TORONTO, Dec. 3, 2013 /CNW/ - Smart Energy Instruments (SEI), a Toronto-based cleantech company with a unique solution to improve electric grid reliability, and Hitachi High-Technologies Corporation of Japan, today unveiled the first component of SEI's planned chipset product line for smart grid applications in an event at MaRS Discovery District. Full news release here.
"To turn a grid into a smart grid, you need visibility. Highly detailed, real-time visibility on the grid is what SEI's chipset provides. It's so detailed you can even see which direction power is flowing," said Tom Rand, co-managing director, MaRS Cleantech Fund and SEI Board member. "Without low-cost, high-granularity visibility into the grid there's just no 'smart' to 'smart grid.' SEI provides unparalleled visibility at a highly competitive price."
This move enables SEI to leverage the global reach and robust supply chains of HHT to bring their smart-grid solution to global OEMs, like GE, Siemens, ABB, etc. MarS Cleantech Fund has co-invested in three rounds in SEI.