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Durham, US-based grid technology company that increases the capacity and efficiency of electric utility networks.
Smart Wires Inc. develops grid-enhancing technologies, including the SmartValve Advanced Power Flow Control solution and SUMO Dynamic Line Rating, for electric utilities in North America, Europe and Latin America. Founded in 2010 and headquartered in Durham, US, it has engaged in 10 funding rounds. Its latest round raised USD 65.00 mn from investors including BP Energy Partners and Keystone Group, L.P. The company reports unlocking nearly 4 gigawatts of additional capacity. Recorded at Late stage.
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