Monday, January 24, 2011

Noveda Technologies Hires Joe Jacob as Chief Technology Officer


BRANCHBURG, N.J.Jan. 24, 2011 /PRNewswire/ -- Noveda Technologies, the leader in web-based real-time energy monitoring systems, today announced that Joe Jacob has joined the company as Chief Technology Officer. Mr. Jacob was most recently Engineering Director, Global ICT Market Development for Lutron Electronics USA, manufacturer of energy efficient lighting and shading systems. Prior to this, he served as the Managing Director of Lutron Dubai.

As CTO, Mr. Jacob will be leading Noveda's technology growth and development efforts with special emphasis on building the company's IP portfolio and increasing technology partnerships and alliances. Commenting on the appointment, Govi Rao, president and CEO of Noveda Technologies said, "We are very excited to have Joe join our management team and look forward to his leadership." He added, "Joe brings tremendous experience and a proven track record in leading technology development and innovation."
With over 18 years of technical and international business experience, Mr. Jacob is passionate about Smart Grid, connected communities and ICT for energy efficiency. He has successfully developed and marketed innovative ICT enabled energy management systems, green building technologies and automation systems globally. Mr. Jacob has co-authored three patent filings related to energy and lighting controls.
While at Lutron, Mr. Jacob led the development and architecture of many pioneering software applications and lighting control systems like Quantum, Lutron's latest energy saving system that optimizes the use of electric light and daylight to save energy and create a productive and comfortable visual environment. He also helped lead the energy solution portfolio for Lutron.
Mr. Jacob has worked closely on many large lighting control and automation projects for buildings worldwide, including 505 Union Station (Seattle, Washington), Legoland (Gunzburg, Germany), Volkswagen (Wolfsburg, Germany), Antilia Residence (Mumbai, India), Abu Dhabi Financial Center, (Abu Dhabi, UAE), Maidan Race Course (Dubai, UAE), Orange County Convention Center (Orlando, Florida), Eagles Stadium, (Philadelphia, Pennsylvania), Georgian College (Ontario, Canada) and more. Prior to joining Lutron, Mr. Jacob worked as senior software engineer for Nicco Infotech, an IT consulting company based in New Jersey.
At Noveda, Mr. Jacob will be responsible for charting the technology roadmap including overall platform integrity, architecture, adjacencies and product innovation. "This is a pivotal time as energy conservation practices become mainstream worldwide," said Mr. Jacob. "Real-time energy monitoring is playing a critical role in meeting the energy challenges of the future.  Noveda has a solid technology platform, and I am thrilled to become part of this journey to net zero while realizing sustainable competitive advantage and significant cost savings."
About Noveda Technologies:
Founded in 2007, award-winning Noveda Technologies is an innovative global leader in real-time energy monitoring and visualization for conventional and renewable energy systems, water and waste.  The company's hardware, web-based software and services, enable resource optimization in buildings to lower energy costs and reduce carbon footprint. Noveda's solutions are designed to jump-start the journey to net zero by enabling real time data transparency in buildings and lay the foundation to move to smart grid technologies. The company's diverse client base includes commercial / retail, industrial, government, and educational institutions. For more information, visit www.noveda.com or call 908-534-8855.
SOURCE Noveda Technologies

