An amorphous metal transformer (AMT) is a type of energy efficient transformer found on electric grids. The magnetic core of this transformer is made with a ferromagnetic amorphous metal. The typical material (Metglas) is an alloy of iron with boron, silicon, and phosphorus in the form of thin (e.g. 25 μm) foils rapidly cooled from melt. These materials have high magnetic susceptibility, very low coercivity and high electrical resistance. The high resistance and thin foils lead to low losses by eddy currents when subjected to alternating magnetic fields. On the downside amorphous alloys have a lower saturation induction and often a higher magnetostriction compared to conventional crystalline iron-silicon electrical steel. In a transformer the no load loss is dominated by the core loss. With an amorphous core, this can be 70–80% lower than with traditional crystalline material.. The main application of AMTs are the grid distribution transformers rated at about 50–1000 kVA. These transformers typically run 24 hours a day and at a low load factor (average load divided by nominal load). The no load loss of these transformers makes up a significant part of the loss of the whole distribution net. Amorphous iron is also used in specialized electric motors that operate at high frequencies of perhaps 350 Hz or more.