LineVision lands $12.5M to enlighten the transmission grid

LineVision lands $12.5M to enlighten the transmission grid

Rising renewables will require more transmission capacity. Dynamic line rating technology can help find it on the grids we already have.

Jeff St. John
Jeff St. John

5 min read

LineVision lands $12.5M to enlighten the transmission grid
Greening power grids doesn’t just entail massive growth in wind, solar and other renewable energy sources. It also requires a massive expansion of transmission grid capacity to carry power to where it’s needed — and as report after report attests, the U.S. and Europe are falling behind in the race to build that capacity.But while governments and grid operators struggle to overcome the economic and regulatory barriers to building new transmission, “grid-enhancing technologies” could offer some relief by discovering and utilizing the spare capacity on the power lines we’ve already built.That’s the role the company LineVision sees its dynamic line rating technology playing in the energy transition. On Wednesday, the Boston-based startup landed $12.5 million from investors, including the venture arm of one apparently satisfied customer: National Grid, an energy giant in the U.S. and the U.K.National Grid Partners joined lead investor UP Partners, Zoma Capital and previous investor Clean Energy Ventures in the round, which adds to the $2 million LineVision raised after its spinout from parent company Genscape in 2018.That’s a “big step up” for the 30-employee startup, according to CEO Hudson Gilmer, and it will help LineVision to expand its engineering team and data analytics capabilities and to seek new markets beyond its current European and U.S. stomping grounds.