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LTT SIGNED

Long-term testing of airtightness to increase energy efficiency in buildings.

Total Cost €

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EC-Contrib. €

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Partnership

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 LTT project word cloud

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

55    annual    203    zero    economy    58    money    alternative    sustainable    implementing    point    renewable    cagr    co2    time    sense    efficient    adjust    payback    40    buildings    directive    nearly    airtightness    technologies    society    compound    rate    29    performance    2018    savings    upfront    company    revenue    solutions    26    selling    reduce    respectively    emissions    usp    market    public    1bn    monitoring    rapid    leakage    2020    create    solution    profit    projected    237    jobs    ec    attaining    consumption    feasibility    x100    successful    2m    services    27    building    ventilation    responsible    first    energy    50    highlights    ltt    24    0m    strategy    mwh    employments    296    designed    clients    efficiency    4bn    259    commercialisation    2026    indirect    successfully    accumulated    quantified    residential    lower    reducing    36    2017    months    leaking    3m    690    venturigo    air    163    period    projections    full    measurable   

Project "LTT" data sheet

The following table provides information about the project.

Coordinator
AIRTIGHT AS 

Organization address
address: OSLO SCIENCE PARK GAUSTADALLEEN 21
city: OSLO
postcode: 349
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 Norway [NO]
 Project website https://www.airtight.ai
 Total cost 2˙452˙800 €
 EC max contribution 1˙716˙960 € (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-2018-2020-2
 Funding Scheme SME-2
 Starting year 2018
 Duration (year-month-day) from 2018-08-01   to  2020-07-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    AIRTIGHT AS NO (OSLO) coordinator 1˙716˙960.00

Map

 Project objective

The LTT Phase 2 project is designed to address and implement the findings of our Feasibility Study and to enable a rapid and successful commercialisation of our Long-term testing of airtightness (LTT) technology. Venturigo has developed the only solution in the market capable of monitoring 24/7 how much air, energy and money are leaking in a given building, and to adjust the ventilation system to reduce this leakage by an average of 50%. LTT has x100 lower upfront cost than alternative solutions in the market for improving airtightness, and a 5.8/6.9 months payback period in high-rise residential buildings and large services buildings, respectively, a major advancement over the current state-of-the-art and our unique selling point (USP). The EC Nearly Zero-Energy Building Strategy 2020 highlights the importance of a sustainable European economy and society based on the efficient use of resources and renewable energy. In this sense, while buildings are now responsible for 40% of energy consumption and 36% of CO2 emissions in the EU, the Energy Performance of Buildings Directive requires all new buildings to be nearly zero-energy by the end of 2020 and all new public buildings by 2018. LTT will help to face these challenges by reducing buildings CO2 emissions by 690,296 tonnes and will offer our clients accumulated energy and cost savings of 1,237 MWh and €203.2m, respectively during the first 5 years of commercialisation according to our 5-years projections. LTT addresses the large and growing market of technologies for improving energy-efficiency in buildings, which is projected to increase from €163.4bn in 2017 to €259.1bn in 2026 attaining a compound annual growth rate (CAGR) of 5.26%. By successfully implementing the LTT project, we expect to create a measurable impact on Venturigo quantified as increased accumulated revenue of €58.3m and profit of €27.0m, creating 29 full time employments in our company and 55 indirect jobs in Europe.

 Deliverables

List of deliverables.
LTT website Websites, patent fillings, videos etc. 2019-09-13 15:28:52

Take a look to the deliverables list in detail:  detailed list of LTT deliverables.

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

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