10 Companies to Watch: Transmission Tech (Hardware & Software)
10 Notable Startups Tackling These Problems.
Why did Joe Biden hand FERC a tissue? Because of how congested the grid is. BA DUM TSSSSS…
Welcome back to 10 companies to watch 🚀
Recently, FERC made waves by approving a new rule that addresses the substantial congestion of energy projects on the grid. As it turns out, our conversation with Michael Kearney of Engine Ventures last week ended up touching on this problem of congestion.
Transmission Technology: #180 Tough Tech, Scaling DeepTech, MIT's Ecosystem, Political Durability of IRA, & More w/ Michael Kearney (Engine Ventures)
With FERC’s MASSIVE ruling and a little more spare time on your hands, we’ve put out 10 Companies to Watch on Transmission Tech.
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Transmission Tech
👉 TS Conductor | Last Raise Nov 2021, $25M | [USA]
The wires that carry our energy have not been innovated in about a hundred years. They’ve solved that with superconductive wires that reduce energy loss and don’t require linemen to have new training.
👉 VEIR | Last Raise May 2023, $24.9M | [USA]
Similar to TS Conductor, VEIR gives power lines 5-10x the capacity that traditional lines have.
👉 Rhythmos | Last Raise Sept 2022, $2.5M | [USA]
A past guest of the pod, Rhythmos.io is effectively an air traffic control system for managing when your EV charges based on the total load the grid is experiencing at any given moment. It saves consumers and utilities money so that’s nice!
👉 Atom Power | Last Raise April 2024, $100m | [USA]
Using silicon to deliver power instead of transformers. Super helpful because transformer production is more backed up than traffic to the Hamptons on Memorial Day Weekend.
👉 Gridware | Last Raise Jun 2023, $75M (Debt Financing) | [USA]
Putting sensors on powerlines to detect the location of issues much faster than driving a truck down hundreds of miles of power lines. It also cuts off power right away if a tree hits it, preventing wildfires and saving utilities millions of dollars. (past guest of the pod)
👉 GridSight | Last Raise Sep 2021, N/A | [Australia]
Helping utilities manage the energy created by residential and community solar programs because when you have a one way street that now has two way traffic, things can get messy without a traffic cop. (also a past guest of the pod)
👉 Laki Power | Last Raise Aug 2023, $3M | [Iceland]
Like putting a mini spy on your powerline to ensure you can keep an eye on what’s happening. IoT devices powered by the line that give grid operators insights.
👉 Grid Raven | Last Raise Oct 2023, N/A | [Estonia]
Generating digital twins for power lines. This allows you to predict when things are about to break, allowing operators to prevent costly outages and repairs.
👉 Pearl Street | Last Raise Nov 2023, N/A | [USA]
Using Alexander the Great’s method of cutting the Gordian knot to help utilities and energy project developers de-code the interconnection queue, saving a ton of time and getting projects online faster.
👉 BluWave-ai| Last Raise Dec 2022, $9.5M | [Canada]
Using AI to optimize grid operations so that renewables can play a bigger role. I feel like I need something like this but to help me get more exercise involved in my life.
Please note: this is NOT investment advice. Do your own research.
No one affiliated with CleanTechies has investments in any of these companies.
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But Wait, There’s More
In case you wanted some more, here are a few that we liked but didn’t make the list… mostly because we only have so many hours in a day to research 🤣
