Mountain View, California, February 25, 2011 – The venture capital unit of Internet giant Google has invested in an energy conversion technology that could save power in everything from consumer electronics to hybrid cars.
Google Ventures, Kleiner Perkins and other venture capitalists announced a $20 million round of funding for Transphorm, which cuts energy losses that result from converting alternating current to direct current.
The technology, which cuts conversion losses by up to 90 percent, would essentially save all the energy needed to power the West Coast if the entire U.S. adopted it, executives said.
Transphorm will begin rolling out products later this year, targeting computer data markets, they said. The company and investors did not detail the breakdown of investment by each venture capitalist.