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Smart Wires
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Short description

Developer of grid optimization solutions using patented modular power flow control technology grids

Founded in 2010
Founded in

Company type Private Public ()
Company type

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
TRL Range

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Headquarters Union City, CA Union City, United States
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Updated by Jenny Erwin at Smart Wires on 12/03/2020

Edited by Cleantech Group on 06/10/2021

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Partnerships
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Date Partner Type
08/05/2020
Amprion Amprion
Amprion has signed a cooperation agreement with the US Silicon Valley company, Smart Wires, for a pilot project. The aim is to increase the transmission capacity of the power grid while maintaining the high level of system stability.
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Confirmed by Amprion
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IPO INFORMATION

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Description

Date Investors Type Amount
12/21/2019 Lime Rock New Energy Lime Rock New Energy (1)
Post-money valuation of
Funding will be used to deploy its SmartValveā„¢ solutions globally in 2020.
Growth Equity $75,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

SmartValve

SmartValve is a single-phase, modular-SSSC that injects a leading or lagging voltage in quadrature with the line current. This means it can increase or decrease power flows on a circuit and perform dynamic services. Distinct from legacy SSSCs, SmartValve is transformerless and uses an integrated, fast-acting bypass for protection from system faults.

Wide Commercial Availability
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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