Sense Announces Strategic Investment from Analog Devices
New investment will enable further development of scalable grid edge technologies for a reliable grid
Redefining the future of intelligent systems by evolving from a component supplier into a trusted provider of complete solutions and actionable insights for grid solutions, ADI is the ideal partner for developing the grid edge processing necessary for the energy transition. Together, the companies will work with smart meter developers and others in the energy industry to accelerate the adoption of high performance data and computation capabilities to enable a smarter grid.
"Analog Devices and Sense are strongly aligned in our belief that smart meters are the ideal platform for a more intelligent electric grid, which is key to cost-effectively unlocking the energy transition," Sense CEO
Sense turns high-resolution waveform data in modern smart meters into real-time insights, giving utilities unprecedented visibility into the distribution grid. This software also can provide consumers with real-time applications to better manage energy use in their homes, including automating key devices to better match the availability of energy on the grid.
"For intelligence at the edge, the industry needs scalable and affordable solutions that can extract actionable real-time insights for consumers and enable meaningful visibility and controls for grid operators," said
Sense has focused on integrating software into smart meters for nearly a decade. As a pioneer of deploying software solutions in next generation smart meters, the company has expanded its partnerships with meter manufacturers and electric utility companies. Over the next decade, Sense software will be deployed on tens of millions meters in
"Sense is helping unlock a new layer of intelligence across the distribution grid," said
ADI joins existing investors in supporting the company's mission to empower utilities with the knowledge and solutions required to build a more affordable and resilient electric grid.
About Sense
Sense is making the energy transition accessible to everyone. Sense's embedded intelligence redefines how utilities and consumers interact with homes and the grid. By partnering with meter manufacturers, Sense delivers software driven by high-resolution data that's vital for utilities to better engage with customers, detect devices, balance load, forecast demand and identify anomalies. Our consumer-facing app makes homes smarter, empowering home dwellers to make better use of their energy, lower electricity bills, and reduce their carbon footprint. Learn more at https://sense.com.
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SOURCE Sense
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