According to Reuters, industries helping the world move to Net Zero emissions could be worth $10.3 trillion to the global economy by 2050.
Compound semiconductors maximise energy generation from solar panels and optimise energy conversion and management. They also improve the performance and reduce losses in power transmission and distribution systems.
Solid-state transformers (SSTs) use compound semiconductors to convert and regulate energy. They are better at managing power flows and can be better integrated into the smart grids of the future.
Martin McHugh, CEO, CSA Catapult explains, “There are huge opportunities for wide bandgap semiconductors, especially in solid state transformers. As we move to using more renewable energy, the existing energy infrastructure will need to be improved using solid state transformers.”
“The UK needs to collaborate more. We need to collaborate more at a local level and at the international level,” he continued.
CSA Catapult recently published its response to the UK’s industrial strategy where it called for the UK to be positioned as ‘semiconductor super cluster’ to drive collaboration, growth and exports for the long term.