Santander Alternative Investments Backs Corinex to Transform Smart Grid Solutions

In a significant move to advance smart grid technologies, Corinex, a leading global provider of broadband over power line (BPL) and other innovative energy solutions, has secured strategic funding from Santander Alternative Investments. This investment aims to expedite the deployment of Corinex's network transparency solutions, aiding utilities across Europe and North America in overcoming emerging challenges related to electrification, the integration of decentralized energy resources (DER), and renewable energy adoption.

Partnership Significance

As per Corinex CEO Peter Sobotka, the entry of Santander as an investor marks a pivotal milestone for the company. Their extensive expertise and leadership in the European and Latin American markets position them as a valuable partner, allowing Corinex to scale its technology to better support utilities as they navigate the pressing demands of electrification and decarbonization. This involvement reflects a broader commitment to enhancing energy infrastructure in alignment with sustainability goals.

Pioneering Smart Grid Technology

Corinex's next-generation grid digitization solutions leverage BPL technology to transform existing electric infrastructure into a high-speed data network paired with a real-time monitoring platform. By embedding intelligent sensors, communication modules, and control applications directly into the low-voltage network, Corinex empowers utilities to gather precise, detailed data about network conditions, including voltage, frequency, power quality, and harmonic distortion, without relying on separate telecommunication setups.

Beyond mere monitoring, Corinex's smart grid solutions facilitate direct control over connected devices such as electric vehicle chargers, heat pumps, and battery systems. This capability automates demand-side management from secondary substations, enabling utilities to dictate when and how these low-carbon technologies consume electricity, enhancing grid stability while avoiding costly upgrades.

In essence, Corinex not only facilitates demand response but also enables utilities to explore new pathways for enhancing grid stability, reducing operational costs, and postponing expensive infrastructure enhancements. This dual capability addresses the growing demand for flexible smart grids increasingly vital for modern energy contexts.

Meeting the Demand for Flexible Smart Grids

The capital raised through Santander’s investment will bolster Corinex's capacity to quickly scale its grid digitization solutions. This move is instrumental for utility companies striving to overcome local grid limitations by providing essential transparency and direct control over energy demand at the grid's edge. The innovative offerings from Corinex play a crucial role in ensuring widespread consumer engagement in decarbonization efforts.

With the rising prevalence of electric vehicles, heat pumps, and rooftop solar installations, Corinex enables energy providers to actively manage this new complexity in real-time, alleviating stress on the grid while delaying costly infrastructure upgrades. Supported by a growing suite of interoperable products and a strong presence among major utilities, Corinex is committed to developing a more resilient, adaptable, and digitally-connected energy system.

About Corinex

Corinex stands as a prominent provider of BPL technology, focusing on transparency and flexibility solutions. Utilizing the G.hn standard, Corinex enables utilities to transmit high-speed data over existing power lines, significantly reducing the need for extensive telecom infrastructure. Its solutions are currently implemented in large-scale projects across Europe, facilitating the integration of renewables while addressing the increasing demand for electric vehicle charging infrastructures.

About Santander Alternative Investments

Santander Alternative Investments, part of Santander Asset Management, specializes in alternative investments, managing nearly €3 billion across private debt, real estate, infrastructure, and renewable energy sectors, as well as fund of funds. The company employs a team of 70 professionals, with 30 actively engaged in investment teams, all working diligently to create impactful investment strategies. As of June 30, 2025, this expertise will be pivotal in driving Corinex’s next growth phase amidst the rapidly evolving energy landscape.

For more information, visit Corinex.