Millennium Technology Prize 2024 awarded to professor Bantval Jayant Baliga for innovation with the world's largest negative carbon footprint

Professor Bantval Jayant Baliga has been awarded the prestigious €1 million Millennium Technology Prize for 2024 for his groundbreaking development of the Insulated Gate Bipolar Transistor (IGBT). This innovation has significantly reduced global energy consumption in electrical devices and helped cut fuel usage in transportation due to the electrification of vehicles. Baliga, who serves as a professor of energy at North Carolina State University in the U.S., developed the IGBT technology in the 1980s, revolutionizing energy efficiency worldwide.