The partnership hopes to enable the companies to introduce Navetas' technology for home monitoring on TI's processor platform.
Chris Saunders, CEO of Navetas, said, 'This partnership is another major milestone for Navetas. It clearly demonstrates the global potential of energy disaggregation technology as the burgeoning home energy monitoring sector begins to scale around the world.
'With the support of TI's resources in the development and integration of our technology into their portfolio of high performance processors, we will increase our engineering capacity and expertise, accelerate our time to market for new products and maximise our technology flexibility for our customers.'
Markus Staeblein, general manager of TI's smart grid product line, added, 'The energy sector is a key growth market for Texas Instruments as the implementation of smart meters and smart grids lead to greater demand for processing power throughout the energy supply chain.
'Navetas offers an unparalleled expertise in energy disaggregation technology and is a great example of how complex data processing can provide game-changing functionality to our industry. TI is committed to being the market leader in smart grid solutions and our partnership with Navetas will enable us to continue to differentiate and grow our market offering in this sector.'