Navetas Energy Management

Navetas Energy Management, founded in 2008 by former Actaris Metering Systems executives Chris Saunders and Chris Shelley, operated in the energy management sector, focusing on providing solutions for both businesses and consumers to monitor and reduce energy consumption. The company's chairman, Mike Mannering, brought extensive experience from the international energy markets. Navetas originated as a spin-out from the University of Oxford, transforming a university concept into its core technology.

The firm's core offering was an energy disaggregation technology. This system utilized advanced software algorithms and artificial intelligence on a low-cost hardware platform, which could be integrated into products like smart meters. From a single point on the electricity supply, the technology could identify and calculate the energy consumption of individual appliances within a home. This provided consumers with detailed, itemized information about their energy usage, aiming to empower them to make informed decisions and reduce waste. The associated consumer-facing product, known as Loop, featured an engaging user interface and a robust back-end to handle large volumes of data, presenting energy consumption in an accessible format. The Loop app, available for free to households with smart meters, analyzes usage data to help users track consumption, identify waste, and understand appliance running costs.

Navetas's business model involved both direct-to-consumer offerings and strategic partnerships within the energy industry. The company secured significant venture capital from Swarraton Partners and Naxos Private Equity upon its launch. A pivotal moment came in 2012 when it secured a £5 million investment from Sensus, a smart grid technology firm, for a 15% stake. This deal included an exclusive license agreement to integrate Navetas's disaggregation technology into Sensus's next-generation smart meters for the U.S. market. The company also had a technology partnership with Texas Instruments to embed its monitoring technology on their processor platforms. UK Government records indicate that Navetas Energy Management Ltd. is now dissolved. However, the Loop brand and its energy-saving app continue to operate, developed by Trust Power Ltd.

Keywords: energy management, energy disaggregation, smart meter technology, electricity consumption monitoring, home energy analytics, appliance-level data, energy efficiency, consumer energy savings, venture capital, university spin-out, energy data analytics, Loop energy saver, Chris Saunders, Chris Shelley, Sensus, Texas Instruments, smart grid, energy conservation, residential energy, utility partnerships