Forum Group has unveiled its energy power optimiser in a bid to expand its energy savings offerings across Australia and New Zealand.
The launch follows the successful installation of powerPerfector at Adelaide Town Hall.
This installation has reduced electricity consumption by 9.3 percent, and will bring an annual saving of more than $30,000.
According to a company statement, the powerPerfector VPO units optimise buildings' energy use by addressing the problem of over-voltage supply on their power networks, providing extensive financial and energy savings. Previously smaller customers, particularly SMBs, had been priced out of the market for VPO technology due to the upfront capital investment required.
Forum Group has restructured its VPO financial model making the solution more accessible to all businesses.
With Forum Group's flexible financing, customers have no expensive upfront capital outlay.
Customers make monthly payments, which are offset by the savings they make on their energy bills. This allows businesses to reallocate thousands of dollars tied up in energy and power costs to other key areas of their business. Forum Group sales manager, Sam Davey, said businesses often overlooked monitoring and managing their energy consumption as it could be time consuming and expensive.
"The solutions can also be costly as well as extremely slow to provide any ROI," he said.
"powerPerfector is a simple solution to these problems, providing an immediate three to ten per cent improvement in power factors.
"On average, the savings from VPOs are calculated at 10 to 20 percent." There are over 500 powerPerfector VPO units installed Australia-wide, averaging thousands of dollars in savings for each of the businesses involved.