Neuchâtel (CH) / Edinburgh (SCO), 17th May 2016 – A research and development project worth £900,000 has been launched in Scotland to develop breakthrough technology in the energy efficiency market.
NetThings, an Edinburgh based “internet of things” company has partnered with CSEM a Swiss private, non-profit research company to develop an analytical platform to save energy and increase equipment reliability in commercial buildings.
The two-year project aims to save significant sums of money for governments, councils, schools and commercial properties. It achieves this through connected hardware and software that will both monitor and control energy usage, and flag when specific plant and machinery requires servicing thus optimising efficiency of operation and reducing down time. Due to NetThings’ vast experience in the market with current energy management systems, the breakthrough technology can be commercialised at a price and footprint not previously imagined, meaning significant savings and fast returns on investment for companies globally.
In the UK alone there are a record 5.4 million private sector businesses, up 3% from 2014*. Many of these properties have limited options for energy management with traditional Building Management Systems (BEMs) often only installed at construction stage due to cabling and instrumentation which is complex, time-consuming and disruptive to business. One of the intended deliverables from the project is a system that will offer a low cost solution, easily retrofitted, to the millions of buildings that are currently being neglected. George McGhee, NetThings CEO, said: “The EU has ambit
