Could a ‘fridge’ save money on your hot water costs?

A new renewable technology could help consumers save money on their hot water costs. Called the ‘Little Thermodynamic Box’, it is an air source heat pump which works like a […]

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By ELN reporter

A new renewable technology could help consumers save money on their hot water costs.

Called the ‘Little Thermodynamic Box’, it is an air source heat pump which works like a fridge in reverse.

It has panels which absorbs heat from the surrounding atmosphere and uses the energy to heat hot water.

The company, called Magic Thermodynamic Box, claims the technology could save between 80% and 90% on energy usage for domestic hot water.

On average, a household spends £1,325 a year on gas and electricity, with the hot water bill contributing around 34%, it added.