By Sarah Sullenberger, Newsweek Managing EditorNew high-speed ceiling fans that help save thousands of dollars on your electric bill have been developed by a new startup that says they’re cheaper than traditional fans.
The company, Dyson, is now looking for $1 billion in venture capital to develop and launch the first generation of high-powered fans.
The new technology could be a game-changer for the power industry, and a big win for those who depend on the air to run their businesses.
It also means the power companies can spend less on maintenance and installation.
Dyson, founded in 2012, is focused on developing high-efficiency, high-performance, compact fans that use advanced, high performance materials.
In addition to fans, the company makes fan belts, heat exchangers and other components that reduce power bills.
The company says it’s working on more advanced products that could help consumers save hundreds of dollars per year by lowering their electric bills.
That’s because fans reduce the amount of heat and electricity needed to run computers, televisions and other electronic equipment.
The technology could also reduce the cost of the energy used to run other household appliances, like refrigerators and ovens.
But it could also save millions if fans are used in place of high performance air conditioners, fans that require extensive cleaning and other maintenance.
The energy savings are big.
The average American uses over 1.5 billion gallons of air each year, and if fans and other devices use less electricity, that can add up, said Dyson cofounder and CEO Brian Gorman.
That could cut the average American power bill by a couple hundred dollars per month.
The first fans Dyson is looking to sell to consumers include the Dyson TurboFan 2, which is an eight-inch-tall fan with a 1,000 watts capacity that will be able to keep an air conditioner running for several years.
Dyson also plans to introduce an eight and 10-inch fan, which would have the capacity to keep air conditioning running for about 10 years.
The smaller fans have been in use in Europe for several decades.
The Dyson fans, which are smaller than air conditionering fans, will be made in the United States.
Dysontronic, a Dyson subsidiary, is working with the U.S. Air Force to make the Dysons more affordable.
The larger fans are currently being sold in Europe at around $80 to $130 a unit, according to a company blog post.
But a spokesperson for Dyson said the prices in the U, Europe and Asia are comparable to the U and Europe.
The average American air conditionater consumes over 3 billion gallons per year, according the Energy Information Administration, so a fan that can keep an AC for several months could save about $1,000 per year.
DYSON, meanwhile, says the fan will save the average U. S. household more than $500 per year per year if it’s used on a constant-speed AC.DYSON has raised $1.6 million in venture funding to date, with $1 million coming from Intel Capital, which previously invested in the company.
DIESON is now backed by a variety of investors including Cisco Systems, Intel Ventures, The Carlyle Group and the Founders Fund.
The announcement comes as the industry grapples with the rising costs of energy and other costs associated with the use of air conditioning, heat pumps and other household products.
In 2014, more than 100 million U.