Announced
Synopsis
Wellington Management, a private independent investment management firm, led a $60m Series B round in TS Conductor, a US-based manufacturer of advanced electric power lines, with participation from Quanta Services, Gates Frontier, Energy & Environment Investment, Blue Earth Capital, Edison International, National Grid Partners, Breakthrough Energy Ventures and NextEra Energy Resources. "The electric grid is the backbone of our clean energy future, and it urgently needs a 21st-century upgrade. We're deeply grateful for the support of industry-leading investors who recognize the potential of our advanced conductor technology. With this funding round, we're scaling up production to put our proven solution into the hands of utilities faster," Jason Huang, TS Conductor CEO.
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