Investor Relations

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Addressable market for core BPL utility products
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Revenue CAGR 2023 - 2027 based on signed contracts
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Sales pipeline with established relationships
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Successful deliveries with over 20 customers
Investment Highlights
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Investment highlights

New demands on the grid create financial opportunity

  • Distributed generation, EVs, and storage require high bandwidth and intelligence for grid management
  • $260 billion has already been invested in large electricity devices like EVs, battery storage and prosumer solar; all of which require broadband solutions
  • Intelligently connecting billions of new electricity devices is the next big investment opportunity for decarbonization

Corinex is the market leader with the largest BPL field deployments

  • Corinex is deploying its standardized BPL smart grid solution as part of the largest BPL deployment with Europe's leading energy distributors
  • 20+ customers include 3 of the 10 largest European utilities
  • The first company to resolve BPL's technological challenges, enabling its mass adoption as a market leader

Advantages of Corinex BPL over competing technologies

  • Corinex BPL is faster and more cost-effective than competing technologies
  • High speed communication, edge computing, security, network coverage and lower cost in one integrated solution proven in the field
  • Corinex solution can scale up to five million nodes on a single software platform, managing country-wide deployments
  • A complete end-to-end product and software solution that integrates distributed energy devices and provides real-time energy data, analytics, and predictive models

Standardized technology supported by regulatory mandates

  • Regulatory mandates require utilities to provide detailed, real-time information to prosumers
  • In 2022, PRIME Alliance standardized BPL for deployment based on ITU's G.hn protocol
  • Corinex is leading standardization of the EV and V2G ecosystem within the BPL PRIME Alliance and contributing to (Germany’s automotive group)

Growing financial opportunity

$175 billion market opportunity across public power and cooperative utilities

Energy technologies have significantly evolved since the first cleantech investment craze launched in the early 2000s with a small cadre of venture capitalists. Today, with a new wave of clean energy investment hitting $175 billion, broadband solutions with distributed intelligence and high bandwidth are required to connect billions of newly added electricity devices, achieve smartification and prevent decarbonization.

Comparative advantages over competing technologies

Faster and more cost-effective than competing technologies

Power grids are changing. The move to electric vehicles (electrification), and installation of prosumer renewables (decentralization) require far more energy data and transmission speed to ensure the reliability of the grid. Smart grid communication is in transition from narrow to broadband communication. Corinex' complete solution for digitalizing electric grids enables end-to-end control of grid communications with high data transmission speed, and the cost per transaction using Corinex' BPL communication will be significantly lower than that of many competing technologies.

Industry driving regulatory mandates

Standardized G.hn networking protocol designated by ITU

Corinex’ latest field-proven products are based on G.hn., the current networking standard of the International Telecommunications Union (ITU), which is compatible with internet protocol version 6 (IP v.6). This protocol is endorsed for standardized BPL applications by the Powerline Intelligent Metering Evolution (PRIME) Alliance, an association of leading utilities and suppliers. Corinex products based on this protocol are capable of high bandwidth and cyber-secure operations.

Cash-positive with only new E.ON contract

The only vendor capable of meeting the requirements of E.ON for the largest BPL deployment

Corinex was chosen to partner with E.ON, a leading European investor-owned energy company that serves approximately 50 million customers, as a result of its capability to offer broadband communication, computation, and security in one integrated solution. With a sales pipeline of over 500M in total, Corinex could be cash-positive with only the new E.ON and Iberdrola contracts (including cash escrowed until product delivery).

Industry reports and company presentations

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