Laki Power receives RANNIS Technology Development Fund grant

Third time high-voltage line surveillance specialist receives grant from RANNIs

Laki Power, high-voltage transmission, RANNIS

Reykjavík, Iceland – 26 August 2020 – Laki Power, the world’s leading provider of innovative high voltage surveillance and real-time monitoring for transmission systems is pleased to announce it received a Technology Development Fund grant from RANNIS.

RANNÍS, the Icelandic Centre for Research supports research, innovation, culture and education in Iceland. The Technology Development Fund is competitive, issuing calls for proposals twice a year and supporting small to medium sized business with the intent of promoting research and development activities to foster innovation in Icelandic industry.

The Icelandic government has a strategic mission to support innovation in Iceland, with an emphasis on green businesses and climate related projects. Iceland's electricity production is already 100% renewable, positioning the country to lead the world in green innovation by further development of efficient and effective solutions that reduce impacts on the environment.

The grant will support pilot installments of Laki Power’s leading surveillance system and real-time analytics with TSOs across Europe and the United States.


About Laki Power

Laki Power is a leading provider of high voltage surveillance technology, real-time monitoring and analytics for transmission systems that transform the way line monitoring takes place for transmission system operators (TSOs) and distribution system operators (DSOs). Laki Power’s 24/7 real-time technology gives a complete picture of line performance and activity, dramatically enhancing the ability of TSOs and DSOs to optimise performance, reduce costs, increase safety and security, and improve resilience. Powered by a unique current harvesting system that sits directly on the phase wire, Laki Power’s technology provides continuous monitoring, enabling real-time insight into line health for customers at a fraction of the cost of existing solutions.

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About Rannis

The Icelandic Centre for Research (RANNIS) supports research, innovation, education and culture in Iceland. RANNIS cooperates closely with the  Icelandic Science and Technology Policy Council and provides professional assistance in the preparation and implementation of the national science and technology policy.

RANNIS reports to the Ministry of Education, Science and Culture and operates according to the Act on Public Support for Scientific Research.

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Bjorgvin Sigurdsson

CEO, Laki Power