Firm began in labs of New York University, through support by the New York State Energy Research and Development Authority (NYSERDA) and PowerBridgeNY, a consortium of university-based Proof of Concept Centers. Their product, a HIGH Efficiency Shielded Toroidal (HIGHEST) Transformer, is made of a continuous steel strip wound into a doughnut shape and wrapped entirely in coils that do not require oiling. An electrostatic shield, gapless construction, and core made of amorphous iron allow the transformer to significantly reduce energy loss â and thus cost