- The company will act as a Digital Energy Service Provider and will receive a contribution of approximately Euro 351,000 from the project “SIESTA – Secure Interactive Environments for SensiTive data Analytics”, financed by the European Commission under the Horizon Programme
algoWatt S.p.A., a GreenTech Solutions Company listed on the Euronext Milan market of Borsa Italiana, announces that it has been awarded a loan of approximately Euro 351,000 for Digital Energy Service Provider activities on the “SIESTA – Secure Interactive Environments for SensiTive data Analytics”, project, financed by the European Commission under the Horizon Europe programme. The SIESTA project, with a total duration of 36 months and EU funding of approximately EUR 5 million, is coordinated by the Agencia Estatal Consejo Superior de Investigaciones Científicas (CSIC, Spain). algoWatt is leading the work package for a specific use case in the energy sector, with a focus on energy communities. The objective is the creation of a secure information hub for Renewable Energy Communities (RECs), capable of ensuring reliable, privacy-compliant, seamless and even cross-border access, re-use and exploitation of technical information associated with energy consumption, production and storage. At the heart of the SIESTA project is the management of sensitive data: an ever-present challenge for the organisations that generate and use them. Providing access to these sensitive data sets for fair use is even more challenging, especially when the data involve people and data protection regulations must be respected. At the same time, Open Science standards support the publication of open data as an essential tool to build an informed society, as well as to enable the improvement of services and solutions, including commercial ones. Indeed, it is crucial to re-use data to maximise the return on investment both in further research initiatives and in initiatives that proactively engage society, but this is often not the case when data are of a sensitive nature and the tools for access, sharing and re-use are inadequate for the purpose. In this context, the SIESTA project will provide sensitive data stakeholders with a set of tools, services and methodologies to enable effective sharing of sensitive data, so that researchers and data scientists can productively exploit these resources. Following a cloud-based model and approach, SIESTA will provide user-friendly tools with the aim of promoting the adoption of sensitive data sharing and processing in the European Open Science Cloud (EOSC). The overall objective of SIESTA is to provide reliable cloud-based environments for managing and sharing sensitive data, built in a reproducible manner, together with a set of services and tools to facilitate secure data sharing through state-of-the-art anonymisation techniques. The SIESTA platform will focus on usability and reproducibility to ensure a low barrier of entry for new users and data stakeholders, as well as provide a way for researchers to replicate a given analysis environment. The SIESTA project received funding from the European Union’s Horizon Europe research and innovation programme under Grant Agreement No. 101131957.
