ENERGY TECH MISSION

ENERGY TECH MISSION

ENERGY TECH MISSION

THINGS vision is to transform innovation in small companies into large-scale value creation through collaboration with corporation.

In this Energy Tech Mission, we’re spot-on.

This time, we are collaborating with Hitachi Energy, a leading global player in the energy industry,
to help finding new solutions supporting their business processes.

Energy Tech Mission 2021 is now closed for applications.

Selected companies are currently in the process of developing MVPs, while we are planning additional activities to provide additional benefits and network to applicants.

Details will be communicated to individual applicants.

The win-win

What’s in it for you?

You get an opportunity to scale your solution globally with Hitachi Energy. 

What is Hitachi Energy looking for?

To offer customers best in class service solutions to improve reliability, safety, and sustainability of their power assets by involving creativity, experience and technology.

Electrical substations are core to the electricity distribution networks. Millions of substations serve as interconnection points between generation, transmission, distribution, and customers. High (>60 kV) and medium (20-60 kV) voltage substations are critical assets in the power sector and will be the backbone of the entire energy system with lifecycles of more than 30 years.

Aging components cause risks of failures, affecting essential power supply across countries. Major failures cause expensive power breaks and potentially serious incidents with fires and explosions. Many of the electricity substations are very old and located in difficult surroundings, many of them belong to the public network, while others are located in industrial facilities.

Like most infrastructure, electrical substations benefit from digitalization and the use of sophisticated technology when it comes to safety, security, control, maintenance, and repair. While most modern substations are digitalized, older ones are not, and physical inspections remain the only way to control them. These inspections require experts and extensive traveling, making it a long and expensive process.

Hitachi Energy is continuously developing new services in this area. As an example, they recently launched Reliability Space™, where they help customers around the world in their work to deliver electricity in a resilient, secure, and safe way.

Hitachi Energy is now looking for innovative ways to make inspections of electrical substations more interactive with customers and therefore more efficient, be it faster, more precise, less frequent – or another solution you might have!

Timeline

Dec 12, 2021: Application closes
Dec 6-13, 2021: Review of applications, confirmation to selected participants

Dec 8-15, 2021: 40-min online presentations by selected applicants on their company and suggested MVP
Dec 11-17, 2021: MVP agreement reached.
Dec 20, 2021-Feb 28, 2022: MVP implementation

Mar 2022: Presentation of MVP results

Dec 12, 2021
Dec 06-13, 2021
Dec 08-15, 2021
Dec 11-17, 2021
Dec 20, 2021-Feb 28, 2022
Mar 2022

Application closes

Review of applications, confirmation to selected participants

Online presentations by selected applicants on their company and suggested MVP

MVP agreement reached

MVP implementation

Presentation of MVP results

Selection Criteria

Scalability – Ability to implement and scale internationally

Impact – Relevant and desired improvements for Hitachi Energy, be it improved customer interaction, reduced work effort, increased efficiency, or other

Return On Investment – What and how fast is the expected value realized

Compatibility – Offering compatible with Hitachi Energy values and offering

Feasibility Ability to verify results by end of Feb 2022

Energy Tech Mission Team

Tim Schneider
Global Product Mgr,
Hitachi Energy

Christoffer Jonsson
Business Dev & Innovation,
Hitachi Energy

Magnus Melander
Evangelist, THINGS

Linda Krondahl
CEO, THINGS

Hitachi Energy

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. They serve customers in the utility, industry, and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, they pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. 

THINGS

THINGS was established in 2014 to learn how to transform innovation in small innovative tech companies to value creation in large companies through collaboration. With the mantra ”hands-on and business first” THINGS has developed a community of some 100 member companies, 50/50 tech companies, and corporates from Tokyo to Silicon Valley. The objective to enable sustainable business relationships for our members to focus on Deep tech in Industry, Infrastructure, Utilities, and Mobility. THINGS partners in key domains and geographies enable THINGS to deliver high-quality cross-border services to our members. For more information please visit www.thingstockholm.com 

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