Braemar Energy Ventures invests in Powervation

As part of the deal, Braemar principal Jiong Ma PhD will assume a seat on Powervation’s board of directors.

Braemar’s investment coincides with accelerating design wins for Powervation’s first digital power-conversion. The chip is used in complex electronic systems that form the backbone of computing, networking and storage applications.

When compared to traditional power-conversion technologies, the PV3002 delivers system energy savings of up to 30 per cent, according to a statement by the company.

Powervation’s CEO Antoin Russell said, “Despite the weakness in capital markets, technology opportunities in the energy sector continue to hold appeal. The addition of Braemar Energy Ventures, a tier-one energy technology venture fund to our syndicate, represents a major endorsement of our technology positioning and customer traction.”

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