Corinex has secured a $30 million investment led by Energy Growth Momentum to expand its broadband over power lines solutions, enhancing grid visibility and flexibility across Europe.

Target Information

Corinex is a global leader in broadband over power lines (BPL) solutions that enhance network visibility and flexibility. The company has recently announced a funding round of $30 million led by UK-based Energy Growth Momentum, along with Spanish investment firms Suma Capital and Adara Ventures. This investment aims to drive Corinex's expansion in standardizing and supplying real-time network flexibility and visibility solutions, addressing network limitations while improving resilience and security in energy systems worldwide. This collaboration paves the way for the mass adoption of decentralized low-carbon technologies (LCT).

The funding will support Corinex's ongoing deployments in major European electricity markets, including Germany, Spain, and the UK, where leading grid operators have formulated and, in some countries, already standardized new use cases for low-voltage networks necessary for large-scale decarbonization. As a key collaborator in sector standardization partnerships, Corinex offers validated BPL solutions based on industry standards for implementation. The high data speeds, edge computing capabilities, and real-time dynamic load balancing provided by Corinex's technology are essential for enhancing the capacity of low-voltage energy infrastructure globally.

Industry Overview

The energy sector in Europe is experiencing a significant transformation, driven by the urgent need for cleaner and more efficient energy solutions. The increasing pressure to reduce carbon emissions has led to the widespread adoption of renewable energy sources, necessitat