ABB Startup Challenge 2024

Electrification Smart Power

Presented by Lara Cortinovis,
Executive Sponsor

Agile Unit Leader Distribution & Energy Management,
Electrification Smart Power, ABB

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MVP development & long-term collaboration with ABB

AI-based digital optimization engine for energy management

We are looking for cutting-edge digital solutions that leverage an AI- based engine and advanced data analytics to optimize energy usage, with a focus on industrial and commercial buildings. The ultimate target is to provide the users of energy management platforms with a list of short-term (24h) actions that can have a real impact on energy efficiency, cost reduction, and decarbonization.

Description of the division participating

ABB’s Smart Power Division’s technologies enable buildings, factories and transportation to make energy management smarter, renewables more productive and operations more resilient. Its intelligent solutions make power more competitive by improving the energy efficiency, productivity and reliability of almost any operation. From cloud-based energy management to predictive maintenance, innovations from ABB Smart Power equip utilities, industries, transport and infrastructure for the energy challenges of today and tomorrow. Its product portfolio provides the latest and most advanced technologies in power conditioning, low-voltage circuit breakers, switches, motor protection and control, and safety products. Active in 53 countries with 31 manufacturing facilities worldwide providing fast, responsive local support, our global team of 12,600 employees shares a passion for innovation, a belief in quality and a promise to do business with us easy.

The challenge

  1. What is the problem we are trying to solve?

    Users of energy management platforms seek real actions that lead to improved energy efficiency, cost reduction, and decarbonization of their facilities. Currently, the ABB AbilityTM Energy Manager platform is used to collect and analyze energy data, focused on electric data. The challenge is to transform this data into a suggested list of actions and leverage external data inputs such as energy tariffs, utility data, and contractual bills.

  2. What is the solution to develop?

    We are seeking a comprehensive AI-based solution for ABB AbilityTM Energy Manger, that enables our customers to make informed decisions on actions that improve their daily energy consumption* Comprehensive means a solution that integrates external data from third parties (such as tariffs, energy market fluctuations, data from utilities, private electricity contracts details, etc.) and can provide concrete actionable steps for improved energy usage.

    Minimum Outcome Maximum Outcome

    Conceptualization & technical assessment of the solution

    Real PoC/demo tailored on the case, showing a possible working solution for the actual challenge

    PoC/demo to demonstrate the potential of the technology (no need to use the specific challenge case/data)

    Business model approach for joint go-to-market proposition

  3. What is the impact of the solution on our business and/or customers?

    For our customers:

    • Actions that have a tangible impact on energy efficiency, cost reduction, and decarbonization
    • Powerful digital AI-based tool to innovate the way energy data is analyzed
    • Solutions that help forecast energy consumption, key to smart grids of the future

Key technologies and applications addressed in the challenge

Key Technologies Key Applications
AI based algorithms bundled into a digital optimization engine/model Load management within the energy management field
Data integration (external available data into ABB AbilityTM Energy Manager platform) Decarbonization and cost-savings (energy) for users of Digital Platforms in industrial and commercial buildings
Forecasting algorithm (ABB AbilityTM Energy Manager) as input to the engine/model (suggested) or better forecasting algorithms to be proposed Data handling and valorization of the features of the ABB AbilityTM Energy Manager platform (e.g., forecasting algorithm)

Focus segments

  • Industrial and commercial buildings

Additional information and links

Note: we are NOT looking for a hardware-based proposition

Winners earn

  • Opportunity to show and share the solution in a pilot or customer test case
  • Access to lab environments we jointly use with customers, allowing ABB customers to actively experience the solution and share their feedback
  • $30,000 to collaborate and develop the solution with ABB
  • 6-month free SynerLeap membership – ABB’s startup accelerator – that will boost your growth and visibility across ABB, our partners and customers (value $10,000)
  • Exclusive mentoring sessions with Microsoft startup advisors

Ready to power progress together?

Download the ABB application PowerPoint template for the ABB Smart Power 2024 Challenge.

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ABB Expert Collaboration

You will receive dedicated support from ABB during the 10 days of the challenge from the following global Smart Power division experts:

  • Image Description

    Matteo Varisco

    Product Owner, Digital Innovation Agile Team

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    Mandelli Giulia

    Chapter Leader, Digital Data Architecture, Engineering & Science

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    Francesca Stucchi

    Agile Team member, Digital Innovation, R&D Software Engineer

Introduction to the Smart Power challenge

ABB Startup Challenge 2024

Power Progress with AI