US-based power grid company Tres Amigas secured $3m in financing on Tuesday, according to a filing with the US Securities & Exchanges Commission (SEC). The investment was part of a planned $15m round. The company is minority backed by Nasdaq-listed American Superconductor.
Tres Amigas hasn’t disclosed the investors in the round at present but signatories for the filing included board member Russell Stidolph, who is also on the board of private equity firm Alt Energy.
Tres Amigas is aiming to unite two major and one minor power grid into a single SuperStation, located in New Mexico, which would also create a power market hub enabling each of the grids to buy and sell energy from each other to meet their needs.