What does Corinex do?
Corinex specializes in broadband over power lines (BPL)-based grid visibility and flexibility solutions that enable the digital transformation of energy distribution systems. Their innovative products help accelerate the mass integration of low-carbon technologies and automate electricity infrastructure.
How much did they raise?
The company raised $30M in funding, with the round being led by Energy Growth Momentum, Suma Capital, and Adara Ventures.
What are their plans for the money?
Corinex intends to use the funds to accelerate its expansion in standardizing and delivering real-time grid flexibility and visibility solutions. This investment is expected to further drive the digital transformation of energy distribution systems and support the mass integration of low-carbon technologies.
What have they achieved so far?
Corinex has already made significant progress by pioneering BPL-based grid solutions that are integral to modernizing electricity infrastructures and integrating low-carbon technologies across energy distribution networks.
