Tuesday, April 23, 2024

High Temperature Superconductors Gets $5M From DOE

Santa Barbara-based High Temperature Superconductors (HTS), which is developing high-temperature superconducting tape says it has received $5M from the U.S. Department of Energy (DOE), via the DOE's Advanced Research Project Agency – Energy (ARPA-E). According to the company, the $5M award will go towards the development of "transformational energy technology applications for fusion power reactors, power transmission cables, and electric aircraft." HTSI is led by CEO Ray Karam.