Start-up ReMake Electric received the 2010 Golden Egg and ISK 1 million (USD 7,900, EUR 5,800), the first prize in Innovit’s competition among start-ups, on Saturday. The prize was presented to the winners at a special ceremony at the University of Iceland.
From left to right: Freyr Hólm Ketilsson, Svanhildur Björk Hermannsdóttir, Hilmir Ingi Jónsson og Snorri Hreggvidsson. Photo by Ómar Óskarsson. Copyright: mbl.is.
ReMake Electric has developed a new and revolutionary type of circuit breaker which emits sound signals during electricity overload and, among other purposes, could prevent fires that are started because of failures in electricity systems, Fréttabladid reports.
With the simplicity of the information display, users can avoid electrical overload situations in their homes or companies which offers them an opportunity to save money by reducing excessive electrical consumption, ReMake Electric explains in a statement.
By these means, consumers can also play their part in reducing their carbon footprints by reducing excessive electrical consumption as electrical production is the main cause for carbon dioxide emission globally, the company adds.