VEIR

VEIR is a superconducting power solutions company founded in 2019, focused on advanced electric transmission technologies. The company aims to enhance grid resilience and capacity growth, enabling data centers, energy producers, and utilities to efficiently expand transmission infrastructure. VEIR's mission is to deliver high power density across the electricity value chain, supporting decarbonization and electrification goals. The company's core innovation includes high-temperature superconducting (HTS) transmission lines combined with a proprietary evaporative cryogenic cooling system. This technology allows for higher power transmission within smaller rights-of-way, potentially increasing capacity significantly compared to conventional methods. VEIR's solutions facilitate grid modernization, renewable energy integration, and scalable power solutions for data centers, making them particularly relevant for projects requiring rapid scalability. VEIR has attracted attention from utilities, energy producers, and data center operators looking to expand transmission capacity without extensive land acquisition. The company raised a $10 million Series A round in 2021, which has helped scale its operations and establish a development site in Massachusetts for testing its cooling systems.