HTIP Ltd, which is based in Cambridge at the St. John's Innovation Centre, won the New Energy Innovation Start Up award for the development of a novel solid state voltage regulator that will make domestic voltage regulation more cost effective, efficient and easy to install as a mass market product.

Collecting the award on behalf of HTIP, director Bob Preston said: “We’re really excited to win this award. We’ve had some amazing break-throughs with the technology and now look forward to working with other people interested in working in this area.

“To win this award is a great start to the future of developing the technology to manage higher and higher voltages and currents.”