Friday, February 25, 2011

Google Ventures, Kleiner Perkins lead funding for energy company Transphorm

Hybrid and electric cars that are lighter and have longer range. Laptops without a converter "brick" that plugs into the wall outlet. Solar panels that lose much less energy when they link to the electrical power grid. Those are some of the products that Transphorm, a Southern California startup that officially "emerged from stealth" Wednesday, hopes to create with its new power conversion technology. "There is theoretically room for improvement and hopefully this will help us get there, but can I say that it will? No," said Steve Greenberg, an energy management engineer at the Lawrence Berkeley National Laboratory. "I'm always skeptical of announcements that are touting the greatest thing since sliced bread. It's like, let's see the numbers." More>