Micropelt GmbH, the developer, producer and marketer of advanced energy harvesting devices core to the 'smart home', has received a significant boost in the form of an investment by the Ludgate Environmental Fund (LEF) and WIKA Alexander Wiegand SE & Co. KG (WIKA), a specialist sensor technology company from Germany, to create a 50/50 joint venture company. LEF and WIKA will invest over €2 million to support the company and provide the required base for expansion.
A portfolio company of LEF, the AIM-listed fund advised by Ludgate Investments Limited, Micropelt's thermoelectric microchips are based on a patented and scalable thin-film technology which reduces component size while maximising power density, replacing batteries in wireless sensors and control devices.
"We have seen significant growth in the 'smart home' market, and Micropelt is at the forefront of developing game-changing technologies and innovative products," said Ludgate Investments CIO, Bill Weil. "We are delighted to work together with WIKA, as a market-leading sensor company, to bring Micropelt to the next level of growth."
"Micropelt has already made a strong name for itself and we are excited by the opportunities to bring the technical expertise of WIKA to the joint venture. We are confident that this cooperation will lead to strong commercial synergies", said WIKA CEO Alexander Wiegand.
The first major application of Micropelt's technology is the intelligent Thermostatic Radiator Valve (iTRV), a self-powered valve actuator developed by Micropelt which operates autonomously and is powered by thermal energy harvesting alone. Its compact, modern design enables easy installation on new radiators or for retrofits. Once installed, the iTRV automatically interacts with the thermostat, allowing precise single room temperature control with no maintenance required. For buildings with radiator heating, this is a critical component of smart home heating systems.
Additionally, Micropelt has recently launched its mNODE sensor, which continuously monitors temperature in bus-bars, switchgear, motor control centres and power distribution systems. The mNODE is powered by inductive energy harvesting, converting magnetic fields into electricity, removing the need for batteries or wiring. Its compact design allows easy retro-fit and requires no maintenance, while efficiently minimising costly downtime incidents.
Micropelt, which has its headquarters in Freiburg and production in Halle/Saale, entered a technical administration process at the end of February 2014. The IP and assets of Micropelt were then sold to the consortium of LEF and WIKA to re-launch Micropelt.
For more read Energy Harvesting and Storage for Electronic Devices 2014-2024, Forecasts, Technologies, Players