Energy, innovation together
The goal of the Amsterdam Smart City project i s t o experiment with smart technologies that save energy and to encourage and enable sustainable energy choices by those residing in Amsterdam. The project addresses energy conservation and CO2 emission reduction and innovation-based economic growth.
The Amsterdam City Project follows a 50:50 public-private model jointly funded by EU, city government, and private participants.
A separate funding body called the Amsterdam Smart City foundation ( ASC) has been created to oversee smart city initiatives. The Amsterdam City Foundation (ACF) is funded and co-owned by Amsterdam Innovation Motor (AIM) and Alliander. While, AIM is a government entity receiving funds by EU, Alliander, a Dutch energy company, is a private participant. AIM and Alliander are sources for the Fund. ACF manages appropriation of funds and outsourcing of services, private participants and service providers. The recipients of this fund who help build the smart city are private players such as Philips, Cisco, JC Decaux, IBM, Telematica, Rabobank, GVB and Far West.
Through this successful funding mechanism, Amsterdam aims to promote smart and sustainable urban living by reducing CO2 emissions by 40%, from the 1990 levels, by 2025. Moreover, the Smart Energy Project in Amsterdam has a multitude of stakeholders contributing in different ways to the project. Cisco is developing a network to connect household appliances to an energy management system. IBM is working to create household networks, including connecting the home network to the Internet. Accenture is managing the integration of smart grid technology such as smart metres. Nuon, a Dutch utility, is developing applications for the energy management system.