The University of Colorado (CU) has signed a license agreement with spinout Advance Conductor Technologies (ACT) for technology being used to develop high-temperature superconducting (HTS) cables that provide flexible, high-current density power transmission for electrical networks.
Initially developed by physicist and ACT founder Danko van der Laan at CU-Boulder and the National Institute of Standards and Technology, the novel cables are thinner and more flexible than current HTS cables, and are able to carry the same, if not greater, electrical current. They have immediate applications in electrical grids and scientific and medical equipment, with the potential for use in military technology and data centers.
ACT has received a Phase II Small Business Technology Transfer (STTR) grant for $1 million from the US Department of Energy to develop the cables for use in powerful magnets that can help generate nuclear fusion power. Earlier this year, the company earned a Phase II Small Business Innovation Research (SBIR) grant from the U.S. Navy to develop the cables for power transmission aboard ships.
“We’re optimistic that more orders will follow,” says van der Laan, “enabling us to scale up on our cabling facility.”
Ted Weverka at CU’s Technology Transfer Office comments, “In collaboration with ACT, the university has filed for extensive international patent coverage of this valuable technology. We are proud to be working with ACT, and excited to see such an aggressive startup spin out of the university.”