01 Jun 2011 03:06:43
VPhase in Shell Springboard finals
Chester-based business VPhase has been named runner-up in the Shell Springboard programme, after winning the regional heats and being awarded £30,000 for its pioneering eco device for the home, which cuts electricity bills by around 10%, lowers energy consumption and reduces carbon emissions.
The 'fit, forget and save' eco innovation from VPhase was highly praised for its contribution to tackle climate change from a panel of prominent judges, including climate change expert Lord Oxburgh, UK low carbon business advisor Professor Julia King, technical venture capitalist Andrew Oldfield and Greenpeace chief scientist Doug Parr.
The innovative, low-cost, VPhase uses voltage optimisation technology to reduce and regulate the incoming voltage to homes, managing it to a stable level of around 220V in the UK. This ensures electrical appliances instantly use less electricity and cost less to run – all without homeowners needing to change their lifestyle or supplier. VPhase also delivers carbon savings, which have been calculated to be around 4 tonnes during the 25+ year life of the product.
Comments Rick Smith, VPhase CEO: "The VPhase device holds wide appeal and is quickly becoming recognised as the best and most effective green investment for the home. We're delighted to have been recognised by such an influential panel of industry experts and the funding we've received will help us press ahead with our ambitions to tackle fuel poverty and climate change through the nationwide adoption of voltage optimisation."
James Smith, chairman of Shell UK adds: "Over the last six years, Shell Springboard has supported over fifty small businesses that have new ideas for products and services to tackle climate change. They have received no-strings-attached financial awards totalling £2 million. It's great to these businesses still coming through even in these tough times. Congratulations and best wishes for success to VPhase."
The VPhase device, which fits next to the fuse box, is maintenance-free and works immediately saving energy across a wide range of appliances throughout the home. It must be installed by a qualified electrician and comes with a 5 year warranty. With payback periods typically less than this, VPhase represents a virtually risk-free investment.
National fulfilment partner Eaga is retailing the device for £299 (including VAT and installation), although any qualified electrician can fit a VPhase. Those who want help finding a local electrician or would like to see how much they can be saving using the interactive savings calculator, can visit the VPhase website.
For more details, send an enquiry.