Smart Wires, headquartered in Union City, California, is teaming up with Amprion, a German transmission system operator, to relieve constrained power lines with its SmartValve™ power router. SmartValve can control distributed generators, energy storage devices, and demand response units to smooth power delivery.
Smart Wires received $75 Million in growth equity financing led by Lime Rock New Energy in December 2019. The funds provided growth capital to the company as it deployed its SmartValve™ solutions with customers on four continents in 2020.
Competition is sparse - NEC Corporation, Varentec and Grid Net are the few competitors with patent applications in the Power Router subcategory. With a market this huge, it looks like Smart Wires has definitely found a niche it can fill and it’s protecting that niche with patents. Keep track of Smart Wires and the other Power Router players by subscribing to Magic Number’s Demand Response Patent Forecast®
Demand response is a reduction in the electric utility power consumption by a customer in order to better match the demand for power with the supply.