News Summary

• VEIR has now raised $225 million in total.
• Superconducting cables carry electricity with almost no resistance when they are cooled to very low temperatures.
• VEIR’s systems combine the cables with cryogenic cooling, controls, termination units and monitoring.
• The company says the systems move much more power through a smaller space than copper.
• In September, TAR raised $120m in a Series A round to build off-grid power for AI.
• In June, US regulators ordered a grid fast lane for data centres.