May 20th, 2014 – Wattics has joined an international consortium, VIMSEN, consisting of eight European organizations aiming to implement a new platform through which associations of small producers of “green” energy will be given the opportunity to establish the smart energy networks of the future, thus contributing to the promotion of renewable energy sources and environmental conservation.
By utilizing Information and Communication Technologies, the VIMSEN project aims to upgrade the conventional modus operandi of the whole electricity system. Small producers of “green” energy (e.g. household producers/consumers) will be offered the possibility to establish assertive associations and participate in the free buying and selling of energy, via a new business model. The aim is to conserve energy; to reduce the cost of electricity; to balance the production-and-charge gap; and, of course, to protect the environment by increasing the use of renewable energy sources vis-à-vis more conventional power-producing plants.
Wattics contributes by bringing its machine learning expertise to the project for real-time analysis of energy measurements and optimised management within the virtual network of micro-grids. Wattics will also lead the integration of heterogeneous software components with the design and implementation of a knowledge-based architecture.
VIMSEN consortium includes specialized partners from both the energy and ICT sector such as KEMA Nederland BV from Netherlands, Public Power Corporation (PPC) and COSMOTE from Greece, Wattics from Ireland, INTELEN from Cyprus, TELINT from United Kingdom and an association of four SEDINI municipalities from Italy, where a part of the final validation activities will take place in real-world operational and environmental conditions. The project is co-funded by the European Commission (EC) via 7th Framework Programme (FP7) and has a total duration of three years (i.e. 36 months).