Company Overview
Snapshot
Founded in August 2009 by Yoram Valent and Roy Iscovitsch, GridON operates with 1–10 employees. The company has secured $9.18 million in total capital across four funding rounds. In June 2013, GridON's commercial Fault Current Limiter was successfully installed and commissioned at a UK Power Networks substation, demonstrating its operational readiness and impact on grid reliability.
Business overview
GridON develops a commercial, saturated, core-based fault current limiter (FCL) designed to mitigate damaging fault currents on electricity distribution and transmission grids. Its core technology ensures uninterrupted operation and network stability by suppressing power surges. This solution enables increased electricity supply, facilitates the connection of renewable and distributed generation sources, and enhances grid interconnectivity without requiring costly network upgrades. GridON's FCL aims to reduce capital expenditures, lower operating costs, and extend the useful life of existing network assets, primarily serving the energy, utilities, and electricity sectors.
Strategic signal
In June 2013, GridON's commercial Fault Current Limiter was successfully commissioned at a UK Power Networks substation, a significant milestone demonstrating the practical application and effectiveness of its technology. This event signals to investors and innovation teams that GridON's solution is not only viable but also capable of enhancing grid capability and reliability, supporting the integration of low-carbon generation, and potentially reducing system upgrade costs for utility companies.
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- What is GridON's core technology?
- GridON develops 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 installed and commissioned into service at a UK Power Networks substation, increasing network capability and reliability.
- What was the strategic importance of GridON's partnership with Wilson Transformer Company?
- In August 2011, GridON's strategic partnership with Wilson Transformer Company was highlighted as a key factor for the development and market penetration of its fault current limiter, the Keeper, particularly in preventing power breakdowns and protecting against multiple faults.