SuperNode shareholders Aker Horizons and Dr. Eddie O’Connor have committed to inject €16 million of additional funding into SuperNode Ltd. This funding will be used for the further development of innovative superconducting transmission technology.
SuperNode CEO John Fitzgerald said:
“We express our appreciation for the endorsement and backing of esteemed investors like Aker Horizons and our visionary founder, Dr. Eddie O’Connor. With this funding, we will advance the development of our technology at our specialised European Cryogenic Centre for Superconductors. We are confident in our capacity to deliver ground-breaking and transformative superconducting cable systems that can revolutionise the energy and transmission sectors and facilitate the acceleration of electrification powered by renewables, needed to decarbonise the world’s economies.”
SuperNode is a cutting-edge global technology company based in Dublin, Ireland that designs superconducting transmission systems to integrate renewable energy and connect electricity markets. Superconducting technology requires less materials, is more efficient and environmentally friendly and, importantly, costs less than any other viable alternative.
SuperNode is co-owned by its founder Dr. Eddie O’Connor and Aker Horizons, a Norway-based developer of green energy and green industry.