Smart Wires
Develops and implements innovative technologies that advance the delivery of electricity around the world.
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* | $65.0m | Growth Equity VC | |
| Total Funding | 000k | ||
SmartWires is a leading provider of grid-enhancing technology and services, operating in the energy sector. The company's primary focus is on reimagining the power grid to meet the demands of a net-zero carbon future. This involves transitioning to a digital grid that can deliver renewable energy and support wide-scale electrification.
SmartWires serves a global clientele, primarily consisting of utility companies. These clients are facing critical challenges in managing their power grids, and SmartWires provides solutions to unlock extra capacity and improve grid performance.
The company's business model revolves around its portfolio of innovative technologies and services. This includes power modeling, analytics, dynamic ratings, and digital power flow control. These technologies are modular and can be integrated with existing grid investments, providing clients with greater flexibility and return on investment.
SmartWires generates revenue by selling these technologies and services to utility companies. The solutions provided by SmartWires not only enhance the capacity and efficiency of power grids but also help in the transition towards renewable energy sources. This positions the company well in a market that is increasingly focused on sustainability and clean energy.
Keywords: Grid-enhancing technology, Digital grid, Renewable energy, Utility companies, Power modeling, Analytics, Dynamic ratings, Digital power flow control, Net-zero carbon future, Sustainability.