Fisher & Paykel Appliances hopes manufacturers around the world will embrace its new technology unveiled yesterday, which the firm says is a "step change" in refrigeration design.
The Kiwi manufacturer says its refrigeration compressor, under development for almost 20 years, can improve appliances' energy efficiency by up to 30 per cent. Mercury Energy figures suggest that could potentially save the owner of a large fridge $60 a year.
The compressor's smaller size, when compared with conventional models, also means refrigerator volume can be increased by 15 litres - enough space to store an extra three bottles of milk. F&P Appliances, with its US partner company, Whirlpool Corporation, will be the first firms to "test market" the new technology before it becomes commercially available to all manufacturers.
F&P Appliances chief executive Stuart Broadhurst said yesterday that the new compressor would be test-marketed in the company's products this year.
At the moment, the company used compressors designed and made by other manufacturers, Broadhurst said.
It was a leap in technology that had the potential to become as important to refrigerator manufacturers as the electric car engine was to the motor industry.
Forsyth Barr analyst Andrew Harvey-Green said the likelihood of global manufacturers using the compressor depended on the technologies they were developing themselves.
"Given [F&P Appliances'] association with Whirlpool, and of course Haier - those are two international companies that will be looking at this technology closely," Harvey-Green said. Consumers would see the extra space as the major benefit.
For the past five years F&P Appliances had developed its compressor in partnership with Brazilian manufacturer Embraco, which was owned by Whirlpool, Broadhurst said.
Embraco was a leading compressor manufacturer.
"We need the best return on the project for shareholders and if we can take it to a global marketplace, we get a lot more from it," he said.
About 30 New Zealand and Brazilian engineers had fine-tuned the design, which was a closely guarded secret until yesterday.
Embraco has been licensed by the New Zealand firm to manufacture the patented compressors in Brazil.
F&P Appliances vice-president for product development Dan Witten-Hannah said the new compressor addressed the main things consumers wanted in their fridges - optimum "food care", maximised space and energy efficiency.
Broadhurst said: "A 30 per cent improvement in energy efficiency is unheard of.
"In most households, the refrigerator is one of the larger-appliance power users, and reducing energy consumption is a consistent goal of our product development team."
Witten-Hannah said the compressor's linear motor provided a more consistent temperature level.
"The customer benefit there is around food care.
"If you want to keep your food at the best possible quality, you want a very flat, stable temperature profile," he said.
Broadhurst said a sophisticated electronics system was needed to run the new compressor, while refrigerator bodies would need to be redesigned to fit the new shape.
Fisher & Paykel Appliances' share price closed up 2c at 58c last night.
Cool fridge tool can save cold, hard cash
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