A new innovation from CorePower Magnetics Inc. is transforming how we manage electrical power. This technology provides a compact solution for modernizing the aging energy grid. The company recently secured U.S. Patent No. 12580121, titled ‘Inductor for low and medium voltage application’. This invention marks a major step forward in power electronics design.
Smaller Sizes and Better Performance
Traditional inductors are often bulky and heavy. This makes them difficult to install in tight spaces. This new design uses advanced nanocrystalline materials. These materials allow the device to handle high power levels without overheating. It shrinks the size of electrical components significantly. This allows engineers to build smaller and lighter power systems. The design also improves overall energy efficiency. This results in less heat and lower operating costs.
Impact on Renewable Energy
The invention supports the shift toward green energy. It improves power conversion in electric vehicles and solar farms. Engineers can now build more reliable charging stations. This breakthrough reduces energy waste during power transmission. It creates a more resilient electrical infrastructure for everyone. These improvements are essential for the future of electrification. The technology ensures that clean energy stays affordable and accessible.
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Are you developing new or improved products, or thinking of applying for a patent? Did you know your research work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? To find out more, please check out our free online eligibility test.
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Swanson Reed is one of the largest Specialist R&D Tax Credit advisory firm in the United States. With offices nationwide, we are one of the only firms globally to exclusively provide R&D Tax Credit consulting services to our clients. We have been exclusively providing R&D Tax Credit claim preparation and audit compliance solutions for over 30 years.
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What is the R&D Tax Credit?
The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.
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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.
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Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/
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