News

Raser Awarded US Department of Energy Grant

February 09, 2005 by Jeff Shepard

Raser Technologies Inc. (Provo, UT), a developer of advanced electric motor and controller technology for electric motors and controllers, announced that the US Department of Energy (DOE), has awarded Raser with an Energy Conversion Science grant under the State Technologies Advancement Collaborative (STAC).

With this award, Raser will perform the design and development of the FLEXMOD™ platform, building on Raser's pre-existing technical know-how with respect to controllers for high-performance motors. Each participant will be reimbursed on roughly an 80/20 cost-share arrangement. Raser is the primary recipient of the award, and will retain all intellectual property rights to the company's core Symetron™ technologies. A formal contract is anticipated to be executed in four to eight weeks.

The objective of the award is to develop a flexible, modular (FLEXMOD) inverter (motor controller) platform, which can be applied to a wide range of electrical motors and power supplies. The project will use advanced technology that can be applied to ac motors to meet the performance characteristics of permanent magnet motors and exceed those of current ac motors. The potential savings in electrical energy consumption and growth in electric-powered transportation vehicles, including electric buses, industrial trucks and hybrid-electric vehicle markets, are the primary beneficiaries of this project.