Toshiba Plans to Sell 150,000 Energy Tracking Units in Europe

Toshiba Corp. (6502), a Japanese maker of flash-memory chips and nuclear reactors, plans to sell 150,000 units to homeowners in Europe in the next three years to help manage and track energy use.

The Tokyo-based company will begin selling the systems in France today, Toshiba said in a statement. The units log current and cumulative power consumption and can also track household carbon dioxide emissions.

Toshiba wants to expand sales to the U.K. and Germany, according to the statement.

“Europe is expected to see dramatic growth in penetration rates of home automation, energy management and security systems in the years to 2020,” the company said in the statement, adding that France plans to introduce smart meters beginning in 2014.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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