Climate and Clean Tech | October 6, 2022

LineVision raises $33 million to help utilities decarbonize

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, October 6 — LineVision is among the wave of startups using hardware and software solutions to help utilities optimize performance to reduce their carbon footprints. The Somerville, Mass.-based company sensors help utilities collect data and monitor transmission lines in real time, which enables them to better integrate clean energy sources.

Access to adequate transmission capacity is “the single biggest barrier the U.S. and many other major electricity markets face in their near to medium-term decarbonization goals,” says Francis O’Sullivan of S2G Ventures, which led LineVision’s Series C round.

Microsoft Climate Innovation Fund, Clean Energy Ventures, Zoma Capital, National Grid Partners and others participated.

Global demand

LineVision’s customers include National Grid, Xcel Energy and the New York Power Authority. The company says it has helped customers integrate 540 megawatts of clean energy, increased transmission-line capacity by as much as 40%, and avoided 1.3 million tons of CO2 emissions.