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VPhase, British Gas Services Sign Agreement for Energy Saving Products

Posted on: Monday, 13 October 2008, 12:00 CDT

VPhase, a developer of energy saving products for residential and commercial properties, has signed a memorandum of understanding with British Gas Services, a part of the Centrica group, which may lead to a supply and distribution agreement to offer VPhase products to all British Gas customers.

British Gas Services has announced that it is acquiring several VPhase devices for independent testing with a view, upon successful trials, to negotiating a supply and distribution agreement for its electrical and heating installation and maintenance markets within the UK.

VPhase and Centrica will also collaborate on how the products may be introduced to the North American home and business services market through Direct Energy, another Centrica-owned business.

The first commercial VPhase energy saving product, the VX1, is a low-cost voltage reduction and regulation system. The company's tests have shown that the fitting of a VPhase device to a consumer unit in an average UK home could potentially result in a substantial reduction in electricity usage and a corresponding 10% reduction in electricity bills.

VPhase's in-house testing has indicated that fitting the device to individual household appliances can reduce consumption by up to 18%.

Gearoid Lane, managing director of British Gas New Energy who is leading the product trials on behalf of British Gas Services, said: "This memorandum of understanding (MoU) is another step in British Gas putting in place a range of low carbon energy technologies and products for our residential, business and public sector customers."

Source: Datamonitor

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