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NC State University once again took center stage nationally as President Barack Obama visited campus today to announce that our university will lead the new Next Generation Power Electronics Innovation Institute. This $140 million initiative includes a $70 million grant from the Department of Energy — the largest single grant in NC State‘s history.
NC State was selected due to the university‘s reputation as the preeminent leader in wide bandgap semi-conductor technology (WBG), which is critical to the future of global energy use and conservation. The institute will be housed at NC State and include two-dozen academic, government and industry partners who contributed to match DOE‘s grant. The State of North Carolina also added $10 million to complete the total funding.
There are few global challenges greater than the search for less costly, more efficient energy solutions, and the new energy institute will greatly advance NC State‘s efforts to quickly bring new technologies to the marketplace and people who need them.
NC State couldn‘t be more proud to have been selected to lead this vital effort, which truly embodies everything that our university stands for — from our Think and Do mentality, to our collaborative spirit and unending commitment to solve the grand challenges of society.
We invite you to visit our website at www.ncsu.edu to learn more about this historic presidential announcement to NC State and the many ways our students, faculty, staff and alumni are working each day to create economic, societal and intellectual prosperity.