Energy-Saving Material Gets a Boost (Wall Street Journal)

A material used to make power-saving light bulbs is gaining momentum in the world of semiconductors. KKR & Co. is the latest to place a bet.

 

The big private-equity firm, known mainly for funneling money from other investors into buyouts of established companies, plans to announce Monday that it is using its own money to lead a $70 million funding round for the startup Transphorm Inc…

 

…Umesh Mishra, Transphorm’s chairman and co-founder, estimates that 10% of all power used in the U.S. stems from losses during power conversion in electric motors and other products. Shifting entirely to gallium-nitride technology could save $20 billion annually in the country, his company estimates…

 

…Mr. Mishra doubles as a professor at the University of California at Santa Barbara, a longtime center for gallium-nitride research. His colleagues there include Shuji Nakamura, who won the 2014 Nobel Prize in physics for his work in perfecting the use of the material in lighting.

Archives