VEIR, a company developing a new approach to using High Temperature Superconductors (HTS) for electricity transmission, today announced $10 million in Series A financing and debuted a new architecture for high-voltage superconducting transmission lines to transform the grid. The company's Series A investment was led by Breakthrough Energy Ventures (BEV), with participation from existing investor Congruent Ventures and new investor The Engine. The financing brings the company's total funding to date to more than $12 million.

VEIR is enabling reliable, cost-effective HTS transmission over very long distances through narrow rights-of-way, connecting lowest cost renewable resources to where they're needed, when they're needed. Its passive, evaporative cryogenic cooling delivers 20 times the cooling power per kilogram of nitrogen flow compared to mechanical subcooling. The future isn't just cleaner, it's affordable. To learn more, please visit http://www.VEIR.com