TS Conductor
Assembly Line
TS Conductor raises $60 million from industry-leading investors to expand US production of high-capacity power lines
TS Conductor (TS), a US-based manufacturer of advanced electric power lines, today announced the close of a $60 million growth investment round led by Wellington Management. The funds will be used to open a second US production facility, which is part of the company’s plan to greatly increase production of its high-performance conductors in response to strong customer demand.
The oversubscribed investment round also included Quanta Services, Gates Frontier, Energy & Environment Investment, Inc., Blue Earth Capital, and Edison International, and repeat investors National Grid Partners, Breakthrough Energy Ventures, and a subsidiary of NextEra Energy Resources.
To meet rapidly-growing demand for its advanced conductors, TS Conductor is expanding its production capacity. The company’s existing ISO-certified facility in Southern California is operating at near-full capacity, and plans are under consideration to increase this facility’s output in the near term. The bulk of this funding round, however, will support an ambitious expansion east of the Mississippi River.
Starwood Energy and TS Conductor Announce $100 million Joint Venture to Bring Energy Performance Contracting Approaches to Power Grid Infrastructure
Starwood Energy Group Global LLC, a leading private investment firm focused on energy infrastructure, and TS Conductor Corp., a pioneer in high-performance transmission and distribution wires for electricity grids, announced the creation of a $100 million joint venture, Gridline Finance InvestCo, LLC. The joint venture unlocks an innovative method for financing much-needed grid modernization, including reconductoring existing lines and building new lines, to accelerate the energy transition and integrate more renewable generation.