/>iLapeer-based Grid Logic has been awarded a $3.8 Million grant from the Department of Energy to develop a low-cost superconducting wire for use by electric utilities. This funding, under the Advanced Research Project Agency—Energy (ARPA-E) program, is designed and targeted to assist in commercializing cutting-edge technologies. Grid Logic will use a new manufacturing technique to embed very fine superconducting particles into a combination of metals to induce superconductivity. Such a wire product would reduce the cost of transmission lines, motors, and other electric devices. In total there were $130 Million in ARPA-E awards.
