MetOx Names Keyvan Esfarjani Executive Chairman to Advance Next-Generation Superconducting Power Infrastructure

When Keyvan Esfarjani retired from Intel in mid-2024 after 28 years, he left as the company's Executive Vice President and Chief Global Operations Officer — responsible for running one of the most complex manufacturing systems on the planet. Seven months after joining the board of MetOx Technologies, he's now its Executive Chairman. That timeline says something about what's happening inside MetOx that the press release doesn't.

MetOx Technologies, a Houston-based high-temperature superconductor (HTS) wire manufacturer, is at the exact inflection point where the credential that matters isn't a PhD in materials science — the company has those — but a track record of taking technically demanding manufacturing from prototype yield to production volume. That's Intel muscle, and it's what MetOx is building toward with Project Arch: a $193.7 million facility in Chatham County, North Carolina, projected to produce 10,000 kilometers of HTS wire per year. Five times the output of the current Houston plant, which is ramping toward 2,000 km/year.

HTS wire — MetOx makes an yttrium barium copper oxide (YBCO)-based variety called Xeus — can carry orders of magnitude more current than copper when cooled with liquid nitrogen, with near-zero resistive losses. Superconducting cables can increase a power line's capacity five to ten times while dissipating essentially no energy as heat. The physics has been understood since the late 1980s. The problem has always been making the stuff reliably enough to deploy at scale.

YBCO is a ceramic. Ceramics crack. Depositing a thin, defect-free ceramic film on a flexible metallic substrate for hundreds of meters at consistent current-carrying capacity is technically brutal — it requires precise control over deposition temperature, substrate roughness, and oxygen stoichiometry across a continuous reel-to-reel process. Yield matters in a way it doesn't for laboratory demonstrations. This is why HTS wire has been perpetually described as ready for industrial deployment since roughly 1995. American Superconductor (AMSC), which has been selling commercial HTS wire for over two decades, is still nowhere near the volumes the fusion industry alone will require in the coming years.

That demand is now quantifiable and urgent. Commonwealth Fusion Systems' SPARC reactor will require 10,000 kilometers of HTS tape — roughly MetOx's entire projected annual output from the North Carolina facility, for a single customer's first commercial-scale magnet system. The broader fusion industry includes multiple programs on similar timelines. Grid infrastructure, next-generation MRI magnets, and particle accelerators are all waiting behind them. The demand case is real. The supply side is the problem.

The supply chain problem runs deeper than manufacturing capacity. The yttrium that goes into YBCO wire is sourced almost entirely from China — 93 percent of U.S. consumption, according to USGS Mineral Commodity Summaries 2025. That was already a policy concern before the current trade environment began deteriorating. And until the war in Ukraine made the relationship untenable, a significant HTS wire supplier to the global fusion sector was SuperOx, a Russian company. The materials pipeline for the technology underpinning the U.S. fusion program ran through Beijing and Moscow simultaneously. Project Arch is, among other things, an attempt to fix that before it becomes a crisis rather than after.

The U.S. Department of Energy has noticed. In October 2024, MetOx was selected to negotiate up to $80 million in DOE funding to build the North Carolina facility, framed explicitly around reducing import dependence and establishing domestic manufacturing capacity. The full project cost is $193.7 million, with the remainder from private sources including a $25 million Series B extension in September 2024. The NC site is expected to bring 333 jobs to Chatham County and generate a projected $987.8 million in regional economic impact over 12 years.

Esfarjani's escalation from board member to Executive Chairman seven months after joining the board in August 2025 suggests the North Carolina buildout is surfacing the kind of operational pressure that benefits from someone who's actually done this before. At Intel, he oversaw manufacturing across multiple logic process generations, managing ramp yield on processes that required near-atomic precision across factories on three continents. The material is different and the process is different, but the core problem is structurally identical: how do you make something technically demanding at the volume and consistency the market requires, on a schedule that matters?

The honest answer, given 30 years of HTS near-misses, is that nobody has yet. MetOx is making a more serious attempt than most — with real capital, government backing, a built-out research program, and now an operations executive who has actually run a global manufacturing machine. Whether Project Arch delivers 10,000 km/year of wire on the schedule the fusion industry needs is a separate question from whether the leadership transition was the right move. It was. Whether it's enough is what the next 18 months will tell.