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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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 Outcomes and results

 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.

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

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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