Friday, December 10, 2010

IT integration with energy management

D. MURALI 

Govi Rao, President and CEO of US-based Noveda Technologies. Photo: D. Murali
The HinduGovi Rao, President and CEO of US-based Noveda Technologies. Photo: D. Murali
‘Green’ is bringing in newer opportunities to the use of IT (information technology) in the energy area, avers Govi Rao, President and CEO of US-based Noveda Technologies (http://bit.ly/F4TGoviRao). As we have experienced with the Internet, affordable, rapid and universal communication can enable sophisticated transactions, create entirely new business models (Grameen Bank), and move through society with agility and speed (Facebook, Twitter, etc), he reasons, during the course of a recent interaction with Business Line.
“We had no idea that the Internet would revolutionise so many aspects of our lives. The Smart Grid represents the relatively simple extension of this movement to energy consumption.” Our conversation continues over the email… Excerpts from the interview.
You have been watching the energy scene for several decades. Would you like to trace the major defining points in the increasing use of IT in energy management over the years? A historic question, for starters.
Murali, I am not sure if I’ll be able to break down the historical perspective into defining points as I believe we are still in the nascent years on integrating IT in energy management. I believe the ever-advancing field of wireless communication and digital processing technology, combined with the emerging platforms like cloud, are key milestones; however, we have not started true large-scale integration yet.
Some of these advanced concepts have been in existence for some time now, and I believe these could serve as defining points in our dynamic roadmap of ‘adding intelligence’ to the grid.
Similarly, true integration of IT with energy management started with ‘building automation systems’ which have become extremely sophisticated now and work seamlessly, transmitting pulse data on consumption over the Internet. Based on the type of system, messages to control the building systems like HVAC and lighting can be programmed into the automation system so as to optimise usage.
This, along with its equivalent SCADA system used in industrial processes, I believe, can be identified as early-stage milestones or defining points in the transformational roadmap of leveraging IT to make the grid smart.
Can you tell us about some of the key areas of cutting-edge research currently happening in IT-assisted energy management?
There are rapid advances being made in primary areas like meter data management, smart metering, cloud--based analytics, etc. I also believe we currently have existing technologies that can quickly increase the intelligence of our outdated grid – these need to be integrated with the old-world electro-mechanical systems still being used worldwide.
Some Governments in Europe (e.g. the UK) have established clear deadlines by which time they want to transform completely to a smart grid. We are doing research and seeking alliances in linking the real-time data acquisition, analytics and display platforms with real-time billing data which will enable us to substantially improve the grid’s performance as well as efficiency. Real-time two-way communication also enables demand response programs without pain, aggravation and stress on the system.
I believe there’s cutting edge research being done in energy storage, all the way from basic materials to form factors. Also, if you look at the extended eco-system, a lot of cutting edge research is being done in LEDs – from wafers to chip design to thermal management, to materials for optics to the electronics that make up the driver.
Believe it or not, even though we haven’t seen any revolutionary new ideas in HVAC, there’s research being conducted in this space as well, both in improving efficiencies as well as in form factors. Another area where we are seeing a great deal of cutting edge research is in EVs or electric vehicles (e.g. electric cars). This essentially becomes another storage mechanism when done right.
Advanced research is also being conducted in information-age technologies, such as microprocessors, communications, advanced computing, and other information technologies, all of which play a significant role in integration and modernisation of the grid.
The independent non-profit organisation Electric Power Research Institute (EPRI) is also conducting research on key issues facing the electric power industry and working towards the development of open standards for the Smart Grid. The International Electrotechnical Commission (IEC) recently published EPRI’s IntelliGrid Methodology for Developing Requirements for Energy Systems as a publicly available specification. This specification brings together several of the critical components of the smart grid and begins to lay the foundation for an organised transition to the smart grid.
Is ‘green’ bringing in newer opportunities to the use of IT in the energy area? Examples.
The focus on sustainability and green buildings is definitely creating new opportunities and ways of leveraging IT in energy management – in all the key areas like data acquisition, data analytics, display, integration and building connections with other systems like the building automation system, the accounting system, etc.
Especially since our infrastructure worldwide is extremely diversified, it is giving rise to innovative thinkers sprouting up locally all over the world from the U.S., to Taiwan, to India, and the U.K., and on and on. In addition to these platforms, there’s serious work required to link all the discreet parts of the puzzle and to create an ‘eco-system’ that is safe, reliable and clean/green’.
A fundamental concept being explored for technical solutions is to also manage our use, based on real-time cost or real-time pricing. This will need advanced switching and cost verification technologies – both of which are primarily digital and IT-based.
Extending this to the efficiency side, we have emerging platforms in building controls with connectivity and ‘intelligence’ at the core.
There are new protocols such as Zigbee and RF being developed and tested for controlling and managing our consumption model. We are also beginning to see concepts being worked on to integrate all controls and adding intelligence to it.
Do you see a pattern in the way enterprise users respond to information they get on IT- powered energy dashboards?
Absolutely! We see a clear change in their perception of energy usage; and in 9 out of 10 cases, the users become very driven to reduce their carbon footprint, lower energy consumption, etc. Even those who didn’t have much exposure to the carbon story get completely immersed in lowering their carbon footprint.
**

Thursday, November 18, 2010

Noveda Technologies Named Enviro Energy Company of the Year by the New Jersey Technology Counc

BRANCHBURG, N.J., Nov. 18, 2010 -- /PRNewswire/ -- The New Jersey Technology Council (NJTC) has named Noveda Technologies, the leader in real time web-based monitoring and visualization systems, as the 2010 "Enviro Energy Company of the Year." Noveda received the award at the NJTC Awards Gala last night in East Brunswick, N.J.
"We are honored to be recognized for our innovation and efforts to change the way the world sees and uses energy, water and waste," said Govi Rao, President and Chief Executive Officer of Noveda Technologies. "In addition to the money we are able to save for our customers, it is recognition like this award from the New Jersey Technology Council, that inspires and motivates our team."
The NJTC Awards Gala is an annual event recognizing the "Best in Technology" companies as well as government, educational and technology support leaders, and has often been called the "Academy Awards" for New Jersey's technology community. The gala honors companies and individuals in many categories – including Public, Private, Life Sciences, Green Communications, and IT/software.  
"We are proud and excited to name Noveda Technologies as the 2010 Enviro Company of the year," said Maxine Ballen, CEO and President of the NJTC.  She added, "Noveda is a great example of 'doing well by doing good.' We are so proud to call Noveda Technologies an NJTC member."
Noveda's comprehensive hardware and software solutions provide real-time energy transparency, a component that is critical for buildings to optimize energy efficiency and performance. The precision data and analytics provided by the company's industry-leading monitoring solutions empower building owners to save energy and decrease their carbon footprint. Noveda is credited with developing and commissioning the first net-zero electric commercial building in the United States.
Noveda recently launched an advanced technology platform designed around the growing market need to monitor multiple sites from a single "operations center." The company also added building optimization services to help support customers committed to energy efficiency, conservation and sustainability.
About Noveda Technologies
Founded in 2007, Noveda Technologies is an innovative leader in real-time web based energy monitoring and visualization for conventional and renewable energy systems.  The company's solutions (hardware, software and services), enable energy optimization in buildings to lower energy costs and reduce carbon footprint. Noveda's solutions are designed to jump-start the journey to net-zero by providing real-time data transparency in buildings and lay the foundation towards a smarter grid. The company's diverse client base includes commercial / retail, industrial, government, and educational institutions. For more information, visit www.noveda.com or call 908-534-8855.
About New Jersey Technology Council
The New Jersey Technology Council provides business support, networking opportunities, information, advocacy and recognition of technology companies and their leaders. Founded in 1996, the NJTC's more than 1,100 member companies work together to support their own enterprises while advancing New Jersey's status as a leading technology center in the United States. For more information on the NJTC, visit http://www.njtc.org.
SOURCE Noveda Technologies

Thursday, October 28, 2010

Noveda Technologies Signs Letter of Intent to Provide Energy Monitoring Solutions for Taiwan

Delegation from Taiwan's Ministry of Economic Affairs Visits Noveda in New Jersey for Signing LOI

BRANCHBURG, N.J. and TAIPEI, Taiwan, Oct. 28 /PRNewswire/ -- Noveda Technologies, the leader in web-based real-time monitoring systems, and the government of Taiwan's Ministry of Economic Affairs (MOEA) signed a letter of intent today for Noveda to assist in developing comprehensive monitoring solutions for the country. The entry into Taiwan furthers Noveda's plan of worldwide market expansion.

According to the letter of intent, Noveda will work with the MOEA and various government agencies to jointly explore monitoring solutions that will empower Taiwanese consumers to optimize their electricity and water usage in the commercial, industrial and residential sectors.

In cooperation with the MOEA, Bureau of Energy, Department of Industrial Technology, Institute for Information Industry, and the Industrial Technology Research Institute, Noveda will begin visiting with energy management companies in Taiwan to identify potential partners for technology development and smart grid solutions for the Taiwanese market. Responding to an invitation by the Deputy Minster Sheng-chung Lin, Noveda plans to establish local operations in Taiwan to develop the country's energy solutions market.

"We are honored and very excited to partner with the Ministry of Economic Affairs in Taiwan as they seek to move toward energy independence and smart grid technologies," said Govi Rao, president and CEO of Noveda Technologies. "It gives us great pride to be recognized for our capabilities, and we look forward to collaborating with premier institutions like ITRI in Taiwan to continuously innovate data acquisition and analytics, to provide affordable solutions for the smart grid."

The head of the Taiwan Delegation, Deputy Minister Lin, commented, "Green energy is one of Taiwan's government-promoted 'Six Emerging Industries'. As the fourth largest solar cell manufacturing country in the world, we welcome Noveda Technologies to invest and do business in Taiwan."

Deputy Minister Lin added: "Noveda's platform is expected to have a great market potential in Taiwan. The Taiwanese high-level delegation visited 11 companies from October 25 – 29 in CA, NJ, PA and NY, across various segments including energy, biopharmaceutical, telecommunication, IT and software.

About Noveda Technologies

Founded in 2007, Noveda Technologies is an innovative leader in real-time web based energy monitoring and visualization for conventional and renewable energy systems. The company's solutions (hardware, software and services), enable energy optimization in buildings to lower energy costs and reduce carbon footprint. Noveda's solutions are designed to jump-start the journey to net-zero by providing real-time data transparency in buildings and lay the found
ation towards a smarter grid. The company's diverse client base includes commercial / retail, industrial, government, and educational institutions. For more information, visit www.noveda.com or call 908-534-8855.



SOURCE Noveda Technologies

Friday, October 22, 2010

Taiwan sending delegation to solicit U.S. investment

Taiwan's government is sending a delegation to the United States on Sunday that it hopes will secure investment commitments from a number of American companies.


The delegation, headed by Vice Minister of Economic Affairs Lin Sheng-chung, expects to sign letters of intent with representatives from a dozen U.S. companies in the fields of green energy, cloud computing, semiconductors, optoelectronics and biotechnology.


During the eight-day trip, the delegation will meet with Noveda Technologies Inc., Air Products and Chemicals Inc., Veeco Instruments Inc., Celgene Corp., A10 Networks Inc., Lam Research Corp. and others in Silicon Valley, San Diego, New York and elsewhere in the U.S.


"We will sign letters of intent with a number of the companies we will visit," Lin said at a press briefing Friday.


The Ministry of Economic Affairs expected some of these companies to introduce their technologies to Taiwan or set up research and development centers on the island, he said.


The ministry has set a goal of soliciting investment of NT$30 billion in Taiwan over the next two years from the companies being visited on the upcoming trip.


In September, the ministry signed letters of intent with more than 20 foreign companies, including Hewlett-Packard Co. (HP) , for combined investment of NT$108.25 billion (US$3.5 billion) in Taiwan.


The U.S. is Taiwan's largest source of foreign investment, having invest US$21.58 billion in Taiwan between 1952 and September 2010.


Most of the investment is focused on the manufacturing of electronics and chemical products, but U.S. companies have increasingly invested in the financial and insurance sectors in recent years

Wednesday, October 20, 2010

Somerset County in central New Jersey may well become the most solar-powered county in the countr

Somerset County in central New Jersey may well become the most solar-powered county in the country.

That’s thanks to a three-phase solar power project that, according to NewJersey.com, will eliminate 15 million pounds in annual carbon emissions and save taxpayers over $1 million in annual energy costs over the next 15 years. It will also help generate revenue via Solar Renewable Energy Credits (SRECs).

When all three phases are completed, Somerset County could have the highest solar installed generating capacity of any U.S. county. The solar power project will begin with a $40 million, 7.6-megawatt (MW) solar energy system that will be installed across 31 separate Somerset County sites, including government-owned rooftops, parking lots, school district buildings and the Somerset County Courthouse, among others. The system will be the largest of its kind in New Jersey — a state second only to California in installed solar energy capacity. According to Somerset County Freeholder Jack Ciattarelli, the size of the system could double in the next few years.

The Somerset County Improvement Authority contracted Vanguard Energy Partners to build and install the newest system. Under a 15-year power purchasing agreement (PPA), the county will purchase electricity at a fixed rate. New Jersey-based
Noveda Technologies will contribute a web-based monitoring system to track the performance of the system in real-time.

Tuesday, October 19, 2010

Branchburg firm wins contract to install solar on government buildings

Vanguard Energy Partners, a Branchburg firm, has won a $40 million contract from Somerset County to install solar panels on 31 municipal, school and county buildings in nine communities.

Construction is expected to begin by the end of the year and continue through 2011.

"We're thrilled,'' said Tom Buono, Vanguard's vice president of operations, who said his firm has worked on solar projects for other public facilities and schools throughout New Jersey.
 When taken together, the solar installations will generate 7.6 megawatts of power and will constitute "one of the largest arrays in New Jersey,'' Buono said.

"And we're creating green jobs,'' he said. "We'll probably be adding 75 to 80 workers over the course of the year.''

This contract represents the first of a three-phase county project to install solar facilities on many public buildings and properties. County officials say the project will save taxpayers money and contribute to a healthier environment.
 Vanguard will install the solar panels and will own, operate and maintain them. The company will sell the electricity they generate back to the county, municipalities and schools at reduced rates, which county officials estimate will save $18.35 million over a 15-year period.

"The first phase of this project will save taxpayers more than $1 million per year in energy costs, significantly decrease carbon emissions and greatly contribute toward achieving our long-term sustainability goals,'' said Freeholder Director Jack Ciattarelli.

None of the participating local governments will pay for the solar panels. The county will issue bonds to pay the initial $40 million installation cost, making the capital for the project available at a less expensive interest rate than private industry could achieve.
 Vanguard will then pay off the bonds with proceeds from the sale of energy, federal tax benefits and the sales of Solar Renewable Energy Credits, or SRECs.

 In fact, one of the things that made Vanguard's proposal appealing is that it is working with Citigroup as an equity investor, said Steve Pearlman, a consultant to the county. Citi's capital will enable Vanguard to pay off half the bond cost - $20 million - within the first year.
 After the county sought bids for the contract, it received responses from nine firms, Pearlman said. Vanguard not only came back with a low bid - an initial cost to the government of about 4.8 cents per kilowatt hour of energy generated - but agreed to accelerate the repayment of the bonds.

Working with Vanguard on the project will be Noveda Technologies, also of Branchburg, which provides monitoring of solar arrays to make sure they're operating at maximum efficiency.
 Most of the panels will go on rooftops. County officials looked for public buildings with relatively new roofs, many in the southern and western part of Somerset County.
 County Administrator Richard Williams said the project's next phase will move eastward.

"That's how we're moving. It brings down the cost when they can start putting everything up in groups,'' Williams said.

The third phase will involve "land-based'' sites, such as landfills, where the power will be sold back to the energy grid rather than used by nearby public facilities, said Pearlman.
 The 31 government buildings to receive the panels are located in nine municipalities:

  • BOUND BROOK: Bound Brook Public Works Facility
  •  BRANCHBURG: Central Middle School; Old York School; Whiton School; Arts Building Parking Lot at RVCC
  •  BRIDGEWATER: Somerset County/Bridgewater Library; Bridgewater Senior Center; Bridgewater Middle School; Hamilton School; Adamsville School
  •  FRANKLIN: Franklin Township Municipal Building; Berry Street Garage; Franklin High School; Franklin Park School; Elizabeth Avenue School; Pine Grove Manor School
  • GREEN BROOK: Green Brook Middle School; Irene E. Feldkirchner School
  • HILLSBOROUGH: Somerset County Emergency Services Training Academy
  • MANVILLE: Manville Library; Manville High School; Weston Elementary School
  • MONTGOMERY: Montgomery High School; Upper Middle School; Orchard Hill Elementary School; Otto Kaufman Community Center
  • SOMERVILLE: The Somerset County Courthouse; Somerville Engine Company No. 1; Somerville High School; Somerville Middle School; Van Derveer Elementary School