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SOMERVILLE, Mass., April 7, 2021 /PRNewswire/ LineVision, Inc., a leading provider of non-contact overhead power line sensor solutions to monitor, optimize, and protect critical energy delivery infrastructure today announced the closing of its Series B financing round, raising $12.5 million to accelerate the company s growth. The round is led by
UP Partners, a Los Angeles-based electrification and mobility fund. Other new investors include
National Grid Partners, the venture investment and innovation arm of one of the world s largest investor-owned energy companies; and
ZOMA Capital, a Colorado-based family office specializing in grid modernization technologies. These new investors join existing LineVision backers including
LineVision Secures $12 5 Million in Series B Financing to Scale Grid Enhancing Technology prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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In Kansas and Oklahoma, over 5,000MW of wind and solar could be deployed by 2025 using the tech. Image: Getty.
Technologies to help tackle grid congestion could double the volume of solar and wind deployed by 2025, according to a new study.
The study – undertaken by the Brattle Group on behalf of the WATT Coalition – identifies how three Grid-Enhancing Technologies (GETs) could boost the technologies, using the Southwest Power Pool (SPP) grid as an illustrative case study.
It found that renewables curtailments in Kansas and Oklahoma are likely caused by transmission congestion and that the three GETs – Advanced Power Flow Control, Dynamic Line Ratings and Topology Optimisation – could enable the two states to integrate 5,200MW of solar and wind generation currently in interconnection queues by 2025, with this being over double the development possible without the technologies.