Jun 22 2009
Power Efficiency Corporation (OTCBB: PEFF), a clean tech company focused on energy efficiency technologies for electric motors, announced today that the National Aeronautical and Space Administration (NASA) has created a video about the development of Power Efficiency’s energy saving technology, its roots in NASA research, and its importance for the nation’s climate and energy challenges. The video is a NASA Innovative Partnership Program (IPP) Hallmark of Success story. These videos feature companies and the successful technologies developed through NASA’s partnerships with outside entities. The video will be viewable from multiple websites, including NASA’s IPP website and Power Efficiency’s home page.
The video covers many topics related to the development of the energy saving technology, including a background on the NASA engineer that developed the initial technology, Power Efficiency’s additional patented and patent-pending inventions to create E-Save Technology®, an interview with Power Efficiency’s CEO, and a demonstration of the product’s motor control and energy saving features.
The video also covers the relevance of the technology today for climate change issues and electricity cost savings. According to the Environmental Protection Agency, electricity generation creates more greenhouse gas emissions than any other economic sector in the U.S., including transportation. Saving energy is therefore critical for reducing emissions.
The U.S. House of Representatives Energy and Commerce Committee recently approved the American Clean Energy and Security Act (ACES), which seeks to put in place a cap-and-trade global warming reduction plan, effectively putting a price on harmful emissions. If this or similar legislation is signed into law, the motor efficiency technology begun by NASA and further developed and commercialized by Power Efficiency could help companies and other emitters save money two ways – by reducing energy bills and reducing CO2 emissions.
“We are very proud to have built upon this NASA technology to improve the efficiency of electric motors and provide a means for reducing greenhouse gas emissions,” said Steven Strasser, Power Efficiency’s Chairman and CEO. “Starting with the NASA technology as the core concept, we have added patented and patent-pending innovations to create E-Save Technology. Efficiency technologies like this are centerpiece solutions for many of our most pressing national concerns, including reducing energy and future CO2 emission costs, improving our national energy security, and improving our environment.”