Public Funding for Eyesea Green Limited

Problem: A critical need to achieve decarbonisation and net-zero is to implement better strategies to control our energy usage. The aim of these strategies is to reduce energy usage whilst improving living conditions. A market survey by Eyesea Green (ESG) has shown that more than 90% of commercial buildings still use conventional energy control systems resulting in more than 30% excess wastage and poor monitoring of work and living spaces conditions. Solution: To address this need, ESG has developed an innovative and disruptive distributed building energy management system named Eyesense. In trials with its rapid prototyped version over the last 12 months in the Purpose Built Student Accommodation sector has shown an average energy reduction of 35% and an ROI of 2 years. Eyesense stands out by offering more than twice the energy savings of current energy management systems whilst improving living comfort. Eyesense has already gained early recognition through nominations for two innovation awards in a single year. Opportunity: There are currently 1000 trial Eyesenses in the field. The significantly greater benefits of Eyesense over current solutions has already led to a large demand. The UK market potential alone for Eyesense is £275 million with the global market being significantly larger. Project: To capitalise on this significant market opportunity, ESG requires pre-commercialisation support to transition from small scale production of its rapid prototype trial devices to a commercially ready product. This project will focus on four aspects, (i) scale up hardware production using mass manufacturing methods, (ii) scale up its cloud based platform, (iii) develop production quality control and testing procedures and (iv) conduct customer validation and feedback studies. This support is crucial for ESG to move towards a business model that combines hardware sales with a subscription service, offering added value. With this support, ESG aims to enhance its competitiveness through increased product reliability, cost efficiency, and product desirability. The project's deliverables include a scalable commercially ready product, establishing rigorous quality control processes, and fortifying the product's market position. ESG's approach includes leveraging existing capabilities, experience and expertise to ensure maximum project impact. Benefits: The deployment of Eyesense presents economic and social benefits, including energy savings, maintenance efficiency, healthcare cost reduction and environmental footprint reduction. It aims to position the UK as a leader in IoT and Industry 4.0 energy technologies, promoting sustainable building technologies and supporting net-zero targets.

**Problem** Most Purpose Built Student Accommodation (PBSA) have the potential to reduce energy usage by 25% but to achieve this, you need a building energy management system (BEMS). However, current BEMS have a centralised architecture that makes it very expensive and less flexible and are therefore not widely used. **Solution** Our solution is a distributed energy management system (DEMS): every room has its own simpler energy management system called EyeNode, while all these EyeNodes (rooms) are coordinated wirelessly by a simple central server. EyeNode has been developed by EyeseaGreen over the last 12 months. A small number of EyeNode components have been successfully trialled over the last 6 months but to enter the PBSA market with this disruptive product, it is essential to conduct a large-scale trial at a reputable institution. **Project, Objectives and Focus** Our project is to prove the business case for the use of a novel DEMS by conducting a large-scale trial in 200 rooms at Churchill College, University of Cambridge. The objectives of the project are (i) adaptation of EyeNode for site-deployment, (ii) demonstration of the use of EyeNodes in 200 rooms and (iii) data collection and comparison against a prior energy usage baseline to prove the energy savings achieved. Our focus is to ensure that this project provides evidence of a strong value proposition for EyeNode, which will give strong credibility to the technology and reduce the barriers to market entry. This will directly lead to EyeNode's commercialisation at a time when it is most required to tackle the current energy and climate crisis. **Innovation** EyeNode integrates EyeseaGreen's novel room sensor, EyeSense, with smart devices. This enables EyeNode to control energy usage in a room at less than one-tenth the cost of BEMS, whilst adding more functionality and better scaling potential. The implementation of DEMS in PBSA is novel and has the potential to disrupt a stagnating industry. **Benefits** In the UK, there are 680000 PBSA rooms (42% University-owned) and this total addressable market of EyeNode has an estimated potential annual CO2 emissions reduction of 162000tons with an annual energy saving of £88million. The rapid growth of EyeNode technology will reduce energy wastage, reduce CO2 emissions, promote better wellbeing, improve productivity and actively target net-zero.