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Wolfspeed and the Biophysical Economics Institute Announce Pioneering Study That Demonstrates the Superiority of Silicon Carbide for Energy Efficiency

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Wolfspeed, Inc. (NYSE: WOLF) and the Biophysical Economics Institute (BPEI) announced a study confirming the advantages of Silicon Carbide over traditional silicon in electric vehicles. Silicon Carbide in powertrains can yield a 13:1 energy savings relative to the energy invested in production. The findings highlight substantial lifetime energy savings, particularly for electric vehicle (EV) fleets, and suggest enhanced environmental sustainability. The analysis positions Silicon Carbide as a key technology for future energy-efficient applications.

Positive
  • Silicon Carbide technology offers a 13:1 energy savings compared to traditional silicon devices.
  • Significant lifetime energy savings for electric vehicles using Silicon Carbide MOSFETs.
  • The ESOI for 800V Silicon Carbide implementation is 13:1, indicating high energy efficiency.
  • Greater ESOI gains for fleet vehicles, enhancing operational cost efficiency.
  • Wolfspeed's New York operations leverage clean hydroelectric power, boosting ESOI potential.
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  • None.

DURHAM, N.C. & MALDEN, Mass.--(BUSINESS WIRE)-- Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, and the Biophysical Economics Institute (BPEI), a non-profit organization dedicated to bringing the natural sciences into economic analysis and decision making, today announced the completion of a pioneering study that demonstrates the superior performance of Silicon Carbide vs. traditional silicon semiconductor devices in electric cars. When Silicon Carbide is used in the powertrain of an electric vehicle, it delivers a 13:1 energy savings vs. the incremental energy invested, as compared to traditional silicon chips. This significant energy conservation allows for longer range, lighter weight and faster charging – all of which foster lower long-term energy usage and enhanced environmental sustainability.

The study, led by BPEI partner Hedgerow Analysis, LLC, uses BPEI’s proprietary Energy Saved on Energy Invested (ESOI) metric, which allows for an apples-to-apples comparison of energy efficiency across applications and industries, taking into account the long lifespan of many advanced technologies. This analysis quantifies the energy saved over an equipment’s life cycle vs. the incremental energy used in its production – with Silicon Carbide as an illustrative use case. ESOI, a concept based in the natural sciences, offers corporations, industry organizations and non-profit groups an objective standard, based on measurable energy and material flows, for evaluating the energy efficiency of any technology.

“These methods represent a reliable, rigorous metric to quantify environmental, social and governance benefits,” said Dr. Charlie Hall, BPEI board member and co-chair, advisory board. “ESOI-anchored decision making allows us to maximize the potential of our precious natural resources, paving the way for a more effective energy transition.”

Key findings of the study include:

  • Replacing silicon insulated-gate bipolar transistors (IGBTs) with Silicon Carbide metal-oxide semiconductor field effect transistors (MOSFETs) produces substantial energy savings for electric vehicles.
  • The lifetime energy savings from employing Silicon Carbide MOSFETs are many times the incremental energy required to produce these devices.
  • The ESOI for 400V vehicles is approximately 7:1 vs. a typical EV sedan (400V Silicon Carbide MOSFET vs. 400V silicon IGBT).
  • The ESOI of an 800V Silicon Carbide implementation in an EV sedan is 13:1 (800V Silicon Carbide MOSFET vs. 400V silicon IGBT) – an 85% increase vs. the 400V Silicon Carbide MOSFET, due to reduced chip surface area and corresponding energy invested.
  • The ESOI gain is greater for fleet vehicles, such as taxis and delivery vans, with higher duty cycles.
  • This analysis underscores the potential for large fuel savings based on intelligent location of manufacturing hubs. Wolfspeed’s operations in upstate New York, which offers ample clean energy via hydroelectric power, has the potential to substantially increase the ESOI of this technology.

“We believe the next generation in power semiconductor technology will be driven by Silicon Carbide,” said John Palmour, chief technology officer at Wolfspeed. “These study results reinforce the superiority of Silicon Carbide and the direct impact a more energy-efficient technology has on the reduction of carbon emissions, which has a positive impact on the environment. As the world shifts to a more sustainable future, it will need efficient materials to power it.”

For more details on this study, please visit https://bpeinstitute.org/views.

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.

About Biophysical Economics Institute (BPEI):

The BioPhysical Economics Institute is a non-partisan, non-profit, multidisciplinary organization of scientists, economists, investment experts, corporate & project finance analysts and policy professionals, who are working together to bring the natural sciences into economic analysis and decision making. Specifically, BPEI aims to incorporate the analysis of energy efficiency into assessments of various strategies to reduce our reliance on fossil fuels, while supporting our natural habitats and human flourishing. Learn more at www.bpeinstitute.org.

Wolfspeed Contacts:

Media Relations

Joanne Latham

VP, Corporate Marketing

919-407-5750

joanne.latham@wolfspeed.com

Investor Relations

Tyler Gronbach

VP, Investor Relations

919-407-4820

investorrelations@wolfspeed.com

BPEI Contact:

Linda Guild

Administrative Director

781-420-6551

lguild@bpeinstitute.org

Source: Wolfspeed, Inc.

FAQ

What are the key findings of Wolfspeed's recent study on Silicon Carbide?

The study shows Silicon Carbide delivers a 13:1 energy savings in electric vehicles compared to traditional silicon technologies.

How does Silicon Carbide compare to traditional silicon in electric vehicles?

Silicon Carbide provides significantly greater energy efficiency, with substantial lifetime energy savings.

What is the ESOI metric used in the Wolfspeed study?

ESOI stands for Energy Saved on Energy Invested, measuring energy efficiency across technologies.

When was the study by Wolfspeed and BPEI announced?

The study was announced on October 25, 2021.

What impact does Silicon Carbide have on environmental sustainability?

Silicon Carbide technology contributes to lower carbon emissions and enhances environmental sustainability in energy applications.

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