Smart Wires Inc.

Smart Wires Inc. is a US-based technology company that specializes in advanced solutions designed to enhance the efficiency and capacity of electric utility networks. Founded in 2010 and headquartered in Durham, US, Smart Wires Inc. focuses on optimizing electric utility networks through innovative technology.

The company has engaged in 10 funding rounds, with its latest round raising USD 65. 00 mn from investors including BP Energy Partners and Keystone Group, L. P. The executive team includes CEOs James Davis and Peter Wells.

Smart Wires Inc. specializes in advanced grid-enhancing technologies that optimize the operational efficiency and capacity of electric utility networks. Its core offerings include the SmartValve™, an Advanced Power Flow Control solution, and SUMO, a Dynamic Line Rating technology. These products provide electric utilities with enhanced grid flexibility, reliability, and affordability, responding to rising energy demand.

Serving clients across North America, Europe, and Latin America, Smart Wires has unlocked nearly 4 gigawatts of additional capacity through various high-impact projects, facilitating new energy source integration while ensuring cost savings for consumers. Smart Wires Inc. generates revenue through partnerships and collaborations with electric utilities, primarily in a B2B model. Revenue is derived from the deployment and implementation of flagship products like the SmartValve™ and SUMO, structured around upfront installation fees and ongoing service agreements.

The company capitalizes on long-term contracts, creating predictable revenue streams as utilities adopt Smart Wires’ technologies to meet regulatory requirements and customer needs. Smart Wires Inc. plans to leverage its recent funding to expand its product offerings and explore new geographic markets. The funding raised, which amounted to USD 65.

00 mn, will support the development of upcoming products. Additionally, the company is targeting expansion into new markets, with plans to enhance its global footprint in regions such as Asia-Pacific and the Middle East by 2025. These initiatives aim to address the increasing demand for efficient energy solutions worldwide.