JGC Holdings invests in UK startup IONATE Limited to incorporate smart transformer technology into global energy solutions, aiming to enhance efficiency and sustainability.

Target Company Overview

IONATE Limited is a London-based startup that specializes in the development and licensing of innovative Smart Transformers, known as Hybrid Intelligent Transformers (HIT). Established in 2019, IONATE offers advanced solutions that extend beyond conventional voltage conversion. Unlike traditional transformers, HIT employs a unique core arrangement and structural design, allowing for real-time control of various voltages, frequencies, and power factors without relying on external control devices. This innovation promises reduced power loss, lower operational costs, and space efficiency in power transmission systems.

IONATE's technology is expected to significantly benefit industries such as renewable energy generation, semiconductor manufacturing, and data centers where large-scale energy use and instant backup are critical. Their AI-enabled smart grid power monitoring management system further enhances their offerings, making them a significant player in the evolving energy landscape.

Industry Overview

The global transformer market is projected to expand from USD 45 billion in 2022 to USD 64.2 billion by 2030, driven by increasing investments in transmission and distribution infrastru