The corporate goals to make use of its expertise to deal with present electrical energy grid challenges and will play a key position within the transition to decarbonisation.
Irish renewable expertise firm SuperNode has bagged €8m in funding to additional the event of its superconducting transmission expertise.
Based in 2018 by the late Dr Eddie O’Connor, the corporate specialises in next-generation superconducting cable programs able to conveying extra vitality than standard electrical energy cables.
The expertise goals to deal with present electrical energy grid challenges and will play a key position within the transition to decarbonisation.
The contemporary funding comes from O’Connor’s funding group, Volnay, and Norwegian inexperienced funding group, Aker Horizons, each of which co-own the corporate.
SuperNode’s CEO John Fitzgerald mentioned he’s grateful for the continued backing from the corporate’s traders.
“This funding will allow us to additional develop our key initiatives: expertise improvement at our Dublin and Blyth amenities, prototype testing and demonstration initiatives and bringing this game-changing expertise to market, supporting decarbonisation and vitality independence.”
SuperNode’s success has been ramping up during the last yr and a half. In April 2023, the corporate secured €16m from its shareholders.
Later that very same month, the Dublin-based start-up teamed up with CERN, the European Organisation for Nuclear Analysis, to collaborate on bettering SuperNode’s superconducting cable programs.
A couple of months later, the corporate introduced plans to speculate €40m into analysis and improvement of recent superconducting cables to spice up Eire’s transition to net-zero carbon emissions.
And final month, SuperNode expanded its operations past Dublin, opening a brand new cable expertise centre in Blyth, Northumberland. In response to SuperNode, the power represents the primary part of a bigger, multiyear venture to develop next-generation superconducting cables.
Nonetheless, initially of 2024, the corporate additionally introduced that its founder, O’Connor, had died, aged 76.
In a tribute, Fitzgerald mentioned O’Connor was referred to as one in every of Eire’s best entrepreneurs. “Eddie noticed alternatives and developments a few years earlier than anybody else and was decided to form developments by being the primary mover,” he mentioned.
“He noticed the necessity for brand new grid expertise earlier than others and was the primary to articulate the need for Europe to construct a pan-European electrical energy supergrid to convey photo voltaic and wind energy to customers in a decarbonised European financial system.”
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