Amperesand

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.