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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.

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

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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