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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.

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

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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