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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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 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.

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