Energy Bank is a company based in Manitowoc, Wisconsin, United States. Lately, they have publicly revealed a new form of solar-powered LED lighting. According to the inventor it has the potential to re-invent the current solar LED industry. According to the mid-sized, northeastern Wisconsin city is a good place to do that work and officials are hopeful it could give the community a boost.
Energy Bank founder and CEO Neal Verfuerth said the new FUSION system is cheaper and more efficient than another solar-powered lighting because it takes power directly from solar panels to lighting units instead of transforming it into an alternating current and sending it through the power grid.
“Everything on the market today that is solar lighting has a battery and a lot of expensive apparatuses to make it grid-connected,” Verfuerth said. “This doesn’t have that.”
The city Gov. Scott Walker attended the public unveiling. He told a crowd of employees and business people who gathered at the factory that Energy Bank is a good example of the type of business that will help “keep more of the graduates here.”