CorePower Magnetics receives $5-million ARPA-E grant to scale magnet manufacturing for EVs
CorePower Magnetics has obtained a $5-million grant from the DOE’s Superior Analysis Tasks Company-Power (ARPA-E) Seeding Essential Advances for Main Power Applied sciences (SCALEUP) program, which it should use for scaling its magnetic options for EVs and EV charging. The corporate can be planning to open a brand new manufacturing line in Pittsburgh.
Commercialization companions Eaton and John Deere will help CorePower as a part of this system.
“The potential of EVs and renewables has created a requirement for extra environment friendly and power-dense magnetics in order that EVs can journey farther and cost sooner, and the grid can adequately deal with progress in demand,” stated CorePower CEO Dr. Sam Kernion. “We’re thrilled to have been chosen by means of the extraordinarily aggressive ARPA-E SCALEUP course of and are trying ahead to growing our manufacturing roots within the Pittsburgh area.”
Supply: CorePower Magnetics
