CTC Global, an Irvine, CA-based company which specializes in engineering and manufacturing advanced conductor cores for high-voltage transmission cables, received a strategic investment from Endeavour Capital and Greenbelt Capital Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its business reach.
Led by CEO J.D. Sitton, CTC Global Corporation developed, tested and produces the composite core used in ACCC® Bare Overhead Conductors. It works in association with 35 international stranding partners, leverages advanced carbon fiber technology to help improve the efficiency, capacity, reliability and resiliency of electric power grids worldwide. The ACCC® Conductor offers strength, higher capacity and lower line losses compared to any other bare overhead conductor on the market today. Line loss reductions range from 25 to 40% or more. Reduced line losses not only reduces fuel consumption and associated emissions, it also frees up generation capacity that is otherwise wasted.
Commenting on the news, J.D. Sitton said: “Partnering with Endeavour and Greenbelt will enable CTC’s team to do more of what it loves to do – helping utilities around the world improve the efficiency, capacity, reliability, and resiliency of their increasingly strained electric power grids. This partnership will allow CTC to accelerate the adoption of advanced conductors globally and to introduce critical new technologies for a more sustainable energy future.”
FinSMEs
13/02/2024