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Santander's Strategic Investment in Corinex

On September 5, 2025, Corinex, a frontrunner in smart grid technologies and broadband over power line (BPL) solutions, announced a significant investment from Santander Alternative Investments. This move is set to propel the deployment of Corinex’s groundbreaking grid visibility and flexibility solutions, ensuring the company can continue its expansion while aiding utilities across Europe and the Americas in navigating the complexities of electrification, decentralized energy resources (DERs), and the integration of renewable energies.

Peter Sobotka, the CEO of Corinex, commented on this milestone, highlighting that having Santander as an investor brings valuable leadership and expertise that are crucial for scaling their technology. As utilities face mounting demands related to electrification and decarbonization, this partnership is expected to pave the way for innovative solutions that meet these challenges head-on.

Transforming the Electrical Grid with Integrated Intelligence

Corinex is at the forefront of transforming traditional electrical grids into sophisticated digital networks capable of real-time monitoring. Utilizing BPL technology, the company's digital solutions convert existing electrical infrastructure into a high-speed data network, significantly enhancing grid operations. By embedding smart sensors and communication modules within the low-voltage power grid, utilities can monitor grid conditions such as voltage, frequency, power quality, and harmonic distortion without the need for a separate telecommunications setup.

However, Corinex's offerings extend beyond simple monitoring. They provide utilities with robust tools for managing connected devices such as electric vehicle chargers, heat pumps, and battery systems. This level of control allows for automatic demand-side management directly from substations, enabling utilities to optimize energy use, improve grid stability, and avoid the high costs associated with infrastructure upgrades.

In essence, Corinex not only equips utilities with demand response capabilities but also empowers them with demand control, a feature that enhances grid resilience and operational efficiency.

Addressing the Increasing Necessity for Flexible Smart Grids

The capital raised through Santander Alternative Investments will be instrumental in furthering Corinex's efforts to scale its grid digitalization solutions. The company aims to address the localized constraints that utilities face by offering comprehensive visibility and control over energy demand at the grid's periphery. Corinex’s technologies are vital for enabling widespread consumer participation in decarbonization efforts.

As adoption rates for electric vehicles, heat pumps, and rooftop solar panels rise, utilities need tools to effectively manage this added complexity in real-time. Corinex's solutions help alleviate the strain on the grid while pushing back the need for costly infrastructure upgrades. With a growing suite of interoperable products and a solid reputation among major utilities, Corinex is central to creating a more resilient, adaptable, and digitally connected energy system.

About Corinex

Corinex has established itself as a leader in BPL technology, specializing in solutions that enhance grid visibility and flexibility. By utilizing the G.hn standard, the company enables utilities to transmit high-speed data over existing power infrastructure, which significantly reduces the need for extensive telecom investments. Corinex's solutions have been successfully implemented in large-scale initiatives across Europe, facilitating the integration of renewable energy sources and addressing the increasing demands for electric vehicle charging.

About Santander Alternative Investments

Santander Alternative Investments, part of Santander Asset Management, focuses on alternative investments and manages nearly €3 billion across various sectors including Private Debt, Real Estate, Infrastructure, and Renewable Energy. With a team of 70 professionals, 30 of whom are dedicated to investment strategies, Santander is well-equipped to propel innovative projects like Corinex's.

This strategic collaboration underscores the critical role that advanced grid solutions play in modern energy systems, bringing us closer to a sustainable future.