Every technology tracked, from class to segment: the leading companies, the projects deploying it, the minerals it depends on, and funding open right now.
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Projects tracked
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0 operating · 0 in construction
Capital committed
Not disclosed
no project-level financing disclosed yet; company raises are on Capital
Companies tracked
22
ranked on this page
Operating capacity
None yet
nothing operating yet
Next milestone
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nothing dated ahead
OTHERHyosung Heavy Industries: Hyosung Heavy reports record Q3 backlog of 18.9T won
Q3 2026 new orders reached 3.2331T won, up 122% year on year, and the order backlog hit a record 18.9T won. Q3 revenue was 1.7406T won with operating profit of 243.5B won.
en.fnnews.com →+ THESISThe agreement covers digital substations and solid-state transformer solutions for AI data centers, combining Hyosung's ARMOUR+ diagnostics and sensors with Siemens' energy management and digital tools.
en.fnnews.com →+ THESISEnergy-Storage.news: Heron Power and NiSource have separately announced US data centre-focused deals involving battery energy storage systems (BESS) in recent days.
energy-storage.news →+ THESISPROJECTHyosung Heavy Industries: Hyosung Heavy targets domestic 2GW HVDC technology by 2027
The company completed key algorithms and submodule development for a 2GW voltage-source converter HVDC system, and was named lead company for converter valves and controllers in KEPCO's localization project in September.
thelec.net →+ THESISCONTRACTHeimdall Power: Bayernwerk adds 100 more Neurons to its dynamic line rating rollout
Bayernwerk expanded its Dynamic Line Rating deployment with Heimdall Power by 100 additional Neurons sensors. The company's news page dates the announcement to October 22, 2026.
heimdallpower.com →+ THESISCONTRACTHeimdall Power: Netze BW selects Heimdall Power for a new DLR project in Germany
German distribution operator Netze BW chose Heimdall Power for a Dynamic Line Rating project in Baden-Württemberg, with Neurons already installed on a key part of its grid. Announced October 8, 2026 per the company's news listing.
heimdallpower.com →+ THESISCONTRACTHeimdall Power: Heimdall Power supports North Carolina's first statewide DLR deployment
Heimdall Power drone teams are to deploy Neurons across North Carolina to capture real-time conductor data, per its October 1, 2026 news item. No contract value was disclosed in the source.
heimdallpower.com →+ THESISSupply contracts totaling roughly $287 million for 765kV ultra-high-voltage transformers were signed with two major US technology companies, per the company's announcement on September 15.
prnewswire.com →+ THESISPARTNERSHIPHeimdall Power: Vattenfall R&D starts DLR proof-of-concept study with Heimdall Power
Vattenfall's R&D department became a new Heimdall Power customer through a proof-of-concept study, with a couple of Neurons to be installed on part of its grid. Dated September 2, 2026.
heimdallpower.com →+ THESISOTHERSiemens Energy: Siemens Energy prepares standalone Transformation of Industry business
The company began preparing legal and operational separation of its Transformation of Industry business area, intending to deconsolidate it while retaining a meaningful minority stake.
siemens-energy.com →+ THESISHigh-voltage transformers, switchgear and HVDC systems; the main bottleneck for new grid connections. Ranked by grid revenue or backlog.
USA · Solid-state transformers
Early commercial (solid-state transformers)?
No dated updates yet
Zurich, Switzerland · Transformers, HVDC and grid systems
$19.8B revenue FY2025; $63.6B backlog (Jun 30, 2026)
Subsidiary of Hitachi (TSE: 6501) · Nov 2026 · investing.com
Siemens Energyunverified
Munich, Germany · Transformers, switchgear, HVDC
Record €51B grid backlog
Public (FRA: ENR) · Aug 2026 · mgrid.org
Cambridge, MA, USA · Transformers, switchgear, grid software
$42.2B equipment backlog in Q3 2026 (+60%)
Public (NYSE: GEV) · Nov 2026 · sec.gov
HD Hyundai Electricunverified
Seoul, South Korea · Power transformers; US plant in Alabama
Not yet sourced
Public (KRX: 267260)
Hyosung Heavy Industriesunverified
Seoul, South Korea · Power transformers; US plant in Memphis, TN
Not yet sourced
Public (KRX: 298040)
Monterrey, Mexico; Charlotte, NC, USA · Power and distribution transformers
Commercial
Subsidiary (GE Vernova, NYSE: GEV) · Nov 2026 · prolec.energy
Roanoke, VA, USA · Power transformers made in the US
Commercial
Private · Nov 2026 · vatransformer.com
Dyersburg, TN, USA · Distribution transformers (Arkansas Electric Cooperatives)
Commercial
Cooperative-owned · Nov 2026 · ermco-eci.com
Laurel, MS, USA · Distribution transformers
Commercial
Private · Nov 2026 · howard-ind.com
Washington, MO, USA · Power transformers (Missouri plant)
Commercial
Subsidiary (WEG, B3: WEGE3) · Nov 2026 · weg.net
Dublin, Ireland; US plants · Electrical equipment including transformers and switchgear
Commercial
Public (NYSE: ETN) · Nov 2026 · eaton.com
Higher-capacity conductors and superconducting cables that move more power through existing corridors.
VEIR#1
Woburn, MA, USA · Superconducting power lines and data-center power delivery
$110M Series C ($225M total raised)
No dated updates yet
Huntington Beach, CA, USA · Advanced carbon-core conductors that carry more power on existing towers
Not yet sourced?
No dated updates yet
Irvine, CA, USA · ACCC carbon-core conductors for reconductoring lines
Commercial (ACCC conductor)
No dated updates yet
Somerville, MA, USA · Dynamic line rating sensors and analytics
Commercial (dynamic line rating)
No dated updates yet
Durham, NC, USA · Modular power-flow control (SmartValve)
Commercial (power flow control)
No dated updates yet
Carrollton, GA, USA · Wire and cable maker
Commercial
Private · Nov 2026 · southwire.com
Heimdall Powerunverified
Oslo, Norway · Sensors that raise line ratings (dynamic line rating)
Not yet sourced
Private
Developers of long-distance, high-voltage lines.
Houston, TX, USA · Long-distance high-voltage transmission developer
Developer
No dated updates yet
Chicago, IL, USA · Developer behind the Grain Belt Express HVDC line
Developer
Private · Nov 2026 · grainbeltexpress.com
San Francisco, CA, USA · Developer of SunZia wind and transmission
Developer
Private · Nov 2026 · patternenergy.com
What transmission & equipment depends on, what each input does in this technology, and how exposed it is (red high, blue medium, green low). Prices are 2025 averages (USGS); live prices arrive with Markets.
Grain-oriented electrical steel (about 3% silicon) in transformer cores.
Largest producer: China
REBCO superconducting tape in superconducting cables (VEIR).
Largest producer: China
Gallium nitride power electronics in grid inverters and converters.
Largest producer: China
Transformer windings, underground cables and substation conductors.
Largest producer: Chile
Overhead transmission conductors (lighter and cheaper than copper).
Largest producer: China
Massachusetts Clean Energy Center · due 2026-11-10
California Energy Commission · GFO-26-501 · due 2026-11-20
Rural Utilities Service · RUS-ARC-2026 · due 2026-11-20
DoD DTRA STTR · DTR27TZ02-NV003 · due 2027-01-06
California Energy Commission · GFO-26-503 · due 2027-01-26
National Energy Technology Laboratory · DE-FOA-0003641 · due 2027-02-08
Oregon Department of Energy
Oregon Department of Energy
Virginia Department of Energy
Oregon Department of Energy