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 major European electricity markets, including Germany, Spain, and the UK, where grid operators have formulated —and, in some countries, already standardised — new use cases for the low-voltage grid necessary for mass decarbonisation. As a key contributor to industry-standardisation associations, Corinex provides standards-based BPL solutions that have been validated for implementation. The high data rate, edge computing capabilities and real time (dynamic) load balancing provided by technology such as Corinex’s are needed to increase the capacity of low-voltage energy infrastructure worldwide.
A shared vision for smarter, more resilient grids
Peter Sobotka, Founder & CEO of Corinex, emphasised the strategic importance of this investment, “The world’s energy grids are at a critical juncture, requiring scalable, real-time solutions to accommodate the rapid electrification of transportation, heating, and decentralised renewables. Corinex’s BPL-based technology offers a transformational approach to grid enhancement enabling the instant increase of the grid capacity at low cost.
The Corinex solution was developed, validated, and is now in mass rollouts within real grid environments of the most advanced European utilities. It collects and processes real-time data on the low-voltage part of the grid. Our technology increases grid resiliency by providing real-time control of low-carbon technologies.
The ability to securely collect and manage pools of low-voltage grid data is positioning Corinex to collaboratively enable some of the many providers of AI technology. Such a combined solution will push grid digitalisation to the next frontier.
Corinex’s growth, profitability, and this investment by Energy Growth Momentum, Suma Capital, and Adara Ventures provide confidence in scaling and mass adoption of Corinex’s intelligent infrastructure solutions.”
Investor Perspectives
John Wilson, Partner at Energy Growth Momentum, underscored the growing demand for grid modernisation, “Corinex’s technology turns a traditional infrastructure challenge into a smart, software-driven solution – enabling utilities to dynamically manage grid congestion and maintain stability, all without costly infrastructure overhauls. Our investment reflects our belief that Corinex is uniquely positioned to build the stable, flexible grids the future demands – a vision that aligns with our focus on supporting high-growth companies driving the energy transition.”
Natalia Ruiz, Senior Partner at Suma Capital, said, “The demand for advanced grid intelligence solutions is more critical than ever. These are the backbone of a resilient and sustainable power system. Corinex’s ability to deliver comprehensive, real-time control and end-to-end visibility over distribution networks is pivotal in enabling progress toward a low carbon economy. Supporting Corinex’s vision and international expansion not only advances our mission as a sustainable and impact-driven fund but also reaffirms our commitment to tackling the core challenges of this transition.”
