TS Conductor, a Huntington Beach, CA-based manufacturer of advanced electric power lines, closed a $60m growth funding round.
The round was led by Wellington Management, joined by Quanta Services, Gates Frontier, Energy & Environment Investment, Inc., Blue Earth Capital, and Edison International, and repeat investors National Grid Partners, Breakthrough Energy Ventures, and a subsidiary of NextEra Energy Resources.
The funds will be used to open a second US production facility, which is part of the company’s plan to increase production of its high-performance conductors in response to strong customer demand.
Led by Jason Huang, PhD, CEO, TS Conductor leverages Aluminum Encapsulated Carbon Core (AECC) technology suitable for both reconductoring and new build projects. The TS Conductor can be deployed to expand grid capacity and enhance reliability, with the option to leverage existing infrastructure.
The company’s existing ISO-certified facility in Southern California is operating at near-full capacity, and plans are under consideration to increase this facility’s output in the near term. The majority of this funding round, however, will support an expansion east of the Mississippi River.
Utilities across North America have already deployed TS technology, including Montana-Dakota Utilities Company (MDU), Arizona Public Service (APS), and Tennessee Valley Authority (TVA).
FinSMEs
01/07/2024