As electricity consumption in U.S data centers forecasted to reach a whopping 12% by 2028, tech firms are in the quest for efficient power solutions. Amperesand, a tech enterprise, believes its solid-state transformers can fit the bill far better than the current technology.
Striving to meet the global demand of 90 gigawatts in 2023, which may surge to 185 gigawatts by 2028, Amperesand fortifies its technology. The company substitutes conventional iron cores in old transformers with silicon carbide, professes CEO Gary Lawrence to TechCrunch.
Traditional transformers, following a century-old design, struggle to control voltage or frequency fluctuations and need customization for particular electricity formats. Here, solid-state transformers utilizing silicon carbide bring the much-needed change. Brain Dow, Amperesand’s Chief Product Officer, elaborates how their “multi-port and modular design” allows seamless transitions among different AC phases and DC sources, such as solar power and batteries.
Currently, Amperesand is amidst raising a Series A round, having secured a $12.5 million seed round last year, the company shared with TechCrunch. Aside from data centers, they set sight on the EV charging and grid applications.
Phil Inagaki, Managing Partner at Temasek’s Xora Innovations, says the fundraising “is moving really quickly.” The transition of leadership saw Inagaki, handing over the helm to Lawrence, Dow, and the new Chief Technology Officer, Tommy Joyner.
Finally, the Singapore-based startup is branching out to the U.S, tapping into a rich talent pool and positioning itself closer to a vast market.
Original source: Read the full article on TechCrunch
