Partnering opportunity

Cost-effective smart distribution board with data analytics

Summary

A Singapore institute has developed an innovative smart distribution board (DB) that is integrated with data analytics, which serves as an accurate and reliable energy management solution. This novel DB is cost-effective and can be used in a wide range of energy monitoring applications, including residential estate development, offices, hotels, and schools. The institute is seeking to collaborate with SMEs of any size and MNEs through licensing partnerships.

Partner sought

The Singapore institute is ready to licence the technology with stakeholders from SMEs of all sizes and MNEs in the building and construction sector including residential estate development, offices, hotels and schools. Under a licensing agreement, the institute can provide technical assistance in offering the technology transfer to the partner for the enhancement of applications or development of new products/applications. This can result in the introduction of new products to the market to generate new or increased revenue for the partner.

Description

The technology provider is a Singapore-based institute that bridges the gap between knowledge and application by facilitating information and technology transfer to industry partners. The institute develops strategies for the management, protection, and commercialisation of intellectual property (IP) resulting from research activities. Unlike conventional ‘smart meters’ that are integrated with a DB and can only provide aggregated energy usage patterns, the Smart DB developed by the institute can provide real-time detailed energy usage using analytics. This means that one can get real-time feedback of how much energy are being used in the various parts of the house, e.g. living room, kitchen, bedrooms and toilets; and also for each electrical appliance such as aircon, water heater, fridge, washing machine, etc. The technology offered is an all-in-one smart distribution board which is incorporated with smart sensors and data analytics for effective energy monitoring. The smart distribution board is capable of sensing electricity consumption from individual circuit breakers and provide detailed insights based on the information gathered from energy usage, occupants' behaviour, and habits. Using the data analytics, the smart DB is capable of providing real-time insights on the energy usage patterns and behaviour. This enables the user to obtain real-time feedback on the energy consumed by various devices in different parts of the building. Apart from energy monitoring, the smart DB can be potentially used for lifestyle tracking, long-term health monitoring and safety improvement. The Singapore institute is keen to partner industry players (SMEs of any size or MNEs) in various sectors, including residential estate development, offices, hotels, and schools. The type of partnership sought would be a Licensing Agreement - The partner can license the technology to enhance its applications or develop new products/applications through licensing of this technology from the Singapore institute. The expected outcome would be the launch of new products/applications in generating sales for the partner company.

Advantages and innovations

The advantages of the smart DB include the following: • Real-time Monitoring: Conventional smart meters can only provide aggregated energy usage patterns whereas the smart DB solution is capable of providing insights on energy usage in real time to the user. • Cost-effectiveness: The smart DB is a cost-effective energy management solution as one smart DB is sufficient for a house, unlike other smart meters that require numerous individual energy meters for every electrical socket in the house for detailed energy profile information. • Energy Management: The valuable information made available to the users using the data analytics will enable behavioural changes among the users for efficient energy usage. The smart DB prompts users in the event of wasted energy (for example, unnecessary standby power of appliances), thereby allowing users to make informed decisions regarding energy usage in their buildings. • Lifestyle Management: The data analytics in the smart DB analyzes the energy consumption patterns and behaviour, and provides insights on lifestyle in relation to the energy consumed during the day. For example, the smart DB enables users to identify harmful lifestyle habits, such as excessive TV viewing, staying up late at night and so on, by studying and analyzing the energy consumed by the respective devices at those particular times. This will enable users to make informed decisions on observing healthy lifestyles while consciously reducing energy usage.

Development stage

Already on the market

Intellectual Property Rights (IPR)

Patent(s) applied for but not yet granted


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