About

VEIR specializes in superconducting power lines that enhance electric transmission capabilities. Their technology utilizes distributed, evaporative liquid nitrogen for cooling, allowing these lines to transmit 5 to 10 times more power than traditional lines at the same voltage. This innovation significantly increases the capacity of existing transmission corridors and reduces the need for new infrastructure. VEIR primarily targets utility companies and energy providers seeking to upgrade their systems to meet rising electricity demands while promoting decarbonization and grid resilience. Unlike competitors, VEIR's product minimizes energy loss and maximizes power delivery, providing a cost-effective solution for enhancing transmission capacity. The company's goal is to support the transition to sustainable energy by modernizing the electric grid and reducing carbon emissions.

Simplify's Take

What believers are saying

• Successful outdoor demonstration of VEIR's technology validates its potential to modernize the electric grid and increase access to renewable energy.
• The recent $24.9 million Series A-2 funding round from prominent investors like Breakthrough Energy Ventures and Congruent Ventures indicates strong financial backing and growth potential.
• VEIR's innovative approach aligns with global efforts to combat climate change, positioning the company as a key player in the clean energy transition.

What critics are saying

• The adoption of VEIR's technology may face regulatory and permitting challenges, potentially delaying deployment.
• The high initial costs associated with superconducting technology could be a barrier for some utility companies.

What makes Veir unique

• VEIR's use of distributed, evaporative liquid nitrogen cooling for superconducting power lines allows for 5-10 times more power transmission than conventional lines, a significant technological edge.
• The company's focus on enhancing existing transmission corridors minimizes the need for new infrastructure, offering a cost-effective and environmentally friendly solution.
• VEIR's ability to transmit high power with negligible losses provides a compelling value proposition for utility companies aiming for decarbonization and grid resilience.