VEIR is developing superconducting electric transmission lines that utilize a distributed, evaporative liquid nitrogen cooling system to achieve 5-10 times the transfer capacity of conventional lines. This technology increases grid capacity while minimizing siting and permitting challenges, addressing the urgent need for enhanced electricity transmission to support global decarbonization efforts.
Funding
$91.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
UDFounders
Product
Problem
The increasing demand for electricity and the transition to renewable energy sources require significant upgrades to existing power grids. Conventional transmission lines have limited capacity and can face siting and permitting challenges, hindering the expansion of grid infrastructure needed to support decarbonization efforts.
Solution
VEIR is developing superconducting electric transmission lines that offer a substantial increase in transfer capacity compared to conventional lines. Their technology utilizes a distributed, evaporative liquid nitrogen cooling system to achieve 5-10 times the capacity at a given voltage level. This increased capacity allows for greater power transfer within existing corridors and reduces the space required for new transmission infrastructure. The active cooling system ensures consistent power flow capacity, unaffected by ambient weather conditions, and minimizes resistive line losses.
Target Audience
The primary target audience includes utility companies, grid operators, and developers of renewable energy projects seeking to expand transmission capacity and improve grid resilience.
Features
- Superconducting cables with significantly higher current-carrying capacity
- Distributed, evaporative liquid nitrogen cooling system for stable operation
- Reduced resistive line losses compared to conventional conductors
- Increased power transfer capacity within existing rights-of-way
- Minimal sag and capacity variation due to active cooling
- Reduced siting and permitting requirements compared to new conventional lines