Tech
SuperNode secures additional €16m from shareholders
Eddie O’Connor’s SuperNode is developing superconducting transmission technology
Former Mainstream Renewable Power chairman Dr Eddie O’Connor and other shareholders in SuperNode have injected €16 million of additional funding into the company, a year after providing it with €14 million in financing.
SuperNode is developing so-called “superconducting transmission technology” to integrate renewable energy and connect electricity markets.
The company has developed cables that are capable of transferring large amounts of electricity over long distances more effectively and cheaply.
SuperNode forecasts that superconducting transmission products ...