AssetCool, based in Leeds, has raised £10M in a Series A funding round aimed at improving power line capacity to reduce grid congestion. The company plans to expand globally and create 15 new jobs within the next 18 months. The funding round was led by Energy Impact Partners, along with other investors. AssetCool focuses on enhancing the performance of overhead lines, increasing capacity by up to 30% through advanced coatings applied using robotic technology, providing a cost-effective solution to aging infrastructure.
"As we work towards a more sustainable and resilient economy, it's vital we support businesses like AssetCool that are making the energy transition more efficient and cost-effective. Their success highlights the imperative role of regional investment in transformative solutions."
"AssetCool stands out in the market with its ability to deliver firm capacity upgrades faster and more cost-effectively than any alternative we've seen. We're excited to partner with the AssetCool team and support their global growth, leveraging our strategic utility network to help them scale."
Collection
[
|
...
]