NO. Helium is smaller.
Sure, you can turn power on and off with a solid-state device. But for starters (and this was glossed over in the article), there are significant losses due to this, where a mechanical switch has almost no loss. Using such a device at every step in your power path would be grossly wasteful of energy.
Next, the claims that this switch can act faster than a mechanical breaker are disingenuous. The time limitations on a mechanical breaker are largely based on the fact that it is interrupting an ALTERNATING CURRENT circuit. The voltage crosses zero 60 (or 50) times each and every second. So, at best, on a magnetic trip, a mechanical breaker requires one cycle to trip (roughly 17 milliseconds). But thermal trips can (and SHOULD sometimes) take hours, because circuit breakers are protecting downstream wiring, which has a real-world duty cycle. i.e. UL already lists existing mechanical circuit breaker technologies, because where they are used, faster fault clearance is not required. In the situations where faster clearance and higher fault current interruption is needed, we still see fuses, and I highly doubt that this solid state device could replace a fuse.
Why not replace a fuse? Because interrupting an poor power factor load can lead to the near instantaneous liberation of enormous amounts of energy. The energy has to go somewhere, and the voltages created when interrupting a fault on an inductive load will spike to the point that any solid state device will suffer damage. So, now your IGBT will need zener diodes and MOVs protecting it (and those MOVs NEED fuses, and this all adds to the energy losses). And yes, you could try all this, but I still doubt you could beat the performance of a fuse, even in a package 20x the volume (if it is at all possible).
But wait, aren't there already circuit breakers with microcontrollers? YES! They still use mechanical contacts though, which slows down their action, but that's acceptable, because electronically controlled circuit breakers are actually chosen when you want to SLOW DOWN the breaker speed. Wait, what? Yep, slow it down. Breaker coordination is a tricky science, because the full current of a downstream fault will be seen at an upstream main breaker too, but suffice it to say that you do not want to trip the main when another breaker should clear the fault. So you may choose upstream breakers that hold off their "instantaneous" trip for five cycles or so (83ms).
So, what's the application for this? Well, my guess is they're trying to make a "static switch" without a mechanical contactor in parallel (which is just plain dumb IMNSHO), with the idea that it can be used to switch power sources from wind to solar to grid as an example, without interruption. But solar inverter grid-ties already do this (using the same solid state electronics), so again, I don't see any innovation in this article.
The Shuttle is now going five times the sound of speed. -- Dan Rather, first landing of Columbia