Corepower Magnetics

About Corepower Magnetics

CorePower Magnetics is a cutting-edge startup specializing in high-performance power electronics components. The company leverages advanced soft magnetics technologies developed at Carnegie Mellon University and the National Energy Technology Laboratory. CorePower's main products include inductors and transformers that offer superior temperature stability in more compact and lighter designs.

The company operates in the power electronics market, which is crucial for the electrification of transportation, enhancing energy efficiency, and modernizing the electrical grid. CorePower's innovative approach addresses the limitations of traditional magnetic components, which are essential for advancing power electronics and power conversion systems.

CorePower's business model is built on the development and commercialization of patented technologies. These technologies involve advanced manufacturing processes and novel materials that significantly reduce the weight, volume, and energy losses of power electronics components. Specifically, their products achieve up to a 10x reduction in weight, a 5x reduction in volume, and a 50% reduction in energy losses, all without using rare earth metals. These improvements result in higher current capabilities, extended electric vehicle ranges, and longer component lifetimes.

The company primarily serves clients in the transportation, energy, and industrial sectors, who require advanced power electronics for applications such as electric vehicles, renewable energy systems, and smart grids. CorePower makes money by selling its high-performance components to these clients, often through collaborative partnerships. The founding team combines deep expertise in soft magnetics, manufacturing, and commercializing energy technologies, positioning the company to effectively bring its innovative solutions to market.