TDK Ventures Backs Singapore-based Startup Amperesand for Global Electrification with Solid State Transformers
Amperesand, a leader in grid infrastructure solutions, is at the forefront of revolutionizing electrification with its innovative solid-state transformer (SST) technology. TDK Ventures, Inc., a subsidiary of TDK Corporation, recently announced its investment in Amperesand, recognizing the transformative potential of SST technology in addressing critical challenges in the electric vehicle (EV) sector and advancing grid infrastructure for the future.
Amperesand's SST technology, born out of the Nanyang Technological University of Singapore (NTU) and supported by a team with extensive experience in power systems, offers groundbreaking solutions for EV DC fast-charging infrastructure. As the demand for electrification continues to surge across various sectors, including fleets, consumer vehicles, and ports, Amperesand's SST technology emerges as a game-changer in ensuring efficient, intelligent, and resilient electrification worldwide.
Transformers play a vital role in power distribution infrastructure, particularly in the EV sector, where they ensure the delivery of the correct power form to the right location. However, the traditional alternating current (AC) grid faces significant challenges, such as the proliferation of direct current (DC) loads, aging infrastructure, transformer shortages, and escalating project costs. Amperesand's SST technology addresses these challenges head-on by offering containerized SSTs that seamlessly integrate with the distribution grid. These SSTs boast a customizable mixed AC/DC output, bidirectional power flow, compact footprint, enhanced flexibility, and superior reliability, redefining how high-capacity DC loads, like EV charging stations, connect to the grid.
Nicolas Sauvage, President of TDK Ventures, expressed excitement about partnering with Amperesand, emphasizing the critical role of SST technology in supporting global electrification efforts. Sauvage noted Amperesand's versatility, market focus, and potential for long-term revenue growth through grid services and bidirectional charging as key factors driving their investment decision.
Amperesand's Co-Founder, Anshuman Tripathi, PhD, expressed gratitude for TDK Ventures' support, highlighting their shared vision for electrification. With TDK Ventures as a strategic partner, Amperesand is poised to lead the electrification revolution, starting with megawatt-scale EV DC fast-charging solutions.
TDK Ventures' investment in Amperesand underscores its commitment to fostering innovation in materials science and energy/power sectors. By supporting startups like Amperesand, TDK Ventures aims to accelerate the transition towards a sustainable and electrified future.
As a global leader in electronic solutions, TDK Corporation remains at the forefront of technological evolution, driving societal transformation through innovation. With a comprehensive portfolio spanning passive components, sensors, power supplies, and more, TDK Corporation continues to shape the future of automotive, industrial, and consumer electronics sectors.
TDK Ventures, established in 2019, seeks to propel digital and energy transformations by investing in startups that leverage fundamental materials science. By providing technical expertise and access to global markets, TDK Ventures aims to empower promising startups and contribute to a positive future for the world.
Amperesand's infrastructure solutions, powered by SST technology, offer a glimpse into the future of electrification. With scalable SST systems designed for various power requirements, Amperesand is poised to drive efficient, intelligent, and resilient electrification on a global scale, ushering in a new era of sustainable energy solutions.
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