Veir is a startup developing a new generation of High Temperature Superconductor (HTS)-based transmission lines.

VEIR’s evaporative cooling architecture delivers 20 times the cooling power per kilogram of coolant flow compared to conventional approaches.

Veir was founded in 2019 by Adam Wallen and Tim Heidel. The company is headquartered in Boston, Massachusetts.

Veir is reinventing the architecture of electricity transmission to enable a fully decarbonized grid.

Veir provides an evaporative cryogenic cooling technology platform that enables the increase of the amount of power transmitted at lower voltages in smaller right-of-ways connecting lowest cost renewable resources to where they’re needed, when they’re needed.

 

VEIR’s technology enables increasing the amount of power transmitted in a given right-of-way by a factor of five. This will enable the transmission of more power at lower voltages in smaller right-of-ways, reducing the uncertainty, time, and cost of siting and permitting new transmission corridors.

 

Veir is backed by Breakthrough Energy Ventures (BEV), Congruent Ventures, The Engine and others. The company raised $10M in Series A round on Mar 04, 2021. This brings Veir's total funding to $12M to date.

 

 

  • Year founded: 2019
  • Funding Info: $12M over 2 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 2-10
  • Business Valuation: NA
  • City/Town: Boston
  • State: Massachusetts
  • Country: United States
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