Sensus invests $6.5 million for 15% stake in Navetas

Sensus, a provider of smart grid infrastructure technologies for electric, gas and water utilities, last week announced it has invested $6.5 million for a 15% stake in Navetas Energy Management in order to have exclusive rights to market its technology in the United States.


Navetas’s (Suffolk, U.K.) patented energy management software allows consumers to monitor the electricity consumption of discrete devices on their premise.


Utilities deploying the licensed wireless Sensus (Raleigh, N.C., USA) FlexNet advanced metering infrastructure (AMI) system will be able to use the Navetas software as an optional service that provides residential and commercial customers with an online portal or mobile app showing precise electricity consumption data from various appliances. The system gives consumers access to detailed information about daily usage patterns and the cost associated with each device, allowing them to manage consumption, says Sensus.


“Many utilities offer online portals that allow customers to see their aggregate electricity consumption,” said Sensus vice president of corporate strategy and business development, Matt Zafuto. “Our technology allows the customer to see disaggregated data such as the electricity consumed by a water heater in the basement or a toaster oven in the kitchen and know how much each device costs them to operate.”


According to Sensus, the agreement strengthens its global application portfolio as it continues to extend its open standards-based AMI system platform to customers in the U.S. and beyond.


 “The game changer is that utilities will be able to offer this service through the AMI system without their customers having to purchase or install equipment in the premises to gather and present the data,” said Zafuto.


Utilities can offer the non-intrusive load monitoring (NILM) technology as a service to facilitate broader customer engagement, producing an online dashboard with comprehensive energy profile data so that the consumer can make informed decisions on their monthly utility spend, according to Sensus.

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