Rhombus Energy Solutions to Leverage Wolfspeed’s Silicon Carbide Devices for Faster EV Charging Infrastructure
May 09 2022 - 8:00AM
Business Wire
Bi-directional charging enables power flow
between the power grid and the car, allowing for integration with
power storage and non-grid renewable power resources
Rhombus Energy Solutions, a leader in electric vehicle (EV)
charging and power conversion technology, today announced that
Wolfspeed, Inc., (NYSE: WOLF), the global leader in Silicon Carbide
technology, will supply its EV2flex™ line of charging
infrastructure products with Silicon Carbide MOSFETs, which will
offer the products greater efficiency, higher power density and
faster charging times.
Rhombus’ EV2flex™ infrastructure includes a family of products
that enables fast, bi-directional charging and efficient energy
storage. Vehicle-to-grid (V2G) charging supports power flow between
the grid and the car, allowing a charged vehicle to become a power
source when needed and ultimately enhancing the stability of the
power grid.
“Wolfspeed has unequivocally demonstrated the high value of
their Silicon Carbide MOSFETs and we are pleased to partner on
advanced technology products,” said Deanne Davidson, senior vice
president and general manager of Rhombus Energy Solutions. “As
Rhombus continues to be the leading provider for V2G charging
systems, Wolfspeed’s Silicon Carbide MOSFETs are a critical
component for Rhombus to meet the demands in the growing DC
fast-charging market for EVs.”
“Wolfspeed is excited to work with Rhombus, as we believe
bi-directional charging is a game-changing technology for the
stability of the power grid and our Silicon Carbide solutions will
help accelerate that transformation,” said Jay Cameron, senior vice
president and general manager of Wolfspeed Power. “Silicon Carbide
increases both power system efficiency and power density to create
a faster, more reliable transfer of power. Wolfspeed is leading the
industry-wide transition from silicon to Silicon Carbide, which is
critical as we look for more efficient and innovative ways to
support the power grid, such as bi-directional EV charging.”
Wolfspeed is the preferred Silicon Carbide provider for Rhombus
due to its unmatched, 30+ year history and expertise working with
Silicon Carbide power devices. Wolfspeed’s 1200V Silicon Carbide
MOSFETs will power Rhombus’ EV2flex-120™ charging infrastructure.
Wolfspeed’s third generation MOSFETs deliver the performance and
reliability required to meet a wide variety of industrial, energy
and automotive applications.
Rhombus’ latest product in the EV2flex™ portfolio; the
EV2flex-120™ dual channel will be on display at the 2022 Advanced
Clean Transportation (ACT) Expo in Long Beach, CA.
About Rhombus Energy
Solutions
Rhombus develops and manufactures bi-directional electric
vehicle charging systems including the EV2flex™ line of charging
infrastructure, high-efficiency power conversion systems and energy
management system (EMS) software for vehicle-to-grid (V2G) capable
electric vehicle fleet charging, energy storage and microgrid
applications. The high reliability of our solutions is the result
of decades of experience developing high-power systems for a
variety of applications and deployment scenarios, including
UL-1741-SA system-to-grid solutions. For more information, please
visit www.RhombusEnergy.com.
EV2flex™ and EV2flex-120™ are trademarks of Rhombus Energy
Solutions.
About Wolfspeed:
Wolfspeed (NYSE: WOLF) leads the
market in the worldwide adoption of Silicon Carbide and GaN
technologies. We provide industry-leading solutions for efficient
energy consumption and a sustainable future. Wolfspeed’s product
families include Silicon Carbide materials, power-switching devices
and RF devices targeted for various applications such as electric
vehicles, fast charging, 5G, renewable energy and storage, and
aerospace and defense. We unleash the power of possibilities
through hard work, collaboration and a passion for innovation.
Learn more at www.wolfspeed.com.
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
Forward Looking Statements:
This press release contains forward-looking statements by
Wolfspeed involving risks and uncertainties, both known and
unknown, that may cause Wolfspeed’s actual results to differ
materially from those indicated. Actual results may differ
materially due to a number of factors, including the risk we may be
unable to manufacture these new products with sufficiently low cost
to offer them at competitive prices or with acceptable margins; the
risk we may encounter delays or other difficulties in ramping up
production of our new products; customer acceptance of our new
products; the rapid development of new technology and competing
products that may impair demand or render Wolfspeed’s products
obsolete; and other factors discussed in Wolfspeed’s filings with
the Securities and Exchange Commission, including its report on
Form 10-K for the year ended June 27, 2021, and subsequent filings.
For additional product and company information, please refer to
www.wolfspeed.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220509005259/en/
Wolfspeed Media Relations
Contact: Melinda Walker Director, Corporate
Communications 818-261-4585 Media@wolfspeed.com
Wolfspeed Investor Relations
Contact: Tyler Gronbach VP, Investor Relations
919-407-4820 investorrelations@wolfspeed.com
Rhombus Press/Media/Analyst
Contact: Carolyn Paynton Director, Strategy &
Corporate Development Carolyn@RhombusEnergy.com +1 888-978-6564
Wolfspeed (NYSE:WOLF)
Historical Stock Chart
From Aug 2024 to Sep 2024
Wolfspeed (NYSE:WOLF)
Historical Stock Chart
From Sep 2023 to Sep 2024