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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.

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

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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