Posted 13th Aug 2014

Energy-conscious MD up for Duke of York New Entrepreneur of the Year Award

13th August 2014 - 08:00am

The MD of a renewable energy company that aims to lower energy bills with an innovative hot water and heating system is up for the Duke of York New Entrepreneur of the Year Award.

Alistair Smit of The Magic Thermodynamic Box Company was named as one of the five finalists shortlisted for the prize after delivering a live pitch in front of an audience and panel of expert judges, which set out the company's business model, achievements and plans for future growth.

The company said its Magic Thermodynamic Box – which uses wind, rain or sunlight to convert refrigerant liquid into gas – can save homeowners up to 90% on their fuel bills.

Smit said he was “delighted” to have been shortlisted for the accolade, which is awarded by the National Business Awards. He added: "Our products challenge convention and we are converting the marketplace one person at a time.”

Vonage UK MD Simon Burckhardt, who was on the judging panel, said: "Entrepreneurs like Alistair Smit of The Magic Thermodynamic Box Company are the backbone of this economy. They along with the other semi-finalists are an example of the innovation, creativity and passion that exists in the UK business community.”

The public has been invited to vote for their favourite finalist on the National Business Awards website. The results will be revealed on 11th November at the Grosvenor Park Lane, London.

The other finalists are Emma Cerrone of Free:Formers; Ben Weaver of Outlook Publishing; Kathryn Birch of Translive Global; and Jay Radia of Yieldify.

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