News
Switched Source Secures $17M+ To Modernize Power Grid Capacity
FundingOctober 17, 2026, 9:32 pm
Switched Source secured over $17 million in critical funding, led by Cubit Capital, to revolutionize grid infrastructure. Their Phase-EQ technology dynamically balances power across distribution circuits, dramatically improving reliability and power quality. This innovation swiftly increases load-serving capacity by 10-25%, accommodating new demands like electric vehicles and heat pumps without expensive new construction. The investment scales Phase-EQ deployment across North America, expands manufacturing, and creates new jobs at its Chicago headquarters. This provides utilities with fast, cost-effective solutions. It's a game-changer for grid modernization, ensuring resilience and efficiency. The company offers a rapidly deployable alternative to traditional, slow system upgrades.
Switched Source secured