About

VEIR focuses on enhancing electric transmission through superconducting power lines that utilize liquid nitrogen for cooling. This technology enables the transmission of 5 to 10 times more power than traditional lines at the same voltage, improving the capacity of existing transmission corridors and reducing the need for new infrastructure. The primary customers are utility companies and energy providers seeking to upgrade their systems to meet increasing electricity demands while promoting decarbonization and grid resilience. VEIR's business model includes the development, installation, and maintenance of these advanced lines, offering a solution that minimizes power loss and supports cost savings. The goal is to transform the electric transmission landscape by providing high-capacity, low-loss solutions that align with global sustainability efforts.

Simplify's Take

What believers are saying

• VEIR raised $24.9 million in Series A-2 funding in July 2023.
• Their technology modernizes the grid, increasing renewable energy access.
• Growing interest in superconducting technologies boosts VEIR's market potential.

What critics are saying

• Emerging competition from perovskite solar cells may impact VEIR's market share.
• Regulatory changes may favor underground over overhead transmission systems.
• Reliance on liquid nitrogen cooling may face environmental scrutiny.

What makes Veir unique

• VEIR uses high-temperature superconductors for efficient electricity transmission.
• Their cooling technology offers 20 times more power per kilogram of nitrogen flow.
• VEIR's lines transmit 5-10 times more power than conventional lines at the same voltage.

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