Richard McIndoe, who as CEO of Energy Australia was responsible for sending out electricity bills, has launched a startup to help households pay less for power.
The venture, Edge Electrons, has a partnership with Flex, which designs and builds products, created two devices to help make local electricity services more reliable while reducing overall energy consumption.
The eSAVER, a voltage regulation device, is designed for households and business customers. The eCORRECTOR, a power factor correction device, is a solution for small and large businesses.
Both compact, low cost devices give the ability to lower electricity bills by more than 15% a year through improved energy efficiency.
McIndoe, who is now executive chairman at Edge Electrons, says the partnership with Flex will provide large scale global production and supply chain advantages.
He was CEO of Energy Australia for eight years to 2014.
Edge Electrons is currently in discussion with a number of national energy retailers.
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