The company 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.
Noveda will identify potential partners for technology development and smart grid solutions for the Taiwanese market, and plans to establish local operations in the country.
Noveda president and CEO Govi Rao said that the company looks 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.