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Developing of an evaporative cryogenic cooling system for High-Temperature Superconductors in electricity transmission

Founded in 2019
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Company type Private Public ()
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Industry Group energy & power

Sector energy networks

TRL Range 7-8
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 Boston, MA Boston, United States
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Updated by at on 01/15/2025

Edited by Cleantech Group on 02/04/2025

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IPO INFORMATION

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Date Investors Type Amount
01/28/2025 Munich Re Ventures Munich Re Ventures , Microsoft Climate Innovation Fund Microsoft Climate Innovation Fund , Tyche Partners Tyche Partners , Piva Capital Piva Capital , National Grid Partners (NGP) National Grid Partners (NGP) , Dara Capital Dara Capital , SiteGround Capital SiteGround Capital , Breakthrough Energy Ventures Breakthrough Energy Ventures , Congruent Ventures Congruent Ventures , Engine Ventures Engine Ventures , Fine Structure Ventures Fine Structure Ventures , Galvanize Climate Solutions Galvanize Climate Solutions , VXI Capital VXI Capital (13)
Post-money valuation of
Funding will support high temperature superconducting solutions for growth in markets such as data centers, utilities and renewable energy develops to support transmission capacity improvements 10x that of traditional cables.
Series B $75,000,000
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