ACCIÓ helps DEXMA to access the SME Instrument Programme for the development of an energy saving software based on AI (Artificial Intelligence)

Success case: DEXMA                                                                                                

ACCIÓ helps DEXMA to access the SME Instrument Programme for the development of an energy saving software based on AI (Artificial Intelligence)

 
The Catalan company DEXMA, a leading European energy management software firm, is currently developing a software solution based on artificial intelligence to help companies save energy. This system instantly obtains information on the energy consumption of small and medium-sized businesses and large corporations through the existing smart meters installed in their buildings and offers them recommendations on how to increase energy efficiency without the need for any physical installation.

DEXMA, based in Barcelona, employs 40 people, most of them dedicated to software development and the use of next-generation technologies that involve big data and artificial intelligence. The Catalan company plans to finally start selling the new EnergyGrader tool by 2019 but is currently working on a prototype that will include new functionalities as it is being developed. The company also intends to export its solution in forthcoming years and is now analysing its main markets, which are the UK, France, Italy and the Benelux region.
 
DEXMA’s had a clear business innovation idea but was facing the challenge to identify suitable funding opportunities to implement it. Then, DEXMA contacted an EEN advisor and received advice from ACCIÓ about how to access the SME Instrument programme. The result was an outstanding SME Instrument Phase II proposal submitted in the March 2018 call and awarded with one million euros. The EEN advisor supported DEXMA checking the written proposal and providing added value. Furthermore, when DEXMA was invited to pitch their business project in front of an experts panel in Brussels, ACCIÓ also provided feedback about the ppt file and invited DEXMA to participate in a pitch preparatory session with a jury composed of private investors in Barcelona.
 
 
 
The awarded SMEI project, e4SME, is the first energy efficiency platform for European utilities specifically designed to serve low-budget business consumers (SMEs). e4SME will help utilities boost SME engagement by helping them identify scalable energy savings. To this end, e4SME will target and segment SMEs by energy savings potential and opportunity type, identifying unique operational and retrofit opportunities in near-real time.
Last but not least, once the SME signed the SME Instrument Phase II Grant Agreement with the European Commission ACCIÓ started providing Key Account Management (KAM) services to DEXMA.
 
The new DEXMA software, called EnergyGrader, uses smart algorithms to analyse consumption in different buildings, considering metadata such as the surface area, geographical location or the HVAC technology used, among others. “In a nutshell, we take an automatic X-ray of the consumption of each company, in each building”, explains Joan Pinyol, Managing Director and co-founder of DEXMA. The tool currently offers a precision of 95% in the calculation of building energy sub-consumption.
 
“One of the advantages of this new software is that it reduces the cost of conventional energy audits up to 10 times by instantly reporting the savings potential of your buildings”, says Pinyol. Using big data, the system classifies different companies based on the energy consumption in their buildings and their similarities, in addition to estimating their savings potential and detecting possible improvements while also generating a business energy consumption database.

DEXMA’s tool is targeted at all types of companies, from small and medium-sizes ones to large multinationals, but for now it has ruled out the possibility of using it in the residential sector. “Our main clients are electricity supply companies as they provide energy services and can offer user recommendations”, commented Pinyol. Apart from the companies that have contracted energy supplier services, DEXMA is also targeting its tool at large business groups with many buildings and workers (such as hotel or supermarket chains and banks) which can benefit from centralised, remote energy management for all their buildings. In fact, the Catalan company is now conducting pilot tests with an electricity supply company and another from the retail sector which has many offices, making a total of almost 3,500 managed buildings.
 
'The Enterprise Europe Network advisor helped us through all the process, from identifying a suitable innovation funding programme to providing feedback about the draft proposal before its submission. Their support has been key for the success of our project.' Miguel Crux, R&D director at DEXMA
 
The Enterprise Europe Network assists ambitious SMEs to innovate and grow internationally. EEN Consortium in Catalonia is leading by ACCIÓ. The Barcelona Chamber of Commerce and the General Council of Catalan Chambers of Commerce take also part of the Consortium.