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,…