01/07/2008 - Ember investment for power-saving breakthrough
Cleantech Ventures, through the Victorian Government's CEGT Fund, has completed an investment in Ember Technologies - a company pioneering an innovative energy saving technology.
The power saving device can selectively turn off inactive electrical devices in idle or standby mode to deliver substantial benefits for both home and business. According to a number of official sources standby power consumption represents roughly 10% of residential power consumption in Australia.
A total investment of $750,000, by Cleantech Ventures in conjunction with another venture capital fund, will fund the company to finalise its initial product designs and plan the launch of its products.
The first application of this technology, expected to be launched early next year, will be through a smart power board, suitable for both the PC environment and home audio-visual systems.
Sustainability Victoria rates both computer and audio visual equipment as amongst the most power-hungry in standby mode.
- Note: The media release is a printable PDF file which can be viewed using Adobe Acrobat Reader. If you do not have Adobe Acrobat Reader installed on your computer, click here to download your free copy: download Adobe Acrobat Reader