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Novinium
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Developer of a repairing technology that rejuvenates power cables to extend their useful life up to 40 years

Founded in 2003
Founded in

Company type Acquired Public ()
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Industry Group energy & power

Sector energy networks

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Kent, WA Kent, United States
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Updated by Cleantech Group on 06/10/2021

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Date Investors Type Amount
03/24/2015 SJF Ventures SJF Ventures (1)
Post-money valuation of
Use of proceeds was for the acquisition of UtilX from Willbros Group. UtilX offers the proprietary, patented CableCURE injection service and other reliability and testing services.
 Growth Equity $20,000,000
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