AI & Enterprise
AI boom puts transformer startups in spotlight as they target SST
The 140-year-old iron-core transformer underpins power grids and AI firms’ power infrastructure, but faces limits as data-centre electricity demand surges, the article said. Interest is growing in solid state transformer, or SST, technology. In recent months, related startups have raised $280 million, TechCrunch reported. Competitors including Ampersand, DG Matrix and Heron Power are vying for position, with total funding topping $330 million, PitchBook said.
