Project dates: 01. Aug 2018 - 30. Nov 2018
Objective
Despite recent investments in smart grid infrastructure and energy management systems, commercial and industrial buildings still waste 30% of their energy consumption on average. This wastage is mainly caused by a lack of automation in the way that energy is consumed and managed. AKSE’s Smart Energy Automation System (SEAS) is a software/hardware platform that incorporates the vast amounts of data from smart grid devices such as smart meters, temperature and humidity sensors and renewable energy generation to intelligently control the energy consumption of commercial and industrial buildings and infrastructures. Our platform is underpinned by a unique artificial intelligence algorithm that will increase energy efficiency and cut consumption costs. We already have a number of companies interested in adopting the technology, included renowned automotive manufacturer Iveco. In the growing automated smart energy systems market – set to reach €6.44 billion by 2021 – , we expect SEAS technology to contribute €25.5 million of accumulated revenues to our business by 2024. Practically, SEAS solution is an automated IoT-based modular platform with self-configuration and adaptation abilities. The platform is flexible, allowing the smart energy meters and wireless applications to be integrated as need arises or as technology advances. Moreover, automation is essential on IoT due to the number and diversity of devices connected which would otherwise make remote or Cloud-based control virtually impossible.