Ed Randall, President and CEO of Warner Power commented,“We are absolutely delighted that Senator Shaheen could be with us today. We remember with pleasure her visit to our main plant in Warner, back in April 2010, so we are glad to welcome her to this exciting new venture in Hollis”.
“Senator Shaheen has been very active in promoting NH business, helping to create jobs. She is also a member of the Senate Committee on Energy and Natural Resources, so energy-saving and energy efficiency have been a particular focus of her attention. She is well-known for her statement that ‘the cheapest form of energy is the energy we save’.”
“We are a strong supporter of the new bipartisan Energy legislation• that Senator Shaheen and Senator Rob Portman (R-OH) are jointly sponsoring. This really focusses on energy savings and will certainly stimulate interest in high efficiency appliances, including transformers”
*Energy Savings and Industrial Competitiveness Act of 2011
The Hollis facility is dedicated to building a new type of electrical transformer called Hexaformer®. This offers greater efficiency and raw material savings, compared with conventional transformers. These innovative products also are very attractive in a variety of industrial drive applications, with enhanced performance, and “grid-friendly” qualities.
The first Hexaformers were made in Sweden. Warner Power acquired the rights to this technology in order to bring them to the US. Today they are 100% engineered and built in New Hampshire. The goal is to expand production rapidly, adding at least 100 good jobs, with full benefits, over the next two years.
But Warner Power is thinking big and has its eye on a much larger, nationwide market. Senior V-P Peter Amos explains:
“Hexaformers are half the story. We can then control and manage these superb transformers with our SmarTran® transformer management system. This creates significant further savings, which can be dramatic. For example a typical 75kVA transformer that you find in many buildings wastes as much as 400-500W of power, even under no load. And this is 24/365, so the cost really adds up. But a SmarTran/Hexaformer combo can cut these losses by over 80% to under 70W”.
“Savings in the lifetime costs of ownership can be equally dramatic. Taking a typical operating load profile for a 75kVA transformer in, say, an office building or school, we can contrast $34,000 for existing ’legacy’ products, to less than $14,000 for Warner Power’s new technology."
“Deployed nationwide these technologies could save up to $2.2Bn/year in electricity, equivalent to three times New Hampshire’s annual electricity consumption”.
Recognizing other notable guests at the opening ceremony
Warner Power welcomed Mr. Magnus Palmstierna, from Stockholm Sweden. Mr. Palmstierna was among the first to recognize the benefits of Hexaformer technology and was the founder of Hexaformer AB.
Warner Power welcomed Mr. Thomas Daly, Chairman, New Hampshire High Technology Council (NHHTC). Warner power is a proud member of NHHTC, and was pleased to be selected as a finalist in NHHTC’s “Product of the Year” competition, featuring SmarTran and Hexaformer.
More about Warner Power LLC
Warner Power manufactures electrical transformers, power supplies and data entry terminals, boasting many years of experience and a reputation for quality and reliability at a competitive price.
Rooted firmly in the New England traditions of inventiveness and hard work, Warner Power products support the fast–growing alternative energy industries in China, Korea, Europe and the U.S. Over 40% of the company’s production is exported. Other key markets include power supplies for industrial heating, elevator drive systems, and medical equipment.
In 2008 the Company was recognized as one of the fastest growing privately owned companies in New Hampshire by New Hampshire Business Review magazine. In 2010 Warner Power was recognized by New Hampshire Governor John Lynch in his State of the State Speech.
Warner Power (warnerpower.com) is a portfolio company of American Capital, Ltd. (NASDAQ: ACAS), a Bethesda MD based publicly traded private equity firm and global asset manager.