Wins a 2010 Edison Best New Product Award
LOUISVILLE, Ky.--(BUSINESS WIRE)--The GeoSpring™ hybrid water heater from GE continues its impressive run of firsts. Not only was the GeoSpring the first heat pump to be ENERGY STAR® rated and the first to be listed on the U.S. Department of Energy's website, it has recently earned another first: first place in the Edison Best New Product Awards in the Lifestyle & Social impact category.
The Edison Best New Product Awards recognize new and innovative products in the spirit of Thomas Alva Edison, America's greatest inventor and innovator. Edison was father of the electric light bulb, document duplication, recorded sound, commercial electricity generation, and the motion picture, to name but a few of his inventions.
After air heating and cooling, home water heating is the largest in residential energy consumption. As homes are designed to be more energy--efficient, the percentage of energy used to heat water has been growing---until now. The new GeoSpring hybrid water heater can cut residential water heater energy costs by more than half.
By utilizing heat pump technology in combination with traditional electric elements, the GeoSpring hybrid water heater pulls heat from surrounding air and transfers it to the tank. This innovative process creates the same amount of hot water as a traditional water heater, but can reduce energy expenses up to 62 percent.* And that could have a dramatic impact on monthly utility bills and the environment. The GeoSpring hybrid water heater:
- Consumes up to 62 percent less energy than a standard electric water heater
- Results in energy savings of $320 per year**
- Exceeds ENERGY STAR® minimum requirements of 2.0 Energy Factor (EF) with 2.35 EF
The GeoSpring hybrid water heater has earned a "Best of What's New" award from Popular Science magazine, and was also recently recognized in Home Builder Executive's "Green Building Product Awards" for Heat Pump Water Heaters.
About the Edison Awards
The 2010 Edison Awards are sponsored by TV's Discovery Channel, Google, The Nielsen Company (a leader in market research and intelligence best known for TV's "Nielsen ratings"), and Strategyn, a global leader in innovation management. The Thomas Edison Papers at Rutgers, the State University of New Jersey, serves as a guarantor of the Edison Awards. The Edison Papers since 1979 has cataloged and analyzed the five million pages of documents left by the great inventor, and is the custodian of the criteria of The Edison Awards. The Edison Papers in concert with the Edison Awards Steering Committee evaluate all Edison Awards entries seeking innovation achievements in the spirit of Thomas Edison.
About GE - Appliances & Lighting
GE - Appliances & Lighting spans the globe as an industry leader in major appliances, lighting, systems and services for commercial, industrial and residential use. Technology innovation and the company's ecomaginationSM initiative enable GE - Appliances & Lighting to aggressively bring to market products and solutions that help customers meet pressing environmental challenges. General Electric (NYSE: GE), imagination at work, sells products under the Monogram®, Profile™, GE®, Hotpoint®, SmartWater™, Reveal® and Energy Smart® consumer brands, and Tetra®, Vio™ and Immersion® commercial brands. For more information, consumers may visit www.ge.com.
*Based on DOE test procedure and comparison of a 50--gallon standard electric tank water heater using 4879 kWh every year vs. the GE Hybrid water heater using 1856 kWh every year, and national average of 10.65 cents per kWh
**Based on DOE test procedure and comparison of a 50--gallon standard electric tank water heater using 4881 kWh per year vs. the GE Hybrid water heater using 1856 kWh per year, and national average of 10.65 cents per kWh
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Allison Gatta