Huntington Beach-based TS Conductor said today it has raised $60 million to expand production of high-capacity power lines, in an investment round led by Wellington Management.
The funds will be used to open a second U.S. production facility.
TS Conductor aims to help overhaul outdated power grids that are nearing a breaking point. Power outage frequency and duration have both increased over the past decade.
“The electric grid is the backbone of our clean energy future, and it urgently needs a 21st-century upgrade,” Jason Huang, CEO of TS Conductor, said in a statement announcing the investment.
For further details, see the Aug. 12 edition of the Business Journal.
