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Unleash the secure, sustainable grid! NDL SafeGrid safeguards data, predicts problems, and optimizes power. Cost savings, reliability, and a greener future -power grids transformed
About
ByEvolution Creative Factory, is a worldwide DeepTech company with the great potential to bring real changes to society through its technological and scientific developments.
Since 2017, Byevolution has designed, implemented and deployed NDL (Neural Distributed Ledgers) technology through its partner pipeline by providing the needs and requirements related to the new paradigm of Internet of Value.
Key Benefits
Project Impact and Benefits
The implementation of this project will have a significant impact in multiple dimensions:
- Enhanced Security: The ability to anticipate failures and respond proactively to incidents will improve the security of critical electrical infrastructures, minimizing the risk of disruptions and damage.
- Optimized Operational Efficiency: Optimized maintenance management, resource allocation, and operational planning will reduce downtime and increase overall system efficiency.
- Cost Reduction: Informed data-driven decision-making and proactive problem prevention will contribute to reducing costs associated with failures, repairs, and operational losses.
- Empowerment of Personnel: By facilitating interaction with advanced technologies through an intuitive interface and clear recommendations, non-technical personnel will be able to effectively contribute to the operation and maintenance of the infrastructure.
Applications
- Primary Market: Energy Network Operators (Global)
- We target Distribution Network Operators (DNOs) and Transmission System Operators (TSOs) responsible for managing power grids worldwide. This established market offers significant potential. The global smart grid market is projected to reach $98.8 billion by 2028, with a CAGR of 8.2% (Source: Market Research Future).
- Secondary Market: Energy Sector SMEs (Global)
- This market includes SMEs specializing in grid management solutions, data analytics, and related services. NDL SafeGrid can provide a secure and efficient platform for them to develop and deliver their solutions. While a precise market size is elusive, estimates from the International Renewable Energy Agency suggest it's substantial
Market Dynamics and Growth:
The core market is driven by:
- Rising Concerns over Grid Security and Reliability
- Increasing Integration of Renewable Energy Sources
- Growing Demand for Energy Efficiency
These factors contribute to a projected CAGR of 8.2%, indicating a rapidly growing market primed for innovative solutions.
Market Exploration for Innovation:
NDL SafeGrid utilizes cutting-edge NDL technology, creating a potentially nascent market. Here's our exploration strategy:
- Early Adopters: Identifying and engaging forward-thinking energy operators and SMEs interested in pioneering new solutions.
- Industry Partnerships: Collaborating with established energy sector players for valuable insights and market validation.
- Demonstrations and Pilots: Showcasing NDL SafeGrid's capabilities through real-world demonstrations and pilot projects with potential customers.
- Industry Events and Conferences: Participating in industry events to connect with potential customers, raise awareness, and gather valuable feedback.
Barriers to Entry and UK Position:
- Customer Adoption: Encouraging established grid operators to adopt NDL SafeGrid may require addressing integration concerns and potential disruption to existing systems.
- Competition: The energy grid management software market is competitive. We will need to effectively demonstrate the unique value proposition of NDL SafeGrid compared to existing solutions.
The UK has a strong track record in energy sector innovation. Government initiatives promoting smart grid development and a supportive regulatory environment position the UK as a prime market for NDL SafeGrid.
Conclusion:
NDL SafeGrid addresses a growing global market need for secure and efficient power grid management solutions. By targeting established players and innovative early adopters, coupled with a strategic market exploration approach, NDL SafeGrid is well-positioned to capture significant market share. This strong market awareness demonstrates the project's potential to deliver a valuable solution within a high-growth sector.