MetOx International – a U.S. leader in High Temperature Superconducting (HTS) technology – announced the closing of its Series B funding round, securing an additional $15 million from a strategic syndicate of investors, such as Duquesne Family Office, Piedmont Capital, Crosscut Ventures, New System Ventures, John Doerr’s Family Office together with Ryan Panchadsaram, among others.
This funding completes the Series B extension, bringing the total to $40 million in expansion capital to the company and supporting MetOx’s growth momentum as it scales to meet surging market demand and expand its domestic production of this vital technology.
This strategic capital injection will contribute to building additional high-capacity HTS manufacturing facilities in the U.S., establishing a new benchmark for production efficiency, scale, and security. And as HTS technologies becoming increasingly critical to advancing renewable energy generation, grid expansion and modernization, and powering energy-intensive industries such as hyperscale data centers, AI and fusion energy – MetOx’s expansion is poised to play a key role in strengthening the nation’s infrastructure.
This latest funding round follows an announced $80 million Department of Energy (DOE) grant awarded to MetOx to advance clean technology manufacturing. This dual infusion of capital positions MetOx to significantly expand its domestic HTS production capabilities, fostering innovation, high-quality skilled job creation, and a more resilient HTS supply chain.
KEY QUOTES:
“We are thrilled by the confidence our strategic investors have placed in MetOx, particularly as we accelerate our efforts to scale HTS manufacturing capacity here in the U.S. This critical new funding allows us to continue building a robust supply chain for HTS technology, ensuring the U.S. becomes a global leader in advanced superconducting solutions.”
– Arthur (Bud) Vos, President and CEO of MetOx
“MetOx’s vision to revolutionize the HTS market aligns well with our commitment to transformative technologies and infrastructure. We believe MetOx is uniquely positioned to meet the growing demands of the U.S. market, and we’re proud to support them in this next phase of their journey.”
– Robert Long of Piedmont Capital
“MetOx is addressing a crucial gap in domestic clean energy supply chains, and we are excited to continue to support the team as they drive forward with cutting-edge HTS technology and domestic manufacturing. This partnership strengthens our commitment to sustainable, scalable innovation in the United States including in clean energy generation and high-power transmission and distribution, enabling load growth and the deployment of power-dense data centers.”
– Ian Samuels of New System Ventures, a prominent investor in energy transition technologies
