Veir announced it raised $24.9 Million in an initial filing from an offering of $24.9 Million
05/25/23, 4:20 PM
Location
woburnMoney raised
$24.9 million
Industry
other
Company Info
Location
3 gill street suite d
woburn, massachusetts, united states
Additional Info
VEIR is developing a new generation of High Temperature Superconductor (HTS)-based transmission lines. VEIR’s evaporative cooling architecture delivers 20 times the cooling power per kilogram of coolant flow compared to conventional approaches. VEIR’s innovations will enable reliable, low loss, cost–effective HTS-based transmission over long distances in narrow rights–of–way, connecting the lowest cost renewable power to where it’s needed, when it’s needed.