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Velox Power Sells Transmission Line Project to National Grid

Project Sale Transmission announced United States Mar 1, 2025
USD75M
Deal Value
500 MW
Capacity

Velox Power sold a 500 kV transmission line project to National Grid for $75 million. The project will enhance grid reliability and support the integration of renewable energy sources.

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Counterparts (2)

Seller
Velox Power
company · 1 deals
Velox Power Systems provides energy solutions, including forklift batteries, energy storage, chargers, and wireless charging systems. They focus on modularity, scalability, and connectivity for future-ready energy solutions.
Buyer
national grid
company · 1 deals
National Grid, acting as an offtaker, is involved in one verified solar energy deal. This deal is a 26.3 MW solar project in Taiwan. Further deal tracking is needed to establish broader activity patterns.

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Timeline

Announced
Mar 1, 2025
Signed
Closed

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Source

linxon.com
View Full Deal Details

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