SINGAPORE – A Singapore start-up has received a $10 million shot in the arm to commercialise technology that could allow electric vehicles to be charged more efficiently.
The programme is managed by state investment firm Temasek, National University of Singapore and NTU, and was rolled out to accelerate the commercialisation of promising spin-offs from the universities. The transformer converts the electrical energy from high voltage, which is hazardous to humans and equipment, to lower voltages safe for use in industries, homes and offices.
“Solid state transformers can regulate all these functions seamlessly in one unit. These devices are smaller and more efficient than the combined power conversion equipment built around conventional transformers. This is an important breakthrough in providing a balance between distribution power grid, alternating or direct current loads and clean energy resources,” he said.
Separately, NTU and NUS will also develop a new common intellectual property licensing framework by December 2023.