ABB has made a minority investment in North Carolina-based DG Matrix to support the commercialization of solid-state power electronics for AI data centers and renewable microgrids. The financial details of the deal were not disclosed.

DG Matrix's Power Router platform integrates multiple AC and DC energy sources and loads, replacing 10 to 20 traditional electrical devices with a single, high-efficiency system. The solution, up to five times smaller than conventional setups, achieves a 98% energy efficiency rating.

The investment is driven by the increasing energy demands of AI data centers, industrial electrification, and renewable energy systems. As global electricity consumption rises, new technologies are needed to improve efficiency and reduce grid constraints.

Massimiliano Cifalitti, President of ABB's Smart Power division, highlighted the potential impact of DG Matrix's technology, stating that it can help data centers optimize power usage while supporting industries in their energy transition. Haroon Inam, CEO of DG Matrix, emphasized the company's strong intellectual property foundation and its potential to disrupt multi-billion-dollar markets.

The investment was made through ABB Electrification Ventures, which has invested around $80 million in 15 startups since 2021. ABB's broader ABB Ventures fund has allocated approximately $450 million to startups aligned with its automation, electrification, robotics, and motion portfolio since 2009.

With over 140 years of history and a workforce of approximately 110,000 employees, ABB continues to expand its reach in sustainable and resource-efficient technology solutions.

Source: new.abb.com