GridON

Company Overview

Snapshot

Founded in August 2009 by Yoram Valent and Roy Iscovitsch, GridON operates with 1–10 employees. The company has secured $9.18M in total capital across four funding rounds. In June 2013, GridON's commercial Fault Current Limiter was successfully put into service at a UK Power Networks substation, marking a significant operational milestone.

Business overview

GridON develops a commercial, saturated, core-based fault current limiter (FCL) designed to mitigate damaging fault currents in distribution and transmission grids, ensuring uninterrupted operation and network stability. This technology enables increased power supply, facilitates the connection of renewable and distributed generation sources, and enhances grid interconnectivity without requiring expensive network upgrades. The company's FCL solution helps lower capital expenditures, reduce operating costs, and extend the lifespan of existing network assets, serving the energy tech sector and electric utilities globally.

Strategic signal

In June 2013, GridON achieved a significant commercial validation with the deployment of its Fault Current Limiter at a UK Power Networks substation. This event demonstrated the practical application and operational readiness of GridON's technology within a live grid environment, signaling to investors and the industry its capability to deliver solutions that enhance grid stability and integrate renewable energy sources.

Company Intelligence Q&A

What is GridON's core technology?

GridON offers a commercial, saturated, core-based fault current limiter (FCL) designed to suppress damaging fault currents on distribution and transmission grids, ensuring uninterrupted operation and network stability.

When was GridON founded and by whom?

GridON was founded in August 2009 by Yoram Valent and Roy Iscovitsch.

What was a key operational milestone for GridON?

In June 2013, GridON's breakthrough commercial Fault Current Limiter was successfully put into service at a UK Power Networks substation.

Has GridON received any grants?

In July 2017, GridON received a grant from EU Horizon 2020. Additionally, in November 2010, the company received a grant with General Electric as an investor.

What markets does GridON serve?

GridON serves geomarkets including Israel, Australia, the United Kingdom, and globally, focusing on electric utilities within the energy, utilities, and waste management sectors.