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Algo-Grid

Platform for Operations and Maintenance Management of Power Smart Grids based on advanced algorithms and artificial intelligence

Total Cost €

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EC-Contrib. €

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Partnership

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 Outcomes and results

 Algo-Grid project word cloud

Explore the words cloud of the Algo-Grid project. It provides you a very rough idea of what is the project "Algo-Grid" about.

resilience    2012    cumulative    create    power    revenue    generation    beside    safety    operations    models    policy    mission    resilient    goals    business    eu28    accelerating    ict    performance    storage    secure    optimization    sources    efficient    jobs    smart    2020    series    milano    techniques    group    india    estimation    flow    mm    yields    deploy    markets    phd    time    aramis    losses    vehicles    total    asset    linked    investement    preliminary    sustainable    03m    prediction    deploying    infrastructure    electricity    25    di    milan    usa    algo    environmental    rule    grid    meeting    prognostics    designed    deriving    industrial    diffusion    demand    computing    renewable    fact    solutions    78b    return    predict    opportunity    concurrently    electric    2024    energy    simulators    transmission    deployment    convergent    fundamental    incorporate    direct    63m    optimal    algorithms    logic    maintenance    health    carbon    28    profits    phm    politecnico    networks    technologies    grids    components    italy    sales    founded    platform    peak    proposes    reliability    configurations    ageing    roi    china   

Project "Algo-Grid" data sheet

The following table provides information about the project.

Coordinator		 ARAMIS SRL 

Organization address
address: VIA PERGOLESI 5
city: MILANO (MI)
postcode: 20124
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://aramis3d.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 2019
 Duration (year-month-day) from 2019-02-01   to  2019-05-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ARAMIS SRL IT (MILANO (MI)) coordinator 50˙000.00

Map

 Project objective

The deployment of smart grids is crucial for achieving a more secure and sustainable energy future. In fact, beside addressing current concerns with existing electricity systems (e.g., ageing infrastructure and increasing peak demand), smart grids are fundamental for the diffusion of low-carbon technologies, including electric vehicles and variable Renewable Energy Sources.

Significant revenue losses are still experienced in the existing power networks, but the convergent advances in computing and ICT, the accelerating deployment of renewable generation and storage technologies offer new opportunities for advanced Operations and Maintenance Management (O&MM) to ensure more reliable, efficient and resilient power electric grids meeting environmental performance goals.

Then, ARAMIS proposes the present Algo-Grid project, for deploying a platform for O&MM of power grids.

ARAMIS was founded in 2012 in Milan, Italy, by a group of (PhD) researchers of the Politecnico di Milano. The mission of ARAMIS is to develop and deploy methods, models, techniques and algorithms for the analysis and optimization of industrial components and systems, particularly, in terms of safety, reliability, maintenance, resilience, asset management, etc.

Algo-Grid is based on specifically designed Prognostics and Health Management (PHM) solutions, time series prediction algorithms, energy flow simulators and optimization algorithms, which can provide real-time optimal configurations of smart grids (generation, transmission and distribution), predict and assess infrastructure health condition, incorporate policy-based rule logic.

A preliminary estimation yields a Return On Investement (ROI) of 4,63M€ for the years 2020-2024. Cumulative profits in 2024 deriving from direct sales in EU28 and target markets (including India, China and the USA) will total more than 9,03M€, exploiting a 25,78B€ business opportunity.

Concurrently, ARAMIS will create 28 new jobs directly linked to Algo-Grid

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The information about "ALGO-GRID" are provided by the European Opendata Portal: CORDIS opendata.

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