Vancouver-based Corinex, a global leader in broadband over power lines (BPL) technology, has secured a $42 million investment to accelerate its expansion in delivering real-time grid flexibility and visibility solutions.
The funding round is led by U.K.-based Energy Growth Momentum and joined by Spanish investment firms Suma Capital and Adara Ventures. The capital will support Corinex’s mission to modernize low-voltage electricity grids, a critical step toward accommodating decentralized low-carbon technologies (LCTs) such as electric vehicles, heat pumps, and distributed renewables.
“This investment is about unlocking the full potential of power grids as they face a surge in electrification,” said Peter Sobotka, Corinex’s Founder and CEO. “Our broadband over power line technology enables scalable, cost-effective upgrades to grid infrastructure, helping operators manage real-time data and increase capacity without expensive overhauls.”
Corinex’s standards-based BPL solutions are already in deployment across leading European markets including Germany, Spain, and the U.K., where grid operators are moving swiftly to implement new use cases at the low-voltage level. These advancements are essential to achieving national and regional decarbonization goals.
The company’s technology stands out for its high data throughput and edge computing capabilities, allowing for dynamic load balancing and improved grid resiliency. Corinex’s systems gather and process real-time data from the low-voltage grid, providing operators with granular control over energy flows and enabling integration with emerging AI-powered solutions for smarter energy management.
Backed by growing profitability and partnerships with advanced European utilities, Corinex is positioning itself as a cornerstone of the next generation of digital, secure, and sustainable energy systems.
The investment underscores investor confidence in Corinex’s ability to lead the global transition toward more resilient and intelligent power grids.