We're thrilled to announce that CorePower Magnetics has been selected for the Pittsburgh Business Times "Startups to Watch" list for 2024. This prestigious recognition highlights our exceptional potential in the year ahead and our commitment to shaping the future of clean energy technologies, right here in the Pittsburgh region.
CorePower Magnetics stands out for its cutting-edge solutions that enhance the efficiency and performance of inductors, transformers, and motors, enabling EVs to drive further and charge faster, data centers to reduce energy consumption, and the grid to better integrate renewables. Magnetic components are everywhere, and our team’s dedication to pushing the boundaries of what’s possible in this space has garnered significant attention and support from industry leaders and investors alike.
As we look ahead to the second half of 2024, we are excited to launch our Phase I manufacturing facility and lay the groundwork for our Phase II facility, supported by $25M in funding from the Department of Energy. We are more motivated than ever to continue our mission of driving magnetification forward.
Being named one of the "Startups to Watch" is not just an honor, but a testament to the hard work and visionary spirit of everyone at CorePower Magnetics. Thank you to the Pittsburgh Business Times for this incredible recognition, and to our partners, supporters, and team members who make our success possible.
Read the article here: