invests in DG Matrix
London, March 12, 2025, (Oilandgaspress) ––ABB has acquired a minority stake in North Carolina company DG Matrix to support the commercialization of solid-state power electronics for generative AI data centers and renewable microgrids. The company’s Power Router platform replaces conventional systems with an all-in-one solution that is up to five times smaller and has best-in-class energy efficiency of 98 percent. Financial details of the investment were not disclosed.
As global electricity demand grows, legacy infrastructure must evolve to support the needs of AI data centers, smart industries, EV charging and the energy transition. The DG Matrix Power Router platform provides solutions that enhance energy performance while alleviating grid constraints and reducing energy costs. Integrating multiple AC and DC energy sources and loads simultaneously, the solution can replace 10-20 electrical devices with a single system that is more versatile, efficient, and cost-effective.
The partnership involves a minority investment in DG Matrix through ABB Electrification Ventures, the venture capital arm of ABB Electrification. With this latest partnership, ABB Electrification Ventures has invested around $80 million in 15 startups since 2021. ABB Electrification Ventures is part of the group-wide venture capital investment framework, ABB Ventures. Since its formation in 2009, ABB Ventures has invested around $450 million into startups that are aligned with its electrification, robotics, automation and motion portfolio.
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB).
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