In the context of this project, development of the HEART system, which exploits and develops state-of-the-art technologies that combine developments in the area of ”smart” devices with big data, and the Internet of Things, is proposed. The subject of interest is the in-depth understanding of energy consumption in residential environments and either limiting it for the benefit of the tenant or designing services on top of this information for the benefit of energy retailers. HEART’s ambition is to propose and implement solutions by moving from the concept of the Internet of Things (IoT) to that of the Things of Importance (ToI).
The proposed solution as a whole will bypass the given smart meters rollout obstacles by facilitating access to real-time home energy consumption data of denser resolution (100Hz – 1Hz) while existing smart meters provide just one measurement per 15 minutes the next day. On top of that, the total cost of the proposed combination of hardware and services will be significantly less than the cost of the smart meter itself. It is emphasized that a hardware/software combination with the proposed features will be an international product of innovation, at a small percentage of the cost of individual competing solutions, while a real breakthrough is the combination of cutting-edge data analysis algorithms running locally in the device under development, minimizing operating costs and improving users’ experience.