diff --git a/CODEOWNERS b/CODEOWNERS
index 34ac0a7aa9..3592e448cf 100644
--- a/CODEOWNERS
+++ b/CODEOWNERS
@@ -246,6 +246,7 @@ esphome/components/switch/* @esphome/core
 esphome/components/t6615/* @tylermenezes
 esphome/components/tca9548a/* @andreashergert1984
 esphome/components/tcl112/* @glmnet
+esphome/components/tee501/* @Stock-M
 esphome/components/teleinfo/* @0hax
 esphome/components/thermostat/* @kbx81
 esphome/components/time/* @OttoWinter
diff --git a/esphome/components/tee501/__init__.py b/esphome/components/tee501/__init__.py
new file mode 100644
index 0000000000..e69de29bb2
diff --git a/esphome/components/tee501/sensor.py b/esphome/components/tee501/sensor.py
new file mode 100644
index 0000000000..329fc724bd
--- /dev/null
+++ b/esphome/components/tee501/sensor.py
@@ -0,0 +1,36 @@
+import esphome.codegen as cg
+import esphome.config_validation as cv
+from esphome.components import i2c, sensor
+from esphome.const import (
+    DEVICE_CLASS_TEMPERATURE,
+    STATE_CLASS_MEASUREMENT,
+    UNIT_CELSIUS,
+)
+
+CODEOWNERS = ["@Stock-M"]
+
+DEPENDENCIES = ["i2c"]
+
+tee501_ns = cg.esphome_ns.namespace("tee501")
+
+TEE501Component = tee501_ns.class_(
+    "TEE501Component", sensor.Sensor, cg.PollingComponent, i2c.I2CDevice
+)
+
+CONFIG_SCHEMA = (
+    sensor.sensor_schema(
+        TEE501Component,
+        unit_of_measurement=UNIT_CELSIUS,
+        accuracy_decimals=1,
+        device_class=DEVICE_CLASS_TEMPERATURE,
+        state_class=STATE_CLASS_MEASUREMENT,
+    )
+    .extend(cv.polling_component_schema("60s"))
+    .extend(i2c.i2c_device_schema(0x48))
+)
+
+
+async def to_code(config):
+    var = await sensor.new_sensor(config)
+    await cg.register_component(var, config)
+    await i2c.register_i2c_device(var, config)
diff --git a/esphome/components/tee501/tee501.cpp b/esphome/components/tee501/tee501.cpp
new file mode 100644
index 0000000000..22329d40cd
--- /dev/null
+++ b/esphome/components/tee501/tee501.cpp
@@ -0,0 +1,85 @@
+#include "tee501.h"
+#include "esphome/core/log.h"
+
+namespace esphome {
+namespace tee501 {
+
+static const char *const TAG = "tee501";
+
+void TEE501Component::setup() {
+  ESP_LOGCONFIG(TAG, "Setting up TEE501...");
+  uint8_t address[] = {0x70, 0x29};
+  this->write(address, 2, false);
+  uint8_t identification[9];
+  this->read(identification, 9);
+  if (identification[8] != calc_crc8_(identification, 0, 7)) {
+    this->error_code_ = CRC_CHECK_FAILED;
+    this->mark_failed();
+    return;
+  }
+  ESP_LOGV(TAG, "    Serial Number: 0x%s", format_hex(identification + 0, 7).c_str());
+}
+
+void TEE501Component::dump_config() {
+  ESP_LOGCONFIG(TAG, "TEE501:");
+  LOG_I2C_DEVICE(this);
+  switch (this->error_code_) {
+    case COMMUNICATION_FAILED:
+      ESP_LOGE(TAG, "Communication with TEE501 failed!");
+      break;
+    case CRC_CHECK_FAILED:
+      ESP_LOGE(TAG, "The crc check failed");
+      break;
+    case NONE:
+    default:
+      break;
+  }
+  LOG_UPDATE_INTERVAL(this);
+  LOG_SENSOR("  ", "TEE501", this);
+}
+
+float TEE501Component::get_setup_priority() const { return setup_priority::DATA; }
+void TEE501Component::update() {
+  uint8_t address_1[] = {0x2C, 0x1B};
+  this->write(address_1, 2, true);
+  this->set_timeout(50, [this]() {
+    uint8_t i2c_response[3];
+    this->read(i2c_response, 3);
+    if (i2c_response[2] != calc_crc8_(i2c_response, 0, 1)) {
+      this->error_code_ = CRC_CHECK_FAILED;
+      this->status_set_warning();
+      return;
+    }
+    float temperature = (float) encode_uint16(i2c_response[0], i2c_response[1]);
+    if (temperature > 55536) {
+      temperature = (temperature - 65536) / 100;
+    } else {
+      temperature = temperature / 100;
+    }
+    ESP_LOGD(TAG, "Got temperature=%.2f°C", temperature);
+    this->publish_state(temperature);
+    this->status_clear_warning();
+  });
+}
+
+unsigned char TEE501Component::calc_crc8_(const unsigned char buf[], unsigned char from, unsigned char to) {
+  unsigned char crc_val = 0xFF;
+  unsigned char i = 0;
+  unsigned char j = 0;
+  for (i = from; i <= to; i++) {
+    int cur_val = buf[i];
+    for (j = 0; j < 8; j++) {
+      if (((crc_val ^ cur_val) & 0x80) != 0)  // If MSBs are not equal
+      {
+        crc_val = ((crc_val << 1) ^ 0x31);
+      } else {
+        crc_val = (crc_val << 1);
+      }
+      cur_val = cur_val << 1;
+    }
+  }
+  return crc_val;
+}
+
+}  // namespace tee501
+}  // namespace esphome
diff --git a/esphome/components/tee501/tee501.h b/esphome/components/tee501/tee501.h
new file mode 100644
index 0000000000..fc655e58c9
--- /dev/null
+++ b/esphome/components/tee501/tee501.h
@@ -0,0 +1,25 @@
+#pragma once
+
+#include "esphome/core/component.h"
+#include "esphome/components/sensor/sensor.h"
+#include "esphome/components/i2c/i2c.h"
+
+namespace esphome {
+namespace tee501 {
+
+/// This class implements support for the tee501 of temperature i2c sensors.
+class TEE501Component : public sensor::Sensor, public PollingComponent, public i2c::I2CDevice {
+ public:
+  void setup() override;
+  void dump_config() override;
+  float get_setup_priority() const override;
+  void update() override;
+
+ protected:
+  unsigned char calc_crc8_(const unsigned char buf[], unsigned char from, unsigned char to);
+
+  enum ErrorCode { NONE = 0, COMMUNICATION_FAILED, CRC_CHECK_FAILED } error_code_{NONE};
+};
+
+}  // namespace tee501
+}  // namespace esphome
diff --git a/tests/test1.yaml b/tests/test1.yaml
index a26c24d7fa..0448093001 100644
--- a/tests/test1.yaml
+++ b/tests/test1.yaml
@@ -1056,6 +1056,10 @@ sensor:
       name: tsl2591 calculated_lux
       id: tsl2591_cl
     i2c_id: i2c_bus
+  - platform: tee501
+    name: Office Temperature 3
+    address: 0x48
+    i2c_id: i2c_bus
   - platform: ultrasonic
     trigger_pin: GPIO25
     echo_pin: