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).
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 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.