$175 billion market opportunity across public power and cooperative utilities
Energy technologies have significantly evolved since the first cleantech investment craze launched in the early 2000s with a small cadre of venture capitalists. Today, with a new wave of clean energy investment hitting $175 billion, broadband solutions with distributed intelligence and high bandwidth are required to connect billions of newly added electricity devices, achieve smartification and prevent decarbonization.
Faster and more cost-effective than competing technologies
Power grids are changing. The move to electric vehicles (electrification), and installation of prosumer renewables (decentralization) require far more energy data and transmission speed to ensure the reliability of the grid. Smart grid communication is in transition from narrow to broadband communication. Corinex' complete solution for digitalizing electric grids enables end-to-end control of grid communications with high data transmission speed, and the cost per transaction using Corinex' BPL communication will be significantly lower than that of many competing technologies.
Standardized G.hn networking protocol designated by ITU
Corinex’ latest field-proven products are based on G.hn., the current networking standard of the International Telecommunications Union (ITU), which is compatible with internet protocol version 6 (IP v.6). This protocol is endorsed for standardized BPL applications by the Powerline Intelligent Metering Evolution (PRIME) Alliance, an association of leading utilities and suppliers. Corinex products based on this protocol are capable of high bandwidth and cyber-secure operations.
The only vendor capable of meeting the requirements of E.ON for the largest BPL deployment
Corinex was chosen to partner with E.ON, a leading European investor-owned energy company that serves approximately 50 million customers, as a result of its capability to offer broadband communication, computation, and security in one integrated solution. With a sales pipeline of over 500M in total, Corinex could be cash-positive with only the new E.ON and Iberdrola contracts (including cash escrowed until product delivery).
The PRIME Alliance standardized the first use case for Broadband-Powerline (BPL), the BPL Smart Meter Gateway solution, based on the ITU’s G.hn standard.
McKinsey Technology Council highlights the development, possible uses, and industry effects of advanced technologies.