Re-inventing energy efficiency for businesses
The REGENCY project aims to optimise energy efficiency in electricity consumption by developing appropriate models for the analysis of big data. REGENCY will use machine learning algorithms, and an Integrated Platform for the Monitoring, Analysis, and Support of Energy Management for commercial customers, so as to allow the provision of energy services and products by energy suppliers.
The platform will be provided to business customers, as well as electricity providers, offering them real-time data on energy consumption through smart meters that measure total energy consumption, providing them with even more personalized and detailed recommendations based on their different uses.
The REGENCY solution will be pilot tested by different customers of the Public Power Corporation in Greece (e.g. different industrial sectors), who will provide data and information to help identify the user requirements and will evaluate the platform service throughout the project’s duration.
Role of DRAXIS:
DRAXIS is responsible for the development of a weather forecasting model with a forecast horizon of 7 days, the outputs of which are integrated into the algorithm that estimates the future energy consumption.