Navetas and Texas Instruments agree on partnership to accelerate integration of disaggregation technology in new smart meters and smart grid systems
In a deal that will accelerate the time to market for new products based on its unique disaggregation technology, Navetas Energy Management has signed a technology partnership agreement with Texas Instruments Incorporated (TI). The partnership enables the two companies to embed Navetas' innovative technology for home energy monitoring on TI's class-leading processor platforms. By embedding its algorithms on TI's silicon, Navetas will enable the rapid integration and global expansion of its technology into new smart metering and smart grid systems.
Energy disaggregation holds the key to unlocking the true potential of home energy monitoring systems in reducing energy demand and changing consumer behaviour by showing households how much energy each individual appliance is using. Unlike competitive solutions, Navetas' technology is self learning and can monitor appliance-level energy use from a single point, namely the smart meter, in real time.
Energy disaggregation technology applications also include smart grid functionality such as demand response, load balancing and distribution monitoring applications.
Chris Saunders, CEO of Navetas, commented: "This partnership is another major milestone for Navetas. It clearly demonstrates the global potential of energy disaggregation technology as the burgeoning home energy monitoring sector begins to scale around the world. With the support of TI's resources in the development and integration of our technology into their portfolio of high performance processors, we will increase our engineering capacity and expertise, accelerate our time to market for new products and maximise our technology flexibility for our customers."
"The energy sector is a key growth market for Texas Instruments as the implementation of smart meters and smart grids lead to greater demand for processing power throughout the energy supply chain," said Markus Staeblein, General Manager of TI's Smart Grid product line. "Navetas offers an unparalleled expertise in energy disaggregation technology and is a great example of how complex data processing can provide game-changing functionality to our industry. TI is committed to being the market leader in smart grid solutions and our partnership with Navetas will enable us to continue to differentiate and grow our market offering in this sector."