Artur Löwen, Managing Director of Gridhound, briefly introduces the company and its Graice (Grid Artificial Intelligence Computing Engine) product suite.
SPARK claims to be the world’s most exciting future energy event. “Where disruptors and innovators spark new thinking. Where fresh business models are created. And where the leading minds of old and new energy – from the old and the new world – combine to create the future.“
Gridhound will participate as a start-up in both the main digital event on
15-16 September, as well as during the Pre-Event Summit:
9th September 2020, Start-Up Panel – Smart Grids:
Applications of data for the smart grid
What are the challenges for implementing virtual power plants
How does V2G unlock greater flexibility?
The Role of Demand Response in Renewables Integration
You can find out more here: https://www.terrapinn.com/exhibition/spark/index.stm
Gridhound secures financing from a Hamburg family office, additionally increasing the participation of existing investors.
The energy and AI start-up acquires half a million euros to support the energy transition in the distribution power grid.
Aachen, Germany – 24/o6/2020 – Gridhound has successfully raised half a million euros for its seed round. The new lead investor is a Hamburg-based family office, which brings on board top-class expertise in areas relevant to Gridhound, including intelligent energy metering services and energy supply. The Business Angels Prof. Dr. Klaus-Dieter Maubach, Robert Hienz and Managing Director Dr. Helmut Bergstein, who have already been involved, have used this round to invest again in the spin-off from RWTH Aachen University. The Dutch start-up accelerator-VC Rockstart will also be part of the new shareholder group.
Gridhound uses a patent-pending process that uses artificial intelligence (AI) to enable observability and optimal positioning of measuring points in the distribution grid. The company will use the financial resources especially for customer acquisition and product development.
The Gridhound team combines knowledge and tools from the fields of power systems, AI and software development. This results in a reduced requirement for measurement devices of about 95% compared to the classical state estimation. Due to the experience gained from the positive completion of several EU-Horizon 2020 research projects and after changing the company to a GmbH, Gridhound successfully entered the market in 2019. In close cooperation with European distribution system operators, Gridhound is now demonstrating that the transfer from innovative concept to commercial launch is working.
“Gridhound is a true pioneer in the use of AI in the electricity sector. Distribution system operators must keep up with the ever-increasing challenges posed by the energy transition. With Gridhound’s AI-based software, grid operators gain complete transparency, more quickly and at a significantly lower cost, as to how existing grid capacities can be optimally utilised or where grids need to be expanded,” says Prof. Dr. Klaus-Dieter Maubach, Chairman of the Supervisory Board of Uniper
Gridhound has positioned itself as one of the leading AI start-ups and experts in state estimation for distribution grids. The use of AI provides the energy industry with much-needed data, particularly for monitoring and planning purposes. The company promotes the energy transition through its contribution to digitalisation, automation and intelligence in the power grid.
The association „Förderer der Energie- und Informationstechnik für zukunftsfähige Netze Aachen e.V. (FEIN Aachen e.V.)“ aims to promote science and research in the area of energy and information technology for sustainable grids.
We are pleased that Dr. Tim Schlösser and Artur Löwen from FEIN e.V. will give the following presentation:
Dr. Tim Schlösser: “AI-based state estimation for full observability of distribution grids”
Artur Löwen: “Ask me anything session”
Date: Wednesday, 4th March 2020
Registration: For Members and Guests of FEIN e.V. – Cost-free
Venue: E.ON Energy Research Center, Room 00.26 & 00.27, Mathieustraße 10, Aachen
In 2020 we will continue our mission to enable observability in the distribution grid through the use of artificial intelligence.
For the first time, we are also exhibiting our topic with our own stand (Hall 4, 4-701) at E-World (Essen) – in the “Innovation” area. And also as a participant of E-world´s Speed-Dating we are looking forward to being there again.
In addition, we would like to invite all visitors to our presentation “AI-based state estimation for full observability of distribution grids” at the Energy Transition Forum on 13 February at 2 pm.
The presentation is part of the slot “Smart Grid Approaches – IoT, AI and Cybersecurity” and will be held by Artur Löwen.
Make an appointment and visit us!
We are looking forward to meeting you in Essen!
The article of Dieter Keller-Giessbach and Artur Löwen on the potential of using AI in the distribution grid – making grid monitoring more intelligent at low cost
Utility 4.0 on Xing: https://www.xing.com/communities/groups/utility-4-punkt-0-d52b-1088298/posts
Utility 4.0 on LinkedIn: https://www.linkedin.com/groups/8526089/
We are delighted to have been named a finalist at the UK Energy Innovation Awards 2019 in September. Congratulations to all winners.
IP transfer from RWTH to Gridhound – enabling Gridhound to go beyond Smart Grid.
We are proud to announce that on 5th of July we signed a license agreement with RWTH Aachen.
Gridhound is part of the Rockstart Smart Energy Accelerator Program!
The official nomination of this year’s participants is still pending, but we are pleased to announce in advance that we will be there.
Rockstart was founded in Amsterdam in 2011 with the aim of providing start-ups with access to the market, capital, knowledge and community. Since then, Rockstart has specialized in building entire ecosystems around specific areas such as Digital Health, Smart Energy and Artificial Intelligence. Rockstart is an international team of more than 40 people dedicated to supporting and developing start-ups to become scalable and turn their world around for the better. Until today, Rockstart has invested in more than 100 start-ups, helping them to raise more than 62 million euros and employ more than 630 people.
“We’re extremely happy to have Gridhound in our accelerator program. Their tech is world-class and super relevant for tomorrow’s distribution grids. We’re keen to boost their commercial growth and finding the best investors for them.”
Freerk Bisschop, Program Director Smart Energy
After the first successful field tests in Germany and from our EU projects, we want to use the Rockstart Accelerator and its network to identify and take into account the challenges of the energy transition in general and the needs of distribution grid operators throughout Europe in particular. With our products SeAn (Sensitivity Analysis) and MoSES (Monitoring, State Estimation and Services), which require only a minimum number of measurements and thus also only a minimum number of hardware in the grid, based on a machine learning approach, we can provide the necessary observability in the distribution network for the integration of further renewable energies and further consumers, e.g. from the area of e-mobility. On the basis of this information, the network operators can relieve the network, guarantee a secure power supply and plan the expansion based on facts.
Artur Löwen about participating in the Rockstart Accelerator:
I am happy to have been selected with Gridhound from over 60 start-ups and to discuss our topic with the expert mentors and the network of Rockstart. Today’s energy supply is on the verge of collapse; without intelligent grid control, which can only become intelligent through the observability of the grids, the energy transition is in danger. I think that with decreasing storage prices, power storage represents an important building block in the overall concept of intelligent grid control. Nevertheless, this intelligence cannot be achieved without innovative software solutions and other modules. Here I am also looking forward to the exchange with the other start-ups from the program.
Distribution network operators are facing the challenges of integrating an increasing number of renewable energies. At the same time the raise of electrification of heat and transportation is changing people´s consumption habits, which puts a growing risk on network stability.
Adressing these challenges, :agile accelerator startup Gridhound is inviting you to learn about grid awareness and discuss solutions that enable distribution system operators to proactively avoid problems and optimize grid operation. In this context Gridhound is one of the partners of the ADMS Horizon2020 Fast-Track-To-Innovation EU-Project. This event is the final dissemination event for the ADMS project.
Your participation to this invite-only event, for experts of the energy and grid sector, is highly appreciated and your contributions to the discussions highly welcome. Send us an email to email@example.com to request the link and password to the event organization portal.
Date and Time
Tue, September 4, 2018
1:00 PM – 5:30 PM CEST
Welcome by :agile accelerator powered by E.ON
Keynote by Dr. Wildberger, E.ON, CMO
“The ADMS project”, Prof. Antonello Monti, Project coordinator, RWTH Aachen University, Germany
Panel discussion “Relevance of Smart Grid Technology for the future of grid operation”
Presentation of project results by the partners of the ADMS consortium
Presentation of experiences and learnings from the field trials (DE, IT, IE)
Fact-check of ADMS project by E.ON Metering
Grid Awareness –
Applied from copper to cloud
52068 Aachen, Germany
Phone: +49 241 9278769-40