Corinex has secured $30 million in investment to expand its broadband powerline communications solutions and enhance the resilience of energy networks, spearheaded by Energy Growth Momentum alongside Suma Capital and Adara Ventures.

Target Information

Corinex is a global leader in broadband powerline communications (BPL) solutions, specializing in providing network visibility and flexibility. The company has recently announced a significant investment round of $30 million, led by Energy Growth Momentum, along with Spanish investment firms Suma Capital and Adara Ventures. This funding is aimed at accelerating the deployment of Corinex's BPL solutions, which are pivotal for transforming the digital landscape of energy networks.

The funds will facilitate the expansion of Corinex's offerings in real-time network visibility and flexibility solutions. By addressing the challenges faced by existing energy systems, the investment aims to enhance the resilience and security of power networks globally. This collaborative effort is designed to pave the way for the widespread adoption of decentralized low-carbon technologies (LCTs).

Industry Overview in Target's Country

In recent years, the energy industry in Europe has undergone significant transformations driven by a shift towards renewable energy sources. Countries like Germany, Spain, and the United Kingdom are at the forefront of implementing cutting-edge technologies