a result, real-time action is required, fostering the concept of “Energy-Data-as-a-Service” (EDaaS) as a valuable asset for all players in energy industry. This is pushing strong changes in the sector to embrace digital transformation quickly (Internet of Things, Artificial Intelligence, Big Data). Tecnalogic is an Italian start-up founded in 2013, owned by highly experienced professionals in digital services for energy industry. NegaWh Exchange, its core product, is a software platform that manages all the raw data coming from the different points of the energy grid to solve electric imbalance by a process of digitization, transforming energy into a programmable asset (NegaWh). It is composed of 4 modules: Profiling, Scheduling, Balancing and Modelling. A prototype was successfully tested in Sept. 2016. Main benefits for customers (Balancing Service Providers, BSPs) are: Easier energy budgets, forecasts and reduction goals; Energy optimization (up to 40% energy expense reduction); Energy procurement & supply based on real-time data; Greater transparency around energy performance, an excellent tool to get green seals. For Tecnalogic, the successful commercialisation of NegaWh Exchange will generate €81.87M revenue and 65 new employees by 2025 (591% ROI).

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The information about "NEGAWH EXCHANGE" are provided by the European Opendata Portal: CORDIS opendata.

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