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Heimdall Power raises $25 Million USD Series B funding from Orlen, NRP Zero, and Steinsvik Family Office to accelerate power grid optimization globally

Jul 16, 2024•almost 2 years ago

Contract Type

partnership

OsloEnergyRenewable Energy

Description

Heimdall Power, the global leader in power grid optimization, has announced a $25 million USD capital raise in a Series B financing round co-led by Orlen, NRP Zero, and the Steinsvik Family Office. The funding will enable Heimdall Power to accelerate power grid optimization globally, allowing electric utilities to increase transmission capacity and improve safety and efficiency.

Company Information

Company

Heimdall Power

Location

Oslo, Oslo, Norway

About

Heimdall Power is a technology company specializing in power grid optimization for utility companies globally. They are known for their Neuron sensors, also known as “Magic Balls,” which can access up to 40% additional transmission capacity from existing power lines. The company aims to address the challenges faced by power grids around the world and enable the ongoing energy transition.

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