Corinex just secured a fresh $30 million in funding
Corinex grabs $30M to supercharge real-time grid tech and power a low-carbon future, and they’re not wasting a minute to make it happen. The Vancouver-based company, known for turning power lines into smart digital highways, pulled in the investment to speed up its rollout of real-time grid flexibility solutions across Europe.
The round was led by U.K. private equity firm Energy Growth Momentum, with Suma Capital and Adara Ventures also joining in. Together, they’re putting their bets on a future where electricity grids aren’t just wires and transformers, but responsive, intelligent systems that play nice with solar panels, EVs, and whatever else the decarbonized future throws at them.
And this isn't some futuristic dream as Corinex’s broadband-over-power-lines (BPL) tech is already deployed with major grid operators across Germany, Spain, and the U.K.—places where decarbonization isn’t a buzzword but an engineering blueprint. The company’s systems help steer energy use in real-time, making sure electric vehicles and heat pumps draw from local solar power, not from a grid that’s already gasping. Think of it like traffic control for electrons.
“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,” said Peter Sobotka, Corinex’s founder and CEO. “Our technology increases grid resiliency by providing real-time control of low-carbon technologies.”
According to Sobotka, the solution is already in mass rollout with some of the most advanced European utilities, proving it’s not just ready—it’s working.
The investment also signals confidence in Corinex’s approach to standardization. As a contributor to industry bodies, the company is helping set the rules for the low-voltage grid of tomorrow. And with built-in edge computing and high-speed data processing, their tech doesn’t just collect info—it acts on it fast enough to prevent transformer meltdowns before your electric car even finishes charging.
“Corinex’s technology turns a traditional infrastructure challenge into a smart, software-driven solution,” said John Wilson, Partner at Energy Growth Momentum, who sees this as a smarter alternative to tearing up the grid. He added, “Our investment reflects our belief that Corinex is uniquely positioned to build the stable, flexible grids the future demands.”
For Suma Capital, it’s all about mission alignment. “These solutions are the backbone of a resilient and sustainable power system,” said Natalia Ruiz, Senior Partner, who stressed the role of grid intelligence in hitting Europe’s decarbonization goals. Meanwhile, Adara Ventures is no stranger to the space, having backed a fabless chipmaker for power line communication before. “We see immense potential in Corinex’s ability to lead the next generation of grid innovation,” said Partner Alberto Echeverri.
With this new round of capital, Corinex is plugging deeper into Europe's biggest electricity markets—and possibly flipping the switch on how we think about the grid itself.
