VEIR

“The energy transition is here. We just gotta plug it in.” Kevin Dunn sat down with New Scientist discussing VEIR’s technology and the importance of high-temperature superconducting cables in transforming the grid. Check out the article: https://lnkd.in/e2JNR368?

We are thrilled to be named on Norrsken’s Impact 100 list this year, highlighting the most promising impact startups. Thank you to Norrsken for including us and featuring VEIR on Nasdaq’s billboard in Times Square! https://lnkd.in/dS6RnpDB

Great article in Bloomberg emphasizing the urgency to modernize power grids in the US and Europe. Generation Investment Management released their annual Sustainability Trends Report, highlighting why upgrading our antiquated grid infrastructure is crucial for accelerating the energy transition. With renewable energy becoming cheaper and more abundant, the bottleneck is outdated transmission systems, slowing down new power generation projects. To meet net-zero carbon goals by 2050, the world needs to triple its investment in power grids by the mid-2030s, BloombergNEF estimates. https://lnkd.in/ecdJzM2Y

Last week at Cleantech Group's ???????????????????? ?????? ???????????????????? event, our #GridResiliency Panel featured a range of speakers including?Sander Cohan?from National Grid Partners,?David Miller?of Clean Energy Ventures,?Jessica Harrison?from VEIR, and?Mishal Thadani?from Rhizome.?Highlights from the conversation include: ??As a strategic investor, National Grid Partners seeks to help entrepreneurs deploy alongside utilities and improve their speed to scale. ??Clean Energy Ventures has co-invested with National Grid Partners on various investments including LineVision. Dynamic line rating (DLR) solutions are incredibly relevant in conversations about creating a more resilient grid, especially as weather patterns fluctuate and temperatures increase nationwide. ??Mishal Thadani discussed the need for utilities to understand and calculate risk especially as the number of extreme weather events and weather-related outages increased quite dramatically in the last decade. Rhizome’s platform leverages artificial intelligence, historical climate data and future weather forecasts to identify vulnerabilities and help utilities plan investments around this data to create a more resilient system. ???Jessica Harrison from VEIR, also discussed the importance of improving transmission capacity using their system which leverages high temperature superconductors and a novel cooling system to allow transmission capacity to increase five times compared to traditional conducting lines. Their cooling systems also prevents sag which is a challenges other conducting lines face as temperatures rise. VEIR was also featured in our recent blog highlighting how the commercialization of #fusion technologies has impacted solutions in other industries including electrical transmission. Read more here: https://hubs.li/Q02Qfl2d0

Excited to share that VEIR has been named as one of Silicon Valley Bank and Congruent Ventures’ 50 by 2050: Pioneers in Carbon Reduction. The list features climate tech companies creating carbon reduction solutions to enable a net zero future. Thanks to SVB and Congruent Ventures for including VEIR on this list alongside these transformative companies.

Last week, the VEIR team attended a Red Sox game. We had a fantastic day at Fenway Park, and the Red Sox secured the win. Go Sox!

Today, Vineyard Offshore proposed a $3 million project to support climatetech companies in New England, including VEIR.? ? If the project is selected, VEIR will receive funding for a demonstration aimed at showcasing and maturing VEIR’s technology. This initiative is intended to drive offshore wind adoption, ultimately injecting power into the ISO New England Inc. grid. We look forward to working with Vineyard Offshore on this important project.

Tim Heidel, VEIR CEO and MIT alumnus (’05, SM ’06, SM ’09, PhD ’10) spoke with MIT News about the company’s mission to improve transmission for the power grid transformation.? ? Over more than a decade at Massachusetts Institute of Technology, Heidel went from learning about the fundamentals of electrical engineering to studying the electric grid and the power sector more broadly.?According to Heidel: “I got the energy bug and started to focus exclusively on energy and climate in graduate school.”? ? Check out the story of his education and career highlights as well as VEIR’s milestones to date: https://lnkd.in/e3e24PEG ?

Earlier today, VEIR was at the Massachusetts State House, joining Governor Maura Healey, Lieutenant Governor Kim Driscoll, Economic Development Secretary Yvonne Hao, Energy & Environmental Affairs Secretary Rebecca Tepper, and MassCEC CEO Emily Reichert.?? ? We were honored at an event held in celebration of the 28 Massachusetts climate tech companies named to TIME Magazine’s Top GreenTech Companies 2024 list.???Our team is proud to be among this group recognized for bolstering the strength of the climate tech industry in our home state. https://lnkd.in/eBRXcbyq (photo credit: Joshua Qualls/Governor’s Press Office)

Enhancing our grid is a global imperative. As Europe becomes more electrified, bigger grids with increased capacity will be critical to support the integration of increased renewables.? ? CurrENT Europe, a European trade group focused on innovative grid technologies, recently released a study supported by Breakthrough Energy , examining and analyzing the potential of grid technologies and the role they can play in helping Europe reach its decarbonization goals. ? Congratulations on the release of this important study. VEIR is proud to be a member of currENT. Download the full study here:?https://lnkd.in/eWywpFYb ?