Santander injects funds into Corinex to accelerate power grid digitalisation
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
| Sectors | Power Grids, Smart Grids |
|---|---|
| Themes | Investments & Transactions, Project Development, Financing |
| Countries | Canada, Spain |
Corinex, a provider of power grid digitalisation solutions, has secured strategic funding from the alternative investment platform of Spanish banking group Santander. The transaction aims to support Corinex’s international expansion, particularly in Europe and the Americas, and to strengthen its ability to offer tools for networks facing the rise of renewable energy and distributed energy resources.
Technology integrated into the low-voltage network
Corinex’s technology is based on broadband over power line (BPL), which transforms existing power infrastructure into a high-speed data network. By directly embedding smart sensors, communication modules and control software into the low-voltage grid, operators can monitor key parameters such as voltage, frequency and power quality in real time.
Unlike traditional systems requiring separate telecommunications infrastructure, Corinex’s approach reduces costs while improving the granularity of collected data. This information is critical for anticipating imbalances and responding swiftly to demand fluctuations or localised faults.
Active optimisation of energy demand
Corinex’s solutions also provide direct control over connected devices, including electric vehicle chargers, heat pumps and residential batteries. From secondary substations, operators can automate demand-side management and smooth consumption peaks without manual intervention, thereby optimising grid flexibility.
This ability to steer consumption in real time allows costly infrastructure investments to be postponed. It represents a significant lever for managing the growing use of electrified technologies while maintaining the stability of local networks.
Support for scaling smart grid deployment
The funding from Santander Alternative Investments is expected to accelerate Corinex’s commercial rollout in markets where local grid constraints hinder the deployment of decarbonised technologies. The company states that its solutions enable consumer participation in energy management without compromising system stability.
As electric grids face increasing stress from the proliferation of rooftop solar panels and high-consumption devices, Corinex is targeting a fast-growing segment. Its expanding product portfolio is attracting a growing number of network operators seeking a proactive approach to flexibility management.
