Leeds-based AssetCool has secured nearly €11.56M in a Series A funding round led by Energy Impact Partners.
AssetCool focuses on improving overhead power line capacity through smart coating technology to address grid congestion during the energy transition.
The company develops coatings and robotic systems to enhance grid infrastructure performance, enabling capacity boosts of up to 30% at a fraction of traditional costs and time.
AssetCool's technology has been recognized by multiple utilities globally for providing capacity and resilience enhancements without requiring extensive upgrades.