Forum Group acquires powerPerfector VPO technology
Tuesday, 20 May, 2014
Technology and services provider Forum Group has acquired powerPerfector Australia. The acquisition will enable Forum Group to expand its energy-saving offerings to businesses across Australia and New Zealand.
The powerPerfector voltage power optimisation (VPO) product optimises buildings’ energy use by addressing the problem of overvoltage supply on their power networks, providing extensive financial and energy savings. The technology simultaneously provides integrated power conditioning and energy security.
Furthermore, Forum Group has restructured its VPO financial model to make the product accessible for businesses of all sizes. With flexible financing, customers have no upfront capital outlay - instead, they make monthly payments which are offset by the savings they make on their energy bills.
“Businesses may overlook monitoring and managing their energy consumption as it can be time-consuming and expensive,” said Forum Group Sales Manager Sam Davey. For example, solar panels can often be expensive and difficult to install given the amount of physical space they occupy and their reliance on available daylight.
In contrast, the powerPerfector VPO units are largely install-and-forget solutions, requiring minimal maintenance and physical space, and they work 24 hours a day, seven days a week. According to Davey, powerPerfector provides “an immediate 3-10% improvement in power factors. On average, the savings from VPOs are calculated at 10-20%.”
In addition, said Davey, the units “also help minimise wear and tear on electrical equipment by reducing the overvoltage delivered to the system; this equates to less electrical maintenance costs”.
There are over 500 powerPerfector VPO units installed Australia-wide, averaging thousands of dollars in savings for each of the businesses involved.
New Zealand energy distributor Vector has opened its renovated Glen Innes substation, home to the...
The Energy Networks Association (ENA) welcomes the commitment of the COAG Energy Council to an...
Climate change is driving storms like that in South Australia, says the Climate Council. However,...