AssetCool is a Leeds‑based deep‑tech company that develops photonic coatings and robotic application systems to passively cool overhead power lines, increase conductor ampacity, and enable faster, lower‑cost grid capacity upgrades without replacing cables or uprating towers[1][3]. AssetCool combines materials science, power engineering and aerial robotics to deliver in‑field and in‑factory coatings (applied by its modular “CAPACITY‑1” robots) that utilities can use to relieve thermal constraints, reduce losses, and extend asset life while lowering emissions from grid upgrades[3][2].
High‑Level Overview
- Mission: AssetCool’s stated mission is to facilitate the energy transition by addressing grid congestion—enhancing capacity and resilience via surface engineering for overhead power lines[2][3].- Investment philosophy / Not applicable (AssetCool is a portfolio company / operating company rather than an investment firm).- Key sectors: Grid infrastructure, power transmission, climate/energy transition, deep materials and robotics for utilities[1][3].- Impact on the startup ecosystem: AssetCool represents a model of vertically integrated deep‑tech commercialization—combining chemistry, testing validation with utilities, and robotics—which demonstrates how complex physical infrastructure problems can be addressed by start‑ups and attract utility, institutional and climate‑tech investors[3][1].
For Product/Customers/Problem/Growth (portfolio company view)
- What product it builds: Photonic, thermally functional coatings for conductors and modular aerial robots (CAPACITY‑1) to apply them at scale in‑field or in‑factory[3][1].- Who it serves: Transmission and distribution utilities, grid operators, and lab/validation partners such as EPRI, Kinectrics, Hydro‑Québec and NEA[3].- What problem it solves: Thermal rating limits on overhead conductors that constrain capacity—AssetCool’s coatings lower conductor operating temperatures to increase ampacity, avoid costly reconductoring or tower reinforcement, reduce energy losses, and defer capital‑intensive grid upgrades[1][3].- Growth momentum: The company reports deployments across three continents with 15+ utilities and lab partners, recent Series A funding rounds (variously reported around £10M / several million USD totals), and industry recognition including winning Free Electrons “Start‑Up of the Year 2025,” indicating accelerating commercial traction[3][4][1].
Origin Story
- Founding year: AssetCool was founded in 2016[1].- Founders and backgrounds / key team: The company is led by co‑founder and CEO Dr. Niall Coogan and a team of doctoral engineers and scientists working across mechatronics, chemistry and power engineering; the firm emphasizes vertical integration of material science, power engineering and robotics[2].- How the idea emerged: AssetCool grew from technical work on conductor surface engineering and thermal management for overhead lines—combining nanotechnology/coating formulation with robotics to solve the practical challenge of retrofitting existing lines at scale[1][2].- Early traction / pivotal moments: Early validation includes lab partnerships and utility pilots with organizations such as EPRI, Kinectrics and Hydro‑Québec; subsequent field deployments, investor support from Innovate UK and climate‑tech investors, and a Series A to scale robotic application capability were pivotal to commercialization[1][3][4].
Core Differentiators
- Proprietary coating chemistry: Photonic/thermal coatings engineered to passively reduce conductor temperatures and slow ageing, enabling higher ampacity without hardware replacement[1][3].- Integrated robotics for large‑scale retrofit: CAPACITY‑1 modular robots designed for rapid, reusable aerial coating application to minimize line downtime and scale deployments across long spans[3].- Vertical integration and cross‑discipline expertise: In‑house combination of materials R&D, power systems validation and mechatronics for end‑to‑end solution delivery[2].- Utility‑grade validation and partnerships: Validations and pilots with major labs and utilities (EPRI, Kinectrics, Hydro‑Québec, NEA) lend technical credibility and reduce commercial adoption friction[3].- Speed and regulatory compatibility: Claims of fast deployment and compatibility with existing regulatory and financing models aim to lower barriers compared with infrastructure replacement programs[3].
Role in the Broader Tech Landscape
- Trend alignment: AssetCool rides the converging trends of urgent grid decarbonization needs, constrained transmission build timelines, and increased focus on cost‑effective grid flexibility solutions[3][1].- Why timing matters: Many grids face near‑term capacity constraints from electrification and renewables; non‑wires alternatives that unlock existing asset capacity can deliver faster, cheaper relief than new lines or reconductoring[3][1].- Market forces in their favor: Growing renewable integration, electrification demands, and utility interest in lowering capital and permitting hurdles create demand for retrofittable, low‑disruption solutions[3].- Influence on ecosystem: If widely adopted, AssetCool’s approach could shift some grid upgrade strategies toward surface engineering and robotic retrofits, creating new supply chains (coatings + robotics), standards work, and service models for utilities and contractors[3][1].
Quick Take & Future Outlook
- What’s next: Near‑term priorities likely include scaling global deployments (expand CAPACITY‑1 fleet), converting pilots into long‑term utility contracts, expanding manufacturing and supply chains for coatings, and pursuing regulatory/standards acceptance through broader field data[3][4].- Trends that will shape their journey: Pace of electrification and renewables integration, utility capital allocation preferences, regulatory openness to novel uprating methods, and proven long‑term durability/cost metrics from field programs will determine adoption speed[3][1].- How influence may evolve: With successful scale and cost reductions, AssetCool could become a standard non‑wires upgrade option—reducing the need for some reconductoring projects, enabling faster renewable integration, and spawning competitors/partners in coating chemistry and robotic application services[3][1].
Quick take: AssetCool addresses a specific, high‑impact infrastructure bottleneck with a combined chemistry + robotics solution that is technically differentiated and showing early utility validation; its future hinges on scaling robotic application, long‑term field performance data, and broad utility/regulatory adoption to convert pilots into large‑scale grid upgrades[3][1][4].
