SuperNode funding news – Dublin-based SuperNode Raises €8Million in an Additional Funding

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SuperNode CEO John Fitzgerald said: “We are thankful for the continued backing from our major investors, Aker Horizons and Volnay. This funding will enable us to further develop our key initiatives: technology development at our Dublin and Blyth facilities, prototype testing and demonstration projects, and bringing this game-changing technology to market, supporting decarbonisation and energy independence.”

It is a cutting-edge technology company specialising in next-generation superconducting cable systems, capable of conveying 5-10 times more energy than conventional electricity cables. The technology provides innovative solutions to current electricity grid challenges and will play a key role in the transition to decarbonisation.

About SuperNode

SuperNode was founded in 2018 by the late renewable energy pioneer Eddie O’Connor. It is co-owned by Volnay and Norwegian green investment group AKER Horizons.