Corinex, a provider of broadband over power lines (BPL)-based grid solutions, has raised $30 million in a funding round led by Energy Growth Momentum, with participation from Suma Capital and Adara Ventures. The investment should support the company’s efforts to standardize and deploy real-time grid flexibility and visibility solutions globally.
The funding should accelerate Corinex’s expansion in key European markets, including Germany, Spain, and the U.K., where grid operators are already adopting its technology. The company’s solutions help optimize grid capacity, integrate low-carbon technologies, and prevent transformer overloads.
Corinex claims that its BPL-based technology enables high-speed data transmission, edge computing, and dynamic load balancing, enhancing low-voltage grid infrastructure.
