JASON HUANG
CEO
TS CONDUCTOR CORP.
WHY: Seeking role in huge electric grid with Huntington Beach-based company TS Conductor. Says its power lines with a carbon fiber core “can carry up to triple the electricity” compared to the older technology.
IN THE NEWS: Company raised $60M in Series B financing round led by Wellington Management; it also included investments from two funds tied to billionaire Bill Gates. The funding round announced on July 31 is in addition to the $25M Series A previously announced.
NOTABLE: Cites Department of Energy saying there are 100K miles of high-capacity power lines needing an upgrade.
QUOTABLE: “For the size of the market, the 100K-mile DOE target is a good figure to reference.”
