7/18/2014 12:38:08 PM

The Business Review: Here's the roster of big companies in New York's new $500 million power electronics manufacturing consortium

The Business Review

Alain Kaloyeros is CEO of the College of Nanoscale Science and Engineering in Albany. The nanocollege will house a new $500 million New York Power Electronics Manufacturing Consortium.

General Electric isn't the only major player signing on to the $500 million New York Power Electronics Manufacturing Consortium that was announced this week.

A list of public and private partners the Albany nanocollege released to the Albany Business Review includes General Motors, Toshiba America and Texas Instruments.

Partners range from trade associations to material suppliers, equipment and component manufacturers to device designers. (For a list of the partners see the table below.) The College of Nanoscale Science and Engineering in Albany, New York, where the consortium will be housed, declined to say how much each partner will contribution.

"We'll all now innovate together because the technology is so complicated and challenging because of the cost," said Alain Kaloyeros, CEO of the nanocollege.

The goal in Albany is to develop silicon carbide computer chips as an alternative to the current industry standard, silicon chips. Officials behind the initiative say silicon carbide chips will be more efficient, lighter and require less cooling than silicon chips.

The new technology would be used in industries such as healthcare, transportation and energy, in everything from cars and airplanes to dishwashers to wind turbines.

GE is leading the consortium and is expected to invest more than $100 million. The companies will be housed at nanocollege's NanoFab South building in Albany, Kaloyeros said. Lockheed Martin also was announced to be part of the consortium, however a company spokesman said they were not involved. Kaloyeros said it was the west coast offices involved for national defense purposes so they might be hesitant to confirm.

Read More