Axial Vector Engine Corp. (AXVC.PK) Sees Global Success for Improving Electrical Power Demands
Today, the very large and rapidly growing number of electric motors, many that are highly inefficient, consume nearly 50% of the world’s electricity. In the USA alone, the Department of Energy (DoE) reports that electric motors consume almost 60% of all generated electrical power. A rather surprising statistic shows refrigeration for homes and offices consumes nearly 10% of the world’s energy. Electric motors powering the HVAC (heating, ventilation and air conditioning) systems in commercial buildings account for approximately 50% of the building’s total electric costs.
Axial Vector Engine Corp (AXVC.PK) is a publicly traded global solutions company that owns, develops, and licenses revolutionary combustion engine and electric power generator technologies for use in automotive, power generation, appliance, and military application. Their patent-pending “axial flux” engine and generator set (GENSET) technologies produce highly efficient, cost-effective, and environmentally sensitive multi-fuel engines and motors that are scalable across a wide range and able serve in both mobile and fixed-location settings.
In a report by Appliance Magazine, global appliance sales over the next four years will increase for washers by more than 7.5%, and refrigerators are expected to increase from 55 to 62.5 million units, an increase of 13.6%. Additionally, sales of clothes dryers (10.3% growth), dishwashers (13% growth), vacuum cleaners (3% growth), and microwave ovens (6% growth) are also expected to increase by the percentages indicated.
As the proportion of electric energy consumed by electric motors and appliances continues to grow in the US, there is a similar pattern around the world. There is an exploding power demand in a number of Asian countries such as India, China, and many other Southeastern Asia and Latin American countries. Axial Vector sees a great opportunity to play an important role in meeting these growing demands for efficient motors and the reduction of national energy demands and cost containment. The company has also noticed a demand for increased power production (electrification) in many countries in which their GENSET will be able to meet the growing demand for prime power, distributed power, standby power, and portable power.
Although electricity prices in China are rather low, electricity prices are rising significantly. As a result, there has been a flux of government activity intended to develop markets for higher efficiency products, and the large multi-lateral development banks are actively working to finance energy efficient projects along with their support of power development projects. The privatization of electric power and the removal of governmental subsidies means a very strong interest in high efficiency systems such as Axial Vector’s.
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