Germany: German power regulation company Maschinenfabrik Reinhausen GmbH (MR) has invested in Gridco Systems, a start-up company offering next-generation power electronics devices to actively manage voltage and reactive power at the distribution circuit level, which has raised $12 million in a funding round including existing investors and MR as a strategic investor.
Gridco is one of a small set of companies using the latest technology advances in inverter and power conversion electronics to design, build and deploy grid-hardened devices that can actively manage voltage and reactive power at the distribution-circuit level, reports GTM.
The difference between these devices and the previous generation of on load tap changers, voltage regulators and power transformers is that they are digitally altering the waveform of the alternating current humming through the grid. This makes them more flexible in terms of the control they can achieve over specific portions of the grid, reports GTM.
The company has also launched three new products over the past year, which are designed as stand-ins for the existing types of equipment now deployed for distribution grid voltage management.
Although the two companies did not announce any specific projects or products they might be working on, Michael Rohde, managing director at MR, said the two are "looking forward to jointly exploring synergy potentials for the benefit of our customers in the U.S. and internationally," reports GTM.