MetOx International – a leading U.S.-based developer and manufacturer of high-temperature superconducting (HTS) wire – announced the closing of a $25 million Series B Extension. And as part of this funding, we welcome several marquee investors, including an energy-focused family office, Centaurus Capital, and premier climate and energy transition-focused venture firm New System Ventures (NSV). This funding signals strong investor confidence in the company’s rapid scale-up of its Xeus HTS wire technology for key energy transition applications.
Centaurus Capital is a family office focused on energy and infrastructure investments, focusing on helping 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.
MetOx’s manufacturing technology enables the commercial production of HTS wire, positioning the company at the forefront of the energy transition. This funding 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 transforming critical sectors in energy like 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. And by continuing to innovate 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.
KEY QUOTES:
“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. 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.”
-Bud Vos, CEO of MetOx
“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.”
-John Arnold, Founder of Centaurus
“MetOx’s HTS technology aligns with our systems-level research and offers a unique opportunity to dramatically accelerate the energy transition. 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.”
-Ian Samuels, Founder and Managing Partner at NSV
