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CorePower Magnetics Receives Federal Grant to Scale Up Manufacturing

2023-11-29 12:36:06.917000

CorePower Magnetics, a Pittsburgh-based company, has received a federal grant from the U.S. Department of Energy to expand its manufacturing capabilities for high-frequency transformers. The grant will enable CorePower Magnetics to increase production and meet the growing demand for high-frequency transformers in various industries, including electric vehicles and renewable energy. With the grant, the company plans to invest in new equipment, hire additional staff, and enhance its research and development efforts. CorePower Magnetics aims to become a leading provider of high-frequency transformers and contribute to the transition to a clean energy future. This grant is part of the federal government's broader efforts to support domestic manufacturing and innovation in the energy sector. [19c8ded4]

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