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BorgWarner Inc (NYSE: BWA) has received a .97 million award from the U.S. Department of Energy (DOE) for the development of a Scalable Ultra Power-dense Extended Range (SUPER) inverter.
The research and development project is one of 24 university and industry-led projects that collectively were awarded $60 million to reduce CO2 emissions from the transportation sector.
BorgWarner is leading the 39-month project and will work with Infineon Technologies Americas Corp, PolyCharge America Inc, the National Renewable Energy Laboratory, and Virginia Tech.
The project will develop an advanced inverter with the intent of enabling 800-volt electrified vehicles to meet the DOE solicitation target of 100kW per liter of power density.
Price Action: BWA shares are trading higher by 0.36% at $45.95 on the last check Thursday.
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