AssetCool is thrilled to announce that it has successfully raised $11.5 million in a recent funding round designed to accelerate its innovative work in developing specialized coatings and semi-autonomous application systems for overhead power lines. This significant capital infusion will empower the company to further expand its groundbreaking portfolio, including the revolutionary SE0-N photonic coatings and the cutting-edge CAPACITY-N robotic system. By integrating advanced photonic coatings that simultaneously enhance solar reflectivity and heat dissipation, AssetCool’s technology increases the safe current-carrying capacity of power lines by up to 30%, while also reducing electrical losses by approximately 10%. These improvements translate into substantially lower resistance and diminished power losses, which can result in savings exceeding 100MWh per kilometer annually, offering both enhanced efficiency and considerable economic benefits over traditional reconductoring methods.
The funding will primarily be allocated to scaling manufacturing excellence and advancing the CAPACITY-N robotic application system, which directly applies SE0-N coatings to overhead conductors with unprecedented precision and speed. This investment is a testament to AssetCool's proven track record, supported by four years of extensive field testing, thousands of hours of accelerated aging trials, and multiple international research collaborations. With live installation case studies and km scale production already demonstrated, AssetCool is poised to revolutionize the overhead transmission and distribution lines market. The company’s commitment to innovation and quality manufacturing processes, including robust SOPs, QA/QC protocols, and associated engineering services, reinforces its leadership position in the energy infrastructure sector and opens up new opportunities to significantly reduce loss and improve network resilience in power delivery systems.
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