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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.

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

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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