The
European Commission said the EC has launched the Big Data Technologies Horizon
Prize for optimising the use of energy grids through a more precise forecasting
system. According to the Commission, a total sum of €2 million will be awarded
to the winning data analytics solutions that devise an energy grid traffic
forecasting system that is accurate, fast and scalable.
The three
top ranked contestants will have to develop software solutions that will be
designed to analyse extremely large collections of datasets, from time
recordings of weather conditions to operation of energy grid management.
Another
emerging technology prize was launched last week, when the Commission announced
the €5 million European Innovation Council (EIC) Horizon Prize on Blockchains
for Social Good.
According
to the Commission, it will award 5 prizes of €1 million to social innovations
using Distributed Ledger Technology (DLT), including blockchain based
solutions. The prize is the third of six EIC Horizon Prizes. Both prizes are funded
under Horizon 2020, the EU’s research and innovation programme.
https://www.neweurope.eu/article/eu-launches-e2-million-horizon-prize-forecast-energy-traffic/