Corinex Announces $30 Million Investment to Scale Grid Flexibility Solutions
- Editor
- 7 days ago
- 1 min read
Whats Happening:
Corinex, a provider of broadband over power lines (BPL) grid solutions, has secured a $30 million investment led by Energy Growth Momentum, with participation from Suma Capital and Adara Ventures. The funding will support Corinex's expansion of its grid flexibility and visibility solutions, enabling the mass adoption of decentralized low-carbon technologies.
Key Moves:
Corinex secures $30 million investment from Energy Growth Momentum, Suma Capital, and Adara Ventures
Funding to support expansion of grid flexibility and visibility solutions in major European markets
Investment aims to enable mass adoption of decentralized low-carbon technologies
By The Numbers:
Suma Capital manages over 1.2 billion euros in assets
Adara Ventures manages over €350 million in assets
Corinex solutions deployed in Germany, Spain, and the UK
Key Quotes:
"Corinex's BPL-based technology offers a transformational approach to grid enhancement enabling the instant increase of the grid capacity at low cost." - Peter Sobotka, Founder & CEO of Corinex
"Our investment reflects our belief that Corinex is uniquely positioned to build the stable, flexible grids the future demands." - John Wilson, Partner at Energy Growth Momentum
"Supporting Corinex's vision and international expansion not only advances our mission as a sustainable and impact-driven fund but also reaffirms our commitment to tackling the core challenges of this transition." - Natalia Ruiz, Senior Partner at Suma Capital
Bottom Line:
Corinex's $30 million investment marks a significant step in scaling grid digitalization solutions. The funding will enable the company to expand its presence in major European markets and accelerate the adoption of low-carbon technologies, potentially transforming energy distribution systems worldwide.
留言