NextEnergy Awards Grid Logic Matching Funds To Develop Low-Cost Superconductor Wire
DETROIT — Grid Logic, a technology company located in Lapeer, has been awarded a $3.8 million grant through the Advanced Research Projects Agency – Energy of the United States Department of Energy.
To support Grid Logic’s federally required cost share, Detroit-based NextEnergy, the state’s renewable energy industry accelerator, has selected Grid Logic as the first recipient of its MATch (Michigan Accelerating Technology) Energy Grant.
Grid Logic develops and manufactures components and devices for the distribution, generation, and storage of electric power. With ARPA-E and NextEnergy’s MATch Energy Grant funding, it plans to develop a low-cost and innovative superconducting wire for electric utility applications.
Using a new manufacturing technique, Grid Logic will embed very fine particles into a combination of metals to induce superconductivity. The superconducting wire will reduce the cost of transmission lines, motors, wind turbines, and other electric devices.
“NextEnergy’s and the MEDC’s support has made an enormous contribution to Grid Logic’s ability to innovate and deliver solutions in this highly competitive field,” said Grid Logic CEO George Caravias. “We very much appreciate the MATch award and we look forward to commercializing the technology in partnership with NextEnergy.”
NextEnergy’s MATch Energy Grant, launched in December 2012 with funding by the Michigan Economic Development Corp., provides matching funds to eligible Michigan businesses and universities applying for advanced energy-related federal funding. The program also supports Michigan companies and universities by connecting them to federal funding opportunities through webinars, matchmaking events and other outreach efforts, offering support in developing their applications and providing commercialization services after the funding is secured.
“We are proud that our inaugural award will go to Grid Logic, whose innovative, technical and business excellence is an example of the outstanding talent here in Michigan,” said Jean Redfield, president and CEO of NextEnergy. “The MATch Energy Grant is another vehicle that will drive investment dollars into Michigan to create jobs, grow intellectual property, and propel the development of advanced energy innovations.”