MetOx International, a leader in High Temperature Superconducting (HTS) technology, has closed its Series B funding round, securing $40 million to expand its US manufacturing capabilities and meet surging market demand. This investment will significantly bolster the nation’s clean energy infrastructure and technological advancement.
MetOx International, a leading U.S. manufacturer of high-temperature superconducting (HTS) wire, has secured $80 million in funding from the U.S. Department of Energy to build a state-of-the-art manufacturing facility in the southeastern United States. This project, dubbed ‘Project Arch,’ will be the first large-scale HTS wire production facility in the country and will create over 200 high-tech jobs. It signifies a significant leap forward in the development of clean energy infrastructure, with applications in renewable energy, electric vehicle charging, and hyperscale data centers.
MetOx International, a leading developer and manufacturer of high-temperature superconducting (HTS) wire, has successfully closed a $25 million Series B Extension. This investment, led by Centaurus Capital and New System Ventures, will fuel the company’s expansion and drive the adoption of HTS technology in energy, data centers, and other critical industries.
