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Thermal controller for Air conditioning energy saving

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Conventional air conditioning system don’t solicit feedback from more than one building occupant. Typically, a single thermostat is the only feedback mechanism for determining thermal comfort for a given zone. Furthermore, the thermostat may be influenced by the micro- climate around it and hence may not always reflect the human sense of comfort. Building occupants can react to the changing environment only by adjusting the thermostat set-point. However, in most buildings a single thermostat serves an area occupied by multiple occupants. Therefore, this is impractical to change the thermostat set-point manually based on the comfort level of each individual occupant. The newly-developed product named "Innowate" directly communicates with the air-conditioner and based on the building application and occupant activity, compute and select the optimum temperature to provide the thermal comfort for people while diminishing the electricity consumption of Aircon. Rather than user-based temperature set-point which may not be the right one, Innowate calculates the optimal set-points based on thermal comfort science.

Financial information

Air conditioners have a household penetration of over 75% in Australia and use around 60 percent of the electricity consumed by households. Air conditioners also account for a major proportion of electricity consumed by businesses. In Australia there are more than 50 million refrigeration and air conditioning units consuming over 20% of all electricity. With high and rising electricity prices, customers are actively searching for ways to reduce their power bills.
Further, as air conditioners in cooling mode are the dominant cause of peak electricity demand, a reduction in power consumption from air conditioners reduces the need to build more poles and wires to transmit and distribute electricity. Peak demand is a major contributor to electricity costs and around 50% of the cost of power to households is due to the transmission and distribution of electricity.

The prototype has been made and tested several times. The average energy savings potential is 15-25%. Installation of this product takes less than five minutes and no expertise is required to install it.

We are going to sell the % of the company based on negotiating.

We have also potential customers ready in Australia and China.

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