AssetCool aims to improve the efficiency of power networks, and reduce power losses by up to 30%, with a photonic coating for power lines that helps them to manage temperature more effectively.
As electricity lines operate, their heat increases because of incoming solar radiation and the current running through them. This increased heat makes power lines less efficient. AssetCool’s solution is an easy-to-use durable coating for overhead power lines that improves their ability to reflect solar radiation while also allowing infrared heat to escape more easily. This creates extra network capacity by improving conductive efficiency resulting in up to 40% more power down the line and reduced carbon emissions.
Niall Coogan, SME Leader and CEO, is responsible for overseeing developments with the technology, while also focusing on industrial scale up, IP portfolio development and gaining commercial traction in key markets. He aims to use support from the SME Leaders Programme to develop leadership skills that will help with setting a clear strategic vision for a global business.
Training and support in effective management and communication skills will also help Niall to grow his team while directing technological and operational developments as AssetCool scales up to meet service market demand.