Silicon Carbide start-up company gets £1m funding to further develop low-cost SiC power devices
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The benefit of SiC power switches is their increased efficiency, which results in substantially reduced carbon emissions and running costs. The superior operating efficiencies of SiC-based devices, versus those based on conventional silicon, have long made it a material of promise to the industry. However, the high cost of producing SiC devices has discouraged their widespread adoption, particularly in cost-competitive consumer applications. Use of SiC devices has been largely restricted to niche markets where system benefits justify the cost premium.
Anvil Semiconductors, led by one of its founders Dr Peter Ward, has developed some unique technology for the production of epitaxial 3C-SiC layers on silicon substrates that promises a step reduction in the cost of manufacturing power switches in this material, aiming to open up high volume SiC device markets. Anvil’s objective is to enable production of SiC materials and devices at costs close to those for conventional silicon.
The funding round was led by the Low Carbon Innovation Fund (LCIF), a venture capital fund managed by specialist energy and environment merchant bank, Turquoise International, and included Ntensive angel investor group, Cambridge Capital Group, several individual angel investors as well as existing investors Midven and Minerva Business Angels.
LCIF is a venture capital fund which is managed by Turquoise International on behalf of the Low Carbon Group at the University of East Anglia and supported by the European Regional Development Fund (ERDF). It has more than £20m of ERDF funding that will be combined with some £30m of private sector capital to generate more than £50k of low carbon investments.
Visit Anvil Semiconductors at www.anvil-semi.co.uk
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