HM Prison service have altered the tappings on many of their transformers to be honest rather than go down the VPhase type route.
PFC is essential for most large facilities, and active is much better than fixed, and really the payback is good.
They are not quite trying to achieve the same aims, as PFC is trying to eliminate the reactive component, that is the wasted section, VO is all about reducing the voltage to that typically found on mainland Europe.
It is possible that appliances designed to run at that voltage which have an operational band which includes our voltage range, could use reduced power.
I'm not convinced. Neither have I looked into VO in any real depth, I do know a few well qualified engineers who asked some very pointed questions of the manufacturer of one type of VO, and never got any answers!!!
Suffice to say I think they will never spec them on any of their projects.