Menu
Vector targets 'Internet of Energy' market

Vector targets 'Internet of Energy' market

Vector scores exclusive Australasian rights to mPrest's technology

Vector CEO Simon Mackenzie (right) unveiling Asia Pacific's first grid-scale Tesla Powerpack last year.

Vector CEO Simon Mackenzie (right) unveiling Asia Pacific's first grid-scale Tesla Powerpack last year.

Auckland energy network company, Vector, has secured exclusive Australasian rights to "Internet of Energy" (IoE) technology from Israel-based mPrest.

The software enables integration and development of new energy solutions for customers and the management of multiple technologies on the company’s networks, Vector said.

Vector CEO, Simon Mackenzie, said the addition of mPrest takes Vector's development of customer solutions and network management to a new level.

Powered by artificial intelligence, the mPrest software positions Vector to enable customers to generate, store and manage energy use in their homes and businesses.

“It is the most comprehensive monitoring, analytical and control system available anywhere in the world," he said. "We have worked with mPrest to trial it and we are now moving to full implementation."

Vector will jointly develop the system not only for its own customers but others, Mackenzie said

The software sits over customer, market, distributed energy resources and network systems managing performance in real time.

Through self-learning, it is able to assess and predict multiple factors including loads, market dynamics, storage, customer demand and capacity, Vector said.

"This greatly enhances the resilience, security and efficiency of customer solutions and our network," he added.

The utilities sector is characterised by many unconnected, legacy-based systems from various vendors and operating to different standards, mPrest explains on its website - these include Ethernet, SCADA, OPC, ONVIF and MODBUS).

Each typically covers a particular area of activity, such as temperature, pressure, noise, alarm and access control. This makes it difficult to create a coherent, cross-organisation picture and to make operational decisions.

For mPrest CEO Natan Barak, the system aligns with Vector’s vision of "creating a new energy future" for its customers.

“Vector customers will see innovative solutions whilst these are coordinated in a complex system," he added. "The company will be better able to assist customers capitalise on new energy technologies and optimise the energy use in their home or business."

The project was a product of a New Zealand Innovation Mission to Israel last year.

Vector also recently acquired home heating company ECo Products (HRV) and PowerSmart.


Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags New ZealandAIVectorUtilitiessmart metersartificial intelligence

Featured

Slideshows

Kiwi channel comes together to kick-off 2017 Reseller News ICT Industry Awards

Kiwi channel comes together to kick-off 2017 Reseller News ICT Industry Awards

​The cream of the Kiwi channel came together at the Hilton Hotel in Auckland, to acknowledge and celebrate an esteemed panel of over 80 local judges ahead of the 2017 Reseller News ICT Industry Awards in October.​ Photos by Maria Stefina.

Kiwi channel comes together to kick-off 2017 Reseller News ICT Industry Awards
Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Show Comments