San Clementeโs TS Conductor Corp. believes a key technology element of the electricity grid, nearly 100 years old, is more than overdue for an update.
The company, founded in 2018, is the maker of a new type of carbon composite cores that, when combined with aluminum, form conductors that it says can be used to transmit and distribute electricity around the world at a much higher efficiency than the norm for the utility industry.
While the electricity generation segment of the energy industry has progressed to cleaner and more efficient solutions, the overhead conductor technology used by transmission and distribution grid operators has not materially changed since the emergence of Aluminum Core Steel Reinforced or ACSR cables in 1908, according to the company.
ACSR today represents over 95% of the utility cables deployed across the world.
TS Conductor says its product addresses numerous issues associated with the legacy infrastructure used by utilities, such as safety and reliability of the operatorโs high-voltage power lines.
Its conductors are also expected to be increasingly used by renewable energy developers.
โOur mission is to make electricity networks greener. TS achieves that through a combination of energy efficiency and faster and cheaper renewable integration,โ said Jasonย Huang, co-founder and CEO of TS Conductor.
The upstart companyโTS stands for Total Solutionโhas gained big-name backers that have bought into its vision.
TS Conductor said Nov. 16 it raised $25 million in an oversubscribed seed round of financing.
โOur investors believe this is a game-changing technology,โ Huang told the Business Journal. โWe have global patents so we can make this a multibillion-dollar company. Weโre talking about transforming an industry stuck in the past for too long. The need is imminent and massive.โ
The Series A round was led by Breakthrough Energy Ventures, Nationalย Gridย Partnersย and a subsidiary of NextEraย Energy, among others.
The funding will be used to build a manufacturing plant in the United States; a specific location has not yet been disclosed.
Bill Gates Backing
โTransmission is fundamentally important to our climate mission, yet it has seen limited innovation over the years,โ according to Carmichaelย Roberts, an executive member of Breakthrough Energy.
The fund was founded by Billย Gatesย and counts more than $2 billion in committed capital for emerging energy firms.
โIt is rare to find a transmission technology like TS Conductor with as much potential in terms of deployability, cost and efficiency,โ Roberts said at the time of the fundingโs announcement.
CTC Ties
The companyโs technology is based on Huangโs patented conductor design. The conductors can be installed with the same tools and operating procedures as ACSR cables, according to the company.
They can be used for high-voltage power line reconductoring, energy efficiency upgrades, and building new power lines with lower structure costs, according to the company, whose founding team counts ties to another area power conductor firm, Irvineโs CTCย Global.
According to Huangโs LinkedIn page, while serving at CEO and chief technology officer at CTC, he helped boost its revenue to nearly $40 million. He and other TS Conductor founders left the Irvine company near the end of 2016; there has been subsequent litigation between the founders and CTC, with accusations of trade theft and wrongful termination.ย
