VEIR

VEIR is a technology company founded in 2019, based in Woburn, Massachusetts.

The company specializes in high-temperature superconductor (HTS) power transmission lines, aiming to enhance energy infrastructure for data centers, utilities, and renewable energy sectors. Their core product is a superconducting cable that utilizes evaporative cryogenic technology, allowing it to transmit 5–10 times more electrical power than conventional wires at the same voltage and within the same physical space. VEIR's first alternating current (AC) overhead product line supports capacities up to 400 megawatts and voltages up to 69 kilovolts, with plans to develop higher-power direct current (DC) lines in the future. The company focuses on delivering high-capacity, low-loss power transmission, which simplifies permitting, reduces infrastructure costs, and shortens siting time for new electric projects. VEIR's customers include AI-driven data centers, utility providers, and renewable energy developers, all seeking efficient solutions for their power needs. The company has raised over $110 million from notable investors, including the Microsoft Climate Innovation Fund and National Grid Partners.