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Norrdigi SIGNED

NorrDigi revolutionary Energy Saver

Total Cost €

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EC-Contrib. €

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Partnership

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 Outcomes and results

 Norrdigi project word cloud

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

adjacent    60    amount    people    functions    patented    assist    handling    ample    tests    size    investment    standard    meet    speeding    effort    norrhydro    initial    first    marketing    market    effect    800    motivated    excavator    manufacturer    million    track    fuel    share    economic    countries    financing    ipo    yearly    2017    improvement    employment    proven    drastically    additional    valves    sales    260    scalable    cylinder    records    annual    efficiency    cylinders    excavators    total    direct    700    period    oy    2020    energy    sensors    12    mobile    19    made    designs    volume    126    finalizing    funds    launches    finnish    euros    consumption    consists    gains    environment    economics    space    15    modular    launch    2028    components    imminent    team    markets    investments    productivity    neutral    reduce    grow    smei    norrdigitm    2025    billion    lean    goes    engineered    6    45    solution    capacity    suppliers    emissions    coupled    2007    performs    successful    electronics    international    store    securing    material    side    crawler    professionals    hydraulic    regenerate    demands    risks    internal    addressable   

Project "Norrdigi" data sheet

The following table provides information about the project.

Coordinator		 NORRHYDRO OY 

Organization address
address: TEOLLISUUSTIE 30
city: ROVANIEMI
postcode: 96300
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 Finland [FI]
 Project website https://www.norrhydro.com/en/engineering/norrdigi
 Total cost 3˙133˙625 €
 EC max contribution 2˙193˙537 € (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 2018-11-01   to  2020-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    NORRHYDRO OY FI (ROVANIEMI) coordinator 2˙193˙537.00

Map

 Project objective

Norrhydro Oy is a Finnish hydraulic cylinder manufacturer. Since 2007, Norrhydro has developed a technology, NorrDigiTM, that has the ability to regenerate, store and share energy by the functions on mobile equipment, such as excavators, the largest market for cylinders. The economic effect of NorrDigiTM is very significant. It requires less space, is cost neutral and has proven 45-60% fuel efficiency improvement and 5-12% productivity gains in side-by-side tests with a standard excavator. NorrDigiTM is a modular control system made of highly engineered hydraulic cylinders, control valves, sensors and electronics in an integrated control package and is patented in all major countries. The initial target market is crawler excavators and large material handling equipment. The current addressable market size is 4,0 billion euros yearly. The first goal is a 5,6% market share by 2025, which means total sales will grow from 19 to 260 million euros in that period. The next target is 15% market share by 2028, which coupled with growth in adjacent markets will amount to over 800 million in annual sales. The imminent market launch is based on finalizing the product designs, testing, production investments and increased marketing. The solution is scalable, and Norrhydro performs an internal investment and LEAN improvement program to meet the increased volume demands. The other main components are modular and come from suppliers who have ample capacity. The direct effect on employment goes from 126 people in 2017 to 700 people by 2025. The SMEI-funding will assist in speeding up the launch, reduce risks, and improve the economics and the environment due to the drastically reduced fuel consumption (emissions). The funds will help securing additional financing which is planned as an IPO in 2020. The team leading the effort consists of dedicated, motivated and highly experienced professionals with long international track records of successful product and technology launches.

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

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