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Corinex Announces $30 Million Investment Led by Energy Growth Momentum, Suma Capital and Adara Ventures to Scale the Deployment of its Grid Flexibility Solutions

Corinex Announces $30 Million Investment Led by Energy Growth Momentum, Suma Capital and Adara Ventures to Scale the Deployment of its Grid Flexibility Solutions

April 18, 2025 Sarah Bruhn

Funding to scale the global deployment of Corinex’s broadband over power lines (BPL) grid flexibility and visibility solutions for transformative grid digitalization.

VANCOUVER, BC, April 8, 2025 /PRNewswire/ — Corinex, a global leader in broadband over power lines (BPL)-based grid visibility and flexibility solutions, today announces a $30 million investment round led by U.K.-based Energy Growth Momentum, along with Spanish investment firms Suma Capital, an independent alternative asset manager and a leader in ecological transition, and Adara Ventures. This funding will fuel Corinex’s expansion in standardizing and delivering real-time grid flexibility and visibility solutions. By resolving grid constraints while enhancing the resilience and security of energy systems worldwide, this collaborative effort paves the way for the mass adoption of decentralized low-carbon technologies (LCTs).

The investment will support Corinex’s ongoing deployments in major European electricity markets, including Germany, Spain, and the U.K., where leading grid operators have formulated—and, in some countries, already standardized—new use cases for the low-voltage grid necessary for mass decarbonization. As a key contributor to industry-standardization associations, Corinex provides standards-based BPL solutions that have been validated for implementation. The high data rate, edge computing capabilities and real time (dynamic) load balancing provided by Corinex technology are essential for increasing the capacity of low-voltage energy infrastructure worldwide.

A shared vision for smarter, more resilient grids

Peter Sobotka, Founder & CEO of Corinex, emphasized the strategic importance of this investment:

“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.

The Corinex solution was developed, validated, and is now in mass rollouts within real grid environments of the most advanced European utilities. It collects and processes real-time data on the low-voltage part of the grid. Our technology increases grid resiliency by providing real-time control of low-carbon technologies.

The ability to securely collect and manage pools of low-voltage grid data is uniquely positioning Corinex to collaboratively enable some of the many providers of AI technology. Such a combined solution will push grid digitalization to the next new frontiers.

Corinex’s growth, profitability, and this investment by Energy Growth Momentum, Suma Capital, and Adara Ventures provide confidence in scaling and mass adoption of Corinex’s intelligent infrastructure solutions that enhance grid resiliency and support decarbonization.”

Investor Perspectives

John Wilson, Partner at Energy Growth Momentum, underscored the growing demand for grid modernization:

“Energy grids globally are under increasing strain as the transition to renewables accelerates. Corinex’s technology turns a traditional infrastructure challenge into a smart, software-driven solution – enabling utilities to dynamically manage grid congestion and maintain stability, all without costly infrastructure overhauls. Our investment reflects our belief that Corinex is uniquely positioned to build the stable, flexible grids the future demands – a vision that aligns with our focus on supporting high-growth companies driving the energy transition.”

Natalia Ruiz, Senior Partner at Suma Capital, highlighted the alignment with EU decarbonization goals:

“As Europe intensifies its energy transition, the demand for advanced grid intelligence solutions is more critical than ever. These solutions are the backbone of a resilient and sustainable power system. Corinex’s ability to deliver comprehensive, real-time control and end-to-end visibility over distribution networks is pivotal in enabling progress toward a low carbon economy. At Suma Capital, we have been driving the shift toward sustainable energy for nearly two decades through investments in cutting-edge infrastructure and technologies. Supporting Corinex’s vision and international expansion not only advances our mission as a sustainable and impact-driven fund but also reaffirms our commitment to tackling the core challenges of this transition.”

Alberto Echeverri, Partner at Adara Ventures, emphasized the strategic nature of the investment:

“Investing in Corinex represents a unique opportunity to support a company that is redefining grid management. Building on our successful past investment in a fabless semiconductor company specializing in Power Line Communication (PLC) chipsets for smart energy, we see immense potential in Corinex’s ability to lead the next generation of grid innovation.

About Corinex

Corinex is a pioneering provider of broadband over power lines (BPL)-based grid visibility and flexibility solutions, enabling the digital transformation of energy distribution systems worldwide. The company’s products accelerate the mass integration of low-carbon technologies (LCTs), automate electricity infrastructure, and transform the grid into a dynamic and intelligent energy system.

About Energy Growth Momentum

Energy Growth Momentum (EGM) is a UK-based private equity firm dedicated to investing in proven operational and digital technologies that enhance the commercial and carbon efficiency of energy assets. By providing growth capital to high-growth energy technology companies, EGM aims to foster a more sustainable, efficient, and flexible energy ecosystem. The firm’s investment strategy centers on scaling companies that deliver innovative solutions to address grid modernization, decarbonization, and energy resilience.

About Suma Capital

Suma Capital is an independent alternative asset manager, a leader in ecological transition. The firm focuses its investments on sustainability through three different programs: Sustainable Infrastructure, Growth Capital and Venture Capital. Suma Capital, managing more than 1.2 billion euros in assets, was founded in 2007 and has become a European reference, with a presence in Barcelona, Madrid and Paris.

About Adara Ventures

Adara Ventures is a leading European venture capital firm specializing in deep tech investments. Founded in 2005, the firm manages over €350 million in assets and has a track record of helping high-potential innovators achieve global success. Adara’s portfolio focuses on innovative companies in areas such as cybersecurity, data applications and infrastructure, hardware components, digital health, space tech, and energy transition technologies. For more information, visit www.adara.vc.

For further information, please contact Corinex’s media relations team at jan.sobotka@corinex.com.

Photo – https://mma.prnewswire.com/media/2658672/Corinex_Communications_Corinex_Announces__30_Million_Investment.jpg

PR Contact: Jan Sobotka, Corinex, +1 604-692-0520, jan.sobotka@corinex.com

Copyright © 2025 Cision US Inc.


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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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