The next generation energy management solution for industry 4.0

ended

The industrial sector emits about 28% of global greenhouse gas emissions (mostly CO2), making it a major contributor to global warming and rising environmental emergency. At the same time, the current generation of energy management software is far from enabling efficient energy management at complex industrial sites. The available applications are not able to capture the full process chain, including energy conversions and locally produced commodities which are very typical in the industry. The challenge lies not only in applying analytics to enormous amounts of energy data, but also in linking this data with external information – industrial processes and production data, regulatory info and market data. We tackle these challenges by implementing novel modelling techniques. The Energy Hub is the first energy management platform that makes complex industrial processes fully energy transparent and complies with all upcoming regulation. The Energy Hub unlocks to an unprecedented extent insight into efficiency, deviations and cost allocation, down to product level and in real time, that none of the other tools is currently able to compete with. It leads to savings in energy consumption from 5% to 15%, helping industrial companies to reduce CO2 competitively. By boosting efficiency, the Energy Hub contributes to achieving climate goals and sustainable economic growth. Our value proposition has been validated by numerous industrial giants including our early adopters Johnson & Johnson and Pfizer. The 500 largest targeted customers in the EU alone represent 3,500 industrial sites with a €300 million recurring revenue potential to us per annum. Our target for 2025 is to have at least 500 industrial sites connected to the Energy Hub thus saving 1% CO2 emissions in the EU. This feasibility study is aimed at validating technical and economic feasibility of the Energy Hub before moving forward with end-stage development within the framework of the EIC Accelerator programme.