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EnergyLighT is an effective combination of IoT, hardware and software. First of its kind for its innovative approach, is made out of hardware designed and integrated with state-of-
About
IoT technology solution which turns the streetlights into intelligent sensors EnergyLighT (ELT for short) is the name of the product family conceived by LTEG, which opens up new opportunities for intelligent lighting especially for the private market. Effective combination of IoT, hardware plus software, it is plug & play and retrofit compatible with existing LED network lamps. It is made out of hardware designed and integrated with state-of-the-art IoT technologies and communication systems. The system monitors, tracks and allows to remotely control streetlight/lamp post - energy consumption through cloud computing whilst collecting data from the environment thanks to sensors. The sensors (motion) allow the system to self-adapt to the needs in terms of energy, enhancing high energy saving (up to 80%) and ensuring the highest level of safety. LT Energy Group keeps software and collect and organize data freeing customers from additional headaches. Then the energy consumption data is translated into periodical energy consumption reports for customers. The hardware components are procured and specifically assembled and configured by the team which then apply its proprietary developed Energy Management software (the Innovation part). It comes with 3 packages for the Private market (B2C) depending on customer needs: 1 - EnergyLighT - Micro (total streetlights < 60) 2 - EnergyLighT - Business (total streetlights <200) 3 - EnergyLighT - Beehive (different assets in different locations totaling more than 200 streetlights) And one extra for B2G: 4 - EnergyLighT - City Since we focus particularly on Private market as well, we have come out with some special packages to keep the ROI convenient for our clients. LTEG keeps and organize energy consumption data internally in order to release customers from learning complex platforms by cutting operations costs which then reflect in affordable adoption price, allowing customers to save energy and money. This solution flexibility marks a huge difference with available offered solutions, where after the installation the customer is still responsible for it. Thanks to collected consumptions data and to the high level LED life reliability, with EnergyLighT it will be possible to save money indirectly also on Maintenance developing predictive maintenance plans.
Key Benefits
Benefits: • Energy saving • Money saving • Predictive maintenance enabled thanks to data • Short Payback period
Applications
The target market was measured to be worth just over € 700 million globally. LTEG concentrated on segmenting the market in Italy considering geographical and time-to-the-market reasons. In Italy the Smart Lighting market grows and will grow for the next 5 years with a CAGR of 18%. The Italian market, following careful market research conducted, was segmented as follows: 1 - COMMERCIAL / SMEs (B2B) In Italy there are 606224 units. 30% of these have already been served; for a good 40% of these the ELT solution is not applicable. We consider 25% of these not interested in our solution. For these reasons, the available market is reduced to 30311 units. For this type of category, the solution is sold on average at € 5,000.00. Assuming a SOM (Serviceable and obtainable market) of 3%, the Market share would be worth € 4,546,650.00. 2 - OPEN PARKS (B2B) This category includes outlets, large open car parks, and shopping centers. In Italy there are about 1158 units in total. Of these, 10% have already been served, 20% are not suitable for the adoption of the LTEG solution and 20% would not be interested. The remaining part, equal to 579 units, would be obtainable for 8% (LTEG Market share: € 1,111,680.00). In fact, an average solution would be sold for this category at a price of € 24,000.00) 3 - INDUSTRIES (B2B) There are several large industries (also and above all those equipped with production plants) that operate 24/7 without interruption. In Italy there were 141 main industrial centers (in turn made up of several industries). According to the research carried out, 20% of these would already have provided solutions for the energy efficiency of their lighting network; while another 20% would not be interested, and finally for another 20% the solution would not be adoptable. An ELT solution in this category has an average value (sales to customer) of € 29,000.00. LTEG market share would be € 227.360,00. 4 - PUBLIC (B2G) Administrations and public bodies. 7904 units in Italy, of which 10% already served, 30% not easily accessible in the short term because under contract with ESCO company for the management of the lighting network, another 30% are not interested. Of the remaining part equal to 2371 units, the group estimated to be able to obtain a 2% share. In this case, the solution was estimated sold at an average price of € 55,000.00 (LTEG Market share: € 2,608,100.00). ELT solution not applicable can refer to: • SME without its own lighting network • Lighting network with number of light points below 3 street lamps • Other specific situations The factors that influence this market are: • awareness of rational and intelligent use of energy by public and private entities • Digital transformation • Smart city projects • Diffusion of technological platforms for remote management • Realization of the importance of data