Corinex Secures $30M Funding to Scale Grid Flexibility Tech

Corinex Secures $30M Funding to Scale Grid Flexibility Tech

VANCOUVER, BC, April 9, 2025 /PRNewswire/ -- Corinex, a global leader in broadband over power lines (BPL)-based grid visibility and flexibility solutions, today announces a $30 million investment round led by U.K.-based Energy Growth Momentum, along with Spanish investment firms Suma Capital, an independent alternative asset manager and a leader in ecological transition, and Adara Ventures. This funding will fuel Corinex's expansion in standardi…

This round of financing will be used to expand the global deployment of Corinex's grid resilience and visibility solutions based on broadband power line communications (BPL) to accelerate the digital transformation of the power grid. VANCOUVER, British Columbia, April 9, 2025 /PRNewswire/ — Corinex, a leading global provider of Broadband over Power Line (BPL) grid visibility and resiliency solutions, today announced the closing of a $30 million …

Corinex Announces $30 Million Investment Led by Energy Growth Momentum, Suma Capital and Adara Ventures to Scale the Deployment of its Grid Flexibility Solutions

Funding to scale the global deployment of Corinex's broadband over power lines (BPL) grid flexibility and visibility solutions for transformative grid digitalization.

$30 Million funding to scale the deployment of Corinex’s broadband over power lines grid flexibility solutions

Corinex, a broadband over power lines (BPL)-based grid visibility and flexibility solutions provider, today announces a $30 million investment round led by UK-based Energy Growth Momentum, along with Spanish investment firms Suma Capital and Adara Ventures. This funding will fuel Corinex’s expansion in standardizing and delivering real-time grid flexibility and visibility solutions. The investment will support Corinex’s ongoing deployments in ma…

Corinex just secured a fresh $30 million in funding

Corinex grabs $30M to supercharge real-time grid tech and power a low-carbon future, and they’re not wasting a minute to make it happen. The Vancouver-based company, known for turning power lines into smart digital highways, pulled in the investment to speed up its rollout of real-time grid flexibility solutions across Europe.The round was led by U.K. private equity firm Energy Growth Momentum, with Suma Capital and Adara Ventures also joining i…

Corinex, a global leader in broadband-based visibility and network flexibility solutions on power lines (BPL), announces a $30 million investment round led by Energy Growth Momentum, based in the UK, along with Spanish investment firms Suma Capital, an independent alternative asset manager and leader in ecological transition, and Adara Ventures. This funding will boost Corinex’s expansion in real-time standardisation and provision of network fle…