About Veir
VEIR focuses on enhancing electric transmission through superconducting power lines that utilize evaporative liquid nitrogen for cooling. This technology enables the transmission of 5 to 10 times more power than traditional lines at the same voltage, improving the capacity of existing transmission corridors and reducing the need for new infrastructure. The primary customers are utility companies and energy providers seeking to upgrade their systems to meet increasing electricity demands while promoting decarbonization and grid resilience. VEIR's business model includes the development, installation, and maintenance of these advanced lines, offering a solution that minimizes power loss and aligns with sustainability goals. The company aims to transform the electric transmission landscape by providing high-capacity, low-loss solutions that support the clean energy transition.