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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.

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

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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