Energy Growth Momentum, Suma Capital and Adara Ventures completed the $30m investment in Corinex.

Energy Growth Momentum, a private equity firm, Suma Capital, an investment company, and Adara Ventures, a venture capital firm, completed the $30m investment in Corinex, a broadband over power lines based grid visibility and flexibility solutions provider. “The world’s energy grids are at a critical juncture, requiring scalable, real-time solutions to accommodate the rapid electrification of transportation, heating, and decentralized renewables. Corinex’s BPL-based technology offers a transformational approach to grid enhancement enabling the instant increase of the grid capacity at low cost," Peter Sobotka, Corinex Founder & CEO.