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The Low Carbon Economy Ltd

01 Nov 2007 05:11:26

Firm receives funding for energy reduction technology

A Cambridge company that is developing energy-saving technology for electronic equipment has received funding from the Carbon Trust and others.

CamSemi manufactures products that can reduce the energy consumption of devices when they are in operating and standby mode, thereby lowering CO2 emissions.

It is an issue that needs to be addressed - the Carbon Trust has found that the standby usage of mobile phone chargers in the UK is enough to power some 16,000 homes.

Now CamSemi has announced funding of £13 million, from 3i, Scottish Equity Partners, TTP Ventures and the Carbon Trust, to help commercialise the products.

Adam Workman of Carbon Trust Investments said: "Standby power is an important issue for consumer electronic equipment manufacturers owing to both rising energy costs and the emergence of green consumers who are concerned about their carbon footprint.

"There are also several pieces of impending legislation that will force manufacturers to reduce energy consumption when their products are in standby mode.

"The Carbon Trust is delighted to be joining at this investment round as we believe that CamSemi has one of the few technologies in development with the potential to really make a difference in this area."

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