Corinex Secures $30M Funding to Scale Grid Flexibility Tech

VANCOUVER, BC, April 9, 2025 /PRNewswire/ -- Corinex, a global leader in broadband over power lines (BPL)-based grid visibility and flexibility solutions, today announces a $30 million investment round led by U.K.-based Energy Growth Momentum, along with Spanish investment firms Suma Capital, an independent alternative asset manager and a leader in ecological transition, and Adara Ventures. This funding will fuel Corinex's expansion in standardizing and delivering real-time grid flexibility and visibility solutions. By resolving grid constraints while enhancing the resilience and security of energy systems worldwide, this collaborative effort paves the way for the mass adoption of decentralized low-carbon technologies (LCTs).

Corinex grid flexibility solutions maintain network capacities, steer low-carbon technologies (LCTs) to consume local generation, and protect transformers from overload.

The investment will support Corinex's ongoing deployments in major European electricity markets, including Germany, Spain, and the U.K., where leading grid operators have formulated—and, in some countries, already standardized—new use cases for the low-voltage grid necessary for mass decarbonization. As a key contributor to industry-standardization associations, Corinex provides standards-based BPL solutions that have been validated for implementation. The high data rate, edge computing capabilities and real time (dynamic) load balancing provided by Corinex technology are essential for increasing the capacity of low-voltage energy infrastructure worldwide.

A shared vision for smarter, more resilient grids

Peter Sobotka, Founder & CEO of Corinex, emphasized the strategic importance of this investment:

"The world's energy grids are at a critical juncture, requiring scalable, real-time solutions to accommodate the rapid electrification of transportation, heating, and decentralized renewables. Corinex's BPL-based technology offers a transformational approach to grid enhancement enabling the instant increase of the grid capacity at low cost.

The Corinex solution was developed, validated, and is now in mass rollouts within real grid environments of the most advanced European utilities. It collects and processes real-time data on the low-voltage part of the grid. Our technology increases grid resiliency by providing real-time control of low-carbon technologies.

The ability to securely collect and manage pools of low-voltage grid data is uniquely positioning Corinex to collaboratively enable some of the many providers of AI technology. Such a combined solution will push grid digitalization to the next new frontiers.

Corinex's growth, profitability, and this investment by Energy Growth Momentum, Suma Capital, and Adara Ventures provide confidence in scaling and mass adoption of Corinex's intelligent infrastructure solutions that enhance grid resiliency and support decarbonization."

For more information, visit www.adara.vc.