EARTH

The existing EU building stock represents the main challenge for efficient energy use, considering that buildings account for 40% of the total energy consumption and almost 75% of them are energy inefficient. In 2018, the EU policy response amended the Energy Efficiency Directive forcing EU countries to achieve new end-use annual energy savings of at least 0,8%, by establishing national Energ Efficiency Obligation Schemes (EEOS) . In this rapidly deteriorating context, EEOS obligated parties (energy suppliers & utilities, governmental bodies) are actively investigating cost- effective measures for improving the energy efficiency and comfort in residential buildings and reducing the costs of end- use.

DOMX offers a cost-effective and universal retrofit IoT product that is able to deliver up to 30% of energy savings and shift energy use to times of lower market prices, without affecting the occupants’ thermal comfort. DOMX products and services can offer unique advantages to European Energy Suppliers, by delivering remarkable energy and cost savings for end users and thereby improving their customer loyalty and satisfaction, while enabling the quantification of achieved performance under various KPIs at consumer portfolio level.

Through the EARTH project, DOMX aims at expanding the company’s current offering through an innovative layer of technologies featuring smart contracts, tokens, smart oracles and decentralised identity assets, to establish a secure, privacy-preserving, and trustful mechanism for incentivizing energy efficiency and sustainability for the residential heating sector. The EARTH framework will target i) consumers, allowing them to monitor their achieved energy savings and comfort based on trustworthy data, ii) Energy Suppliers, providing them with a reliable, automated and verifiable reporting mechanism to facilitate their alignment with emerging obligatory schemes (EEOS) and enhance customer retention and acquisition and iii) Authorities entitled to verify the reported metrics empowering them with a secure, trustful and universal service for energy efficiency reporting.

Team

Stratos Keranidis

Experienced Researcher in the development of IoT solutions for Energy Management.

Yanis Papadopoulos

Full Stack (MERN / Web3) Developer.

Entity

DOMX

DOMX develops innovative IoT and AI-powered solutions for smart energy management in buildings.

Website: www.domx.io