Belgium-based Ampacimon Acquires $10.6 Million in Series C Funding. Together with Junction Growth Investors, Korys, Noshaq, Creos, and Gesval invested in the round.
The company plans to utilize the money to accelerate both the development of its solutions and its U.S. expansion.
Ampacimon is a technology business offering Grid-Enhancing Technologies (GET) to transmission, distribution, and energy utilities under the direction of CEO Frederic Vassort.
Grid operators can maximize the use of their assets, repair them, and prioritize expenditures thanks to its own metering systems and advanced analytics.
Grid operators may speed up the integration of renewable energy sources and the energy transition with its data-driven solutions. Ampacimon has offices in Belgium, Spain, and the United States and has remedies in use with grid operators.
Customers include Arizona Public Service, BC Hydro, Pennsylvania Power and Light, San Diego Gas & Electric, San Diego Gas & Electric, Tepco, EdP, Hydro-Québec, Red Eléctrica, and SVK.
Ampacimon is among the leaders globally in grid monitoring systems. The goal of Ampacimon’s “Smart solutions for a Dynamic grid” initiative is to assist grid operators in maximizing capacity and use while safely extracting economic and operational value from their current infrastructure.
Products from Ampacimon target issues with grid infrastructure such aging assets, transmission congestion, renewable energy integration, and interconnectors.
To improve high and medium voltage overhead lines, underground cables, GIS, and transformers, Ampacimon offers a variety of products to T/DSOs and other energy-intensive sectors.