Power Efficiency is a green energy company based in Las Vegas, Nevada, and incorporated in Delaware. It trades under the stock symbol PEFF on the OTCBB. The company focuses on creating efficiency technologies for electric motors, with a particular emphasis on their E-Save Technology. This innovative platform has demonstrated the capability to boost the efficiency of electric motors by 15-35% in suitable applications, as confirmed in independent tests. As electric motors consume over 25% of the electricity in the U.S., the potential impact is significant. Power Efficiency offers its E-Save Technology for licensing to motor, controls, and equipment manufacturers, marking a strategic approach to scaling its impact. One notable product stemming from E-Save Technology is the Motor Efficiency Controller, tailored for use in various industrial applications including escalators, crushers, granulators, mixers, saws, and MG elevators. This product has the potential to contribute to substantial energy savings. The company estimates that E-Save Technology could save the U.S. manufacturing sector $1.7 billion annually in electricity costs. In addition, Power Efficiency has extended its innovation to household appliances, collaborating with manufacturers to integrate this technology into new motors and appliances, further expanding its market reach. Founded in 1994, Power Efficiency received a $5.02M Series D investment on June 22, 2010. Although the details of the investor for this particular round are not provided, the investment likely indicates a vote of confidence in the company's technology and its potential to drive sustainable energy efficiency. With a clear focus on impactful innovation in the energy and energy efficiency industries, Power Efficiency presents an intriguing proposition for potential investors looking to contribute to a more sustainable future.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series D | $5.02M | - | 22 Jun 2010 | |
Venture Round | $275.00K | - | 31 Dec 2009 | |
Venture Round | $5.68M | - | 02 Nov 2007 | |
Venture Round | $4.20M | - | 24 Apr 2007 | |
Debt Financing | $2.00M | - | 11 Dec 2006 |
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