Epoch Wires Wins a Capital Grant from Low Carbon KEEP Small Business Funding
April 28, 2014
CAMBRIDGE, UK, April 29, 2014 /PRNewswire-iReach/ Epoch Wires Wins a capital grant from Low Carbon KEEP Small Business Funding to pursue R&D activities in manufacturing Low-Cost Superconducting Wire for Mass Use.
Epoch Wires, an early-stage company specialising in designing and manufacturing superconducting wires, announced today that it has won a capital grant from Low Carbon KEEP Small Business Funding as the SME partner of The Applied Superconductivity Research Group in the Materials Science and Metallurgy Department at University of Cambridge. The capital grant covers 40% of eligible project costs as well as funds up to 40% of the costs of purchasing capital items.
Under the Project, Epoch Wires will conduct research and development efforts to design and manufacture superconductive cables carrying a very high DC power to replace the conventional electrical distribution bus in high power density applications, such as data centres. Previously, the company successfully completed manufacturing experiments to produce an infinitely-long Magnesium Diboride (MgB2) wire with excellent physical properties. The new wire is produced at the lowest market price at high production capacities enabling medical, and large-scale energy applications to meet mass market demand. The company plans to start commercial production in 2014.
Dr.Serdar Atamert, founder and CEO of Epoch Wires, said "We are very pleased to have won this grant which will facilitate development of our infinitely-long wire production." He added " This project aims to design and manufacture low cost MgB2 based superconductive DC cables, which simplify the installation electrical network and eliminate a number of AC/DC conversions and power losses due to ohmic resistance in data centres as well as in other high energy demanding applications." The project will investigate the feasibility of the wire in application to the new data centre under construction in University of Cambridge.