Legend Power Blog

Legend Power was featured as a leader in energy-efficiency in an RBC sponsored guidebook that was distributed at the Globe 2010 conference.

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[Legend Power's] technology comprises two parts: an electromagnetic transformer (“harmonizer”), about the size of a three-drawer high filing cabinet, and an electronic voltage regulator. The voltage regulator senses what level of voltage is coming into the building and optimizes it. “It basically takes the inefficiencies out of the electrical system,” says Gill, Legend Power’s chairman and chief executive officer.

After nearly a decade of research and development, and testing at beta sites, Legend Power is now in the commercial and light industrial sectors, helping organizations such as big box chains, hotels, hospitals, recreation centres and grocery stores save money. Results from the use of the harmonizer are easily measurable with an estimated 6% to 10% energy savings in electric costs, as well as reduced maintenance costs and greenhouse gas emissions.

The payback period after incentives in Ontario and B.C. is between 2.5 and four years, says Gill, depending on energy consumption levels.

The article mentions that Honda Canada saved 6% of its energy costs by installing Legend Power’s Harmonizer technology and IKEA Richmond reduced it energy costs by 7%. “Even during our summer period with air conditioning loads, we still ended up with the equivalent electrical bill saving results in the range of 8.7% on our entire facility load,” says Doug McCann, general manager of IKEA Richmond Ltd.

Gill’s advice for other organizations looking to become more efficient through an energy retrofit: “Be strategic,” he says. “It is important that you ensure that all the changes you make to the facility and all the technology implemented work together and truly complement each other.”

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Equities and Economics Report writer Victor Gonçalves, in this exclusive interview with The Energy Report, talks about what he thinks “being green” means for energy. He also mentions Legend Power and says that being green is more than having a smaller carbon footprint, and more about using energy efficiently.

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The Energy Report: Any companies out there that you’re following that are pursuing some interesting energy-saving concepts?

Victor Gonçalves: I’ve been following a company called Legend Power (TSX.V: LPX). What they do is quite impressive. Most commercial buildings have the ability to access a regular power, electricity plug in, or peak power, but you pay for the peak power just to have that available. They pay for all this extra power to be available to them.

What Legend Power does is install modulators, which reduce the power on demand at the plug when it’s not being used. They calibrate the amount of power to the outlet for the demand you’re going to use. That’s what I think is a brilliant move, especially when it comes to a big box store, Best Buy, for example.

They’re closed between 10 o’clock at night and eight in the morning; that’s 10 hours of peak power that they could be reducing. Legend Power’s gotten a lot of work orders and they’re just developing the business. I think this is patented technology and systems, so they’ll be a big player in the system and probably the leader. So, again, huge, huge innovations in saving energy.

For more, see the full article, where Gonçalves also talks about shifts in energy use, technology, and rare earths.

From all of us at Legend Power, have a Merry Christmas and a Happy New Year!