Extantia has invested in AssetCool's Series A round to support their innovative approach of upgrading electricity grids using autonomous robots to increase capacity by up to 30% at a fraction of the cost of traditional methods.
AssetCool's technology involves applying photonic coatings with robotic platforms that enhance capacity, prevent corrosion, and reduce noise on both new and existing power lines, significantly reducing downtime and costs compared to reconductoring.
The investment in AssetCool aligns with the urgent need for grid upgrades to facilitate rapid electrification and renewable energy deployment, offering a sustainable solution that can deliver substantial carbon savings exceeding 100 Mt CO2e/year by 2050.
AssetCool's solution not only addresses grid constraints but also accelerates the integration of renewable energy sources by minimizing carbon-intensive tower construction, positioning the company as a significant player in the grid upgrade sector with global scalability potential.