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Waterjade: the global platform to predict water resources

Project description

New technology to fill up water resources

Water scarcity from environmental changes is taking its toll on numerous sectors, particularly the energy sector. The absence of effective methods to predict the quantities of water produced from snow and rivers represent a key issue for hydropower companies. The EU-funded Waterjade project is behind a new technology that exploits a range of data sources on weather predictability and satellite information. It aims to help prognosticate the water quantity expected per year with reliable precision. While Waterjade’s clients were initially hydropower plants, the project is now starting to work with public and private entities to predict conditions such as drought or avalanches.

Objective

"Water is called the new gold of the 21st century, yet, due to climate change, water resources are becoming ever more discontinuous, creating hazardous sitations and big uncertainties in numerous sectors, like energy, where water is the primary ingredient for daily operations.
One of the most recurrent question raised by professionals is: ""how much water is there and when will it become available""?
We have developed a new technology, called Waterjade, capable of predicting water resources at high resolution, both in terms of snow and river discharge. Differently from other competitive technologies, it adopts a physically based modeling approach that integrates multiple sources of data, like in-situ stations, numerical weather predictions and satellite data. The advantages are increased accuracy and scalability to ungauged basins.
Our customers are hydropower companies, whom we deliver a service of snow monitoring upstream the production plants, so they can quantify the energy that is likely to be produced in the long run, and a service of short-term inflow predictions to the plants, useful for safety reason and to optimize the energy production. We are extending the service of snow monitoring also to the public sector, that use it for safety reasons (avalanches) and as an index to anticipate drought.
Working with public and private sectors is giving positive feedback, both in terms of credibility and accuracy as we can benefit from the capillary distribution of in-situ stations from public agencies.
The business model is a ""subscription-based Service"" to the Waterjade portal and the market potential is estimated in about 500 M€/y worldwide, with great potential in particular for hydropower, Europe's and world’s largest renewable energy resource.

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Programme(s)

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Topic(s)

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-EIC-SMEInst-2018-2020

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Coordinator

WATERJADE SRL
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
VIA GUARDINI 24
38121 Trento
Italy

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Nord-Est Provincia Autonoma di Trento Trento
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
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