Milbank and Sentec Announce Strategic Partnership to Expand Smart Energy Products
Milbank Manufacturing Company and Sentec, Ltd. have today announced a strategic partnership to research and develop new products and business ideas for smart grid and demand response applications. Sentec has previously been involved with Milbank in the capacity of product development consultancy, and this takes their business relationship forward to a new model. Previous developments have included Milbankâ€™s home energy management system, Synap6, as well as other products for load management and transfer switching.
The Synap6 controls up to six onâ€“ or offâ€“grid power sources as electrical loads. It also tracks energy distribution and consumption, providing synthesized data homeowners can use to monitor their usage. The interface also allows the user to adjust system behavior, making their home run "greener" and more cost effectively by switching draw from the grid to onâ€“site instantly.
Integrated wired and wireless communication protocols help the intelligent Synap6 seamlessly manage grid and distributed generation sources, as well as electrical loads on a property. The system is even able to turn off nonâ€“critical devices, or draw energy from storage to reduce consumption from the grid. It is also able to buy and sell energy to exploit tariff differentials.
Lavon R. Winkler, President and CEO at Milbank commented, â€œSentecâ€™s innovation and knowledge of the smart grid have enabled us to expand into new markets with ground-breaking new product offerings, and we are keen to further the relationship.â€
Mark England, CEO of Sentec, added, â€œInnovation at Sentec is not just about new technologies. We are also developing new ways of working with our partners and new business models which enable all parties to benefit from both intellectual property and products developed in close collaboration.â€
In concert with this partnership, Milbank announces the establishment of its operations in the UK, with offices in Cambridge. Milbank will bring its energy management technology to countries throughout Europe.