Startup Making 21st-Century Power Lines Gets a $60 Million Boost
TS Conductor plans to expand operations to produce its high-capacity power cables that can help speed the energy transition.
Rolls of aluminum conductive materials at the TS Conductor Corp. production facility in Huntington Beach, California.
Photographer: Kyle Grillot/BloombergStartup TS Conductor Corp. raised $60 million in a new funding round. The company, which manufactures power lines that are more efficient than the majority currently in operation, plans to use the funding to open a second facility east of the Mississippi River as it seeks to boost production capacity. New power cables will be crucial as old transmission lines are increasingly stressed by natural disasters and rising energy demand from data centers.
The California-based company didn’t share details on the exact location of the new site, but is planning to increase output at its Huntington Beach facility, which is already operating near full capacity, according to a statement. Wellington Management led the new funding round, with other backers that include Breakthrough Energy Ventures, Quanta Services, Frontier, Energy & Environment Investment Inc., and Edison International.