Toshiba to sell Europe energy meters

Bloomberg

Toshiba Corp. plans to sell 150,000 energy-tracking units to homeowners in Europe in the next three years to help them manage their power use.

The company planned to begin selling the systems in France on Thursday, the firm 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,” Toshiba said, adding that France plans to introduce smart meters beginning in 2014.