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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.

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

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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