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NegaWh EXchange

Balancing demand-response platform for an efficient, reasonably-priced and sustainable electricity market

Total Cost €

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EC-Contrib. €

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Partnership

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 NegaWh EXchange project word cloud

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

asset    digital    internet    intelligence    services    revenue    embrace    grid    intermittent    assets    tested    italian    difficulty    customers    additionally    solar    roi    precisely    employees    optimization    expense    easier    points    integration    sources    balancing    edaas    software    transformation    big    negawh    commercialisation    profiling    benefits    founded    performance    things    regulation    market    players    directions    excellent    imbalance    time    green    wind    start    81    pushing    poor    service    energy    87m    sept    valuable    exchange    manages    40    renewable    transforming    65    professionals    storing    591    generate    bsps    operators    scheduling    supply    tecnalogic    coming    providers    platform    owned    traceability    pv    raw    2013    demand    unable    share    2025    seals    data    budgets    setting    core    dynamic    procurement    artificial    tool    industry    2016    ict    action    prototype    forecasts    digitization    modules    successfully    complexity    difficult    integrate    transparency    electric    programmable    intangible    goals    successful    audit   

Project "NegaWh EXchange" data sheet

The following table provides information about the project.

Coordinator
TECNALOGIC SRL 

Organization address
address: VIA TORRI BIANCHE 1
city: VIMERCATE
postcode: 20871
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 Italy [IT]
 Project website http://negawhexchange.com
 Total cost 71˙429 €
 EC max contribution 50˙000 € (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-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-08-01   to  2018-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TECNALOGIC SRL IT (VIMERCATE) coordinator 50˙000.00

Map

 Project objective

Energy operators are unable to integrate the share of energy generated from the increasing intermittent renewable sources such as wind and solar-PV, due to the difficulty for storing energy in the grid. An effective way to solve that is to precisely assess demand and response in real-time; however, this is highly difficult due to the complexity involved in getting information in both directions, even more so due to the poor ICT integration in the energy grid. Additionally, new regulation is setting more audit and traceability requirements, particularly difficult in such a dynamic market of intangible assets. As a result, real-time action is required, fostering the concept of “Energy-Data-as-a-Service” (EDaaS) as a valuable asset for all players in energy industry. This is pushing strong changes in the sector to embrace digital transformation quickly (Internet of Things, Artificial Intelligence, Big Data). Tecnalogic is an Italian start-up founded in 2013, owned by highly experienced professionals in digital services for energy industry. NegaWh Exchange, its core product, is a software platform that manages all the raw data coming from the different points of the energy grid to solve electric imbalance by a process of digitization, transforming energy into a programmable asset (NegaWh). It is composed of 4 modules: Profiling, Scheduling, Balancing and Modelling. A prototype was successfully tested in Sept. 2016. Main benefits for customers (Balancing Service Providers, BSPs) are: Easier energy budgets, forecasts and reduction goals; Energy optimization (up to 40% energy expense reduction); Energy procurement & supply based on real-time data; Greater transparency around energy performance, an excellent tool to get green seals. For Tecnalogic, the successful commercialisation of NegaWh Exchange will generate €81.87M revenue and 65 new employees by 2025 (591% ROI).

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

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