AssetCool Secures $10M Series A to Revolutionize Overhead Power Lines with Cutting-Edge Photonic Coatings and Robotic Precision

AssetCool, an innovative leader in developing specialized coatings and semi-autonomous application systems for overhead power lines, proudly announces the successful raising of $10,000,000 in its latest funding round. This significant investment underlines both the market’s confidence in AssetCool’s cutting-edge technologies and the transformative potential of its products. The funds will primarily be deployed to scale the production and commercialization of its groundbreaking SE0-N photonic coating range and the revolutionary CAPACITY-N robotic system. AssetCool’s innovative photonic coatings have already demonstrated the ability to boost overhead power line capacity by up to 30%—a critical enhancement achieved through simultaneous solar reflectivity and heat dissipation. This improvement not only reduces conductor temperatures and lowers resistance, but also enhances the overall energy efficiency of power transmission systems, potentially reducing energy losses by as much as 10%. In addition to enhancing capacity, the CAPACITY-N robotic system represents a leap forward in automation; by directly applying the SE0-N coatings, it enables utilities to upgrade existing conductors without the costly process of reconductoring, offering a swift and cost-effective solution to capacity challenges. With over four years of field testing, thousands of hours of standardized accelerated aging benchmarks, and multiple live installations demonstrating its reliability, AssetCool is poised to lead the industry with its state-of-the-art manufacturing excellence. The recent funding will accelerate further research and technological refinements, bolster manufacturing capabilities, and support global market expansion. Ultimately, AssetCool is set to redefine power transmission standards while delivering significant returns on investment for its stakeholders and advancing energy infrastructure sustainability worldwide.