Funding bodies put confidence in spin-off company

As electricity supply becomes increasingly environmentally friendly and small-scale, the power grids become more complex. If something goes wrong and an alarm goes off in the control room, there are no longer 'only' a hundred or so power stations to which to trace the fault, but now also a growing number of wind farms, solar power stations and other renewable energy sources. The situation is not made easier by the fact that there are often a large number of false alarms as a result of the real alarm. The company GoalArt appears to have solved the problem. With the help of a number of advanced algorithms, developed at Lund University, it is possible to localise the source of the fault a lot more simply and quickly than can be done today. The company recently received SEK 2.3 million from Vinnova and the Swedish Energy Agency to "develop a product for integrated fault diagnosis and root fault analysis for 'smart grids', i.e. intelligent power grids". "The Swedish national grid already uses our services, as does the state of New York, which is one of the seven largest electricity grids in the USA.