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Power Law company profile

Amperesand

Transportation · Singapore · Founded 2023

Amperesand is a Singapore-based grid infrastructure company established in 2023, specializing in the development of solid-state transformer (SST) technology to modernize the electrical grid. The company's creation is the culmination of a seven-year research and development program at the Energy Research Institute at Nanyang Technological University (NTU), which was spun out with the assistance of Xora Innovation, a deep-tech investment platform of Temasek. Amperesand was founded by a team of industry veterans from prominent companies like ABB, General Electric, Siemens, and Vestas, including co-founders Dr. Anshuman Tripathi and Gil Jr Opina, who led the original R&D program at NTU. The core of Amperesand's business is its modular SST systems, which utilize silicon carbide (SiC) devices and proprietary high-frequency transformers. This technology offers significant advantages over traditional transformers, including higher efficiency, a smaller physical footprint requiring up to 75% less space, and enhanced power management capabilities. Amperesand's SSTs are designed to be digitally controlled, enabling intelligent monitoring and management of power flow, which is crucial for integrating renewable energy sources and managing the high demands of modern electrical loads. The systems facilitate bidirectional power flow, allowing for applications like vehicle-to-grid energy transfer, and can replace multiple traditional components like transformers, switchgears, and uninterruptible power supplies with a single, AI-driven unit. Amperesand's business model focuses on selling these advanced transformer solutions to address critical bottlenecks in the global power infrastructure. The company generates revenue through the sale of its SST systems, which will initially be available in 2, 4, and 6MW units that can be combined for larger power needs. The primary target market is the electric vehicle (EV) fast-charging sector, a market strained by long delivery times for conventional transformers. Beyond EV infrastructure, Amperesand is also targeting microgrids, data centers, and industrial solutions as key client sectors. The company secured $12.45 million in a seed funding round in February 2024, co-led by Xora Innovation and Material Impact, to scale up manufacturing and commercialize its technology, with the first systems planned for delivery in the US and Singapore in 2025. Keywords: solid-state transformer, grid infrastructure, EV charging solutions, power electronics, silicon carbide, Nanyang Technological University, Xora Innovation, energy transition, microgrids, data center power, bidirectional power flow, smart grid technology, electrical grid modernization, Anshuman Tripathi, high-frequency transformer, power conversion, electrification, energy management systems, resilient power grids, modular transformers