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A guy described this news item to me at work.
It could be a line conditioner and power factor correction device.
The only possible way I could see something like this lowering your
power bill is if:
1. you have a lot of inductive load...like a pool pump running many hours
a day.
2. Corrective capacitance banks (which I would think add load to
start with) could switch in and out according to how inductive the
load was...ie an intelligent monitoring of your load.
So it's probably PF correcting equipment.
Steve
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