SUNYA Energy

MetOx International raises $25mm Series B extension from investors including John Arnold and New System Ventures

September 23, 2024
SUNYA Summary
- MetOx International has successfully closed a 25 million dollar Series B Extension for expansion. - The funding involves several notable investors, including Centaurus Capital and New System Ventures. - This investment reflects strong confidence in MetOx's ability to scale its Xeus HTS wire technology for energy transition applications. - MetOx's proprietary technology enables commercial-scale production of high-temperature superconducting wire. - The additional capital will enhance U.S.-based manufacturing capabilities to meet growing demand for HTS solutions. - High-temperature superconductors are vital for energy sectors like efficient transmission and distribution, wind turbines, and fusion energy systems. - MetOx aims to provide transformative solutions for diverse applications, including energy infrastructure, medical devices, and aerospace. - The funding is a key step towards improving the efficiency of the electric grid and enabling advancements that rely on superconductor technology. - Centaurus Capital's support emphasizes the growing market for HTS and MetOx's potential as a leading HTS producer in the U.S. - New System Ventures highlights the alignment of MetOx's technology with efforts to accelerate the energy transition. - MetOx is headquartered in Houston, Texas and specializes in high-temperature superconducting wire manufacturing. - Centaurus focuses on energy and infrastructure investments promoting sustainable energy solutions. - New System Ventures invests in companies driving decarbonization and innovation in energy and industry.
PRESS RELEASE
MetOx International Secures Additional Capital for Expansion, Welcomes Strategic Investor:

HOUSTON, Sept. 23, 2024 /PRNewswire/ -- MetOx International, Inc. (MetOx), a leading U.S.-based developer and manufacturer of high-temperature superconducting (HTS) wire, today announced the successful close of a $25 million Series B Extension. As part of this funding, we welcome several marquee investors including energy-focused family office, Centaurus Capital and premier climate and energy transition-focused venture firm New System Ventures (NSV). This investment signals strong investor confidence in the company's rapid scale up of its Xeus™ HTS wire technology for key energy transition applications.

MetOx's proprietary manufacturing technology enables production of HTS wire at commercial scale, positioning the company at the forefront of the energy transition. This investment will support the expansion of the company's U.S.-based manufacturing capabilities, enabling MetOx to meet rapidly growing domestic and global demand for HTS solutions.

High temperature superconductors are revolutionizing critical sectors in energy such as highly efficient transmission and distribution - including for data center applications - as well as next generation wind turbines and interconnections, and the high field magnets required for magnetic containment fusion energy systems. By continuing to innovate and scale in HTS, MetOx aims to deliver transformational solutions that enhance this energy infrastructure and support emerging applications such as medical devices, aerospace and defense sectors where its lightweight, high-power solutions present unique advantages.

"This funding marks a pivotal step in our mission to revolutionize the energy and technology sectors with our advanced power delivery technology and accelerate delivery for our customers and partners. HTS is critical to enhancing the efficiency of our electric grid and enabling technological developments that, in many cases, would not be viable or even possible without superconductor technology," said Bud Vos, CEO of MetOx. "Support from investors such as Centaurus and NSV not only provides the financial resources and strategic support required for accelerated scaleup, but also validates the broad reach of our technology across energy, data center, medical, and defense industries."

John Arnold, Founder of Centaurus, added, "MetOx has developed a robust and highly scalable operation, and we are thrilled to partner with the Company as it enters this pivotal growth stage. The market for HTS is expanding at an unprecedented pace, with demand for HTS far outweighing supply. MetOx is poised to be the leading U.S. HTS producer, closing the supply gap and bringing dramatic capacity to high power innovations and applications. Their progress and potential are unmatched in the field, and we are proud to support their growth."

"MetOx's HTS technology aligns with our systems-level research and offers a unique opportunity to dramatically accelerate the energy transition," said Ian Samuels, Founder and Managing Partner at NSV. "MetOx's Xeus wire stands to be a force multiplier in clean energy generation and high-power transmission and distribution, enabling load growth and the deployment of power-dense data centers. NSV is excited to support MetOx as it scales domestic manufacturing capacity."

About MetOx, Centaurus, and New System Ventures

MetOx is a developer and manufacturer of high-temperature superconducting wire. Leveraging proprietary production technologies, MetOx is accelerating its manufacturing scale up to provide HTS solutions for energy transmission, wind power, fusion energy, medical applications, aerospace and defense. MetOx is headquartered in Houston, Texas, USA. Learn more at www.metoxtech.com or connect with MetOx on LinkedIn @metox-international

Centaurus Capital
Centaurus is a family office focused on energy and infrastructure investments, with a focus on supporting companies that contribute to a sustainable energy future.

New System Ventures (NSV) invests in the world's leading companies accelerating decarbonization and innovation across mobility, energy and industry.

Media Contacts:            

Naomi Le Bihan
[email protected]
www.metoxtech.comMathilde Beniflah 

[email protected] 


www.newsystemventures.com

SOURCE MetOx International, Inc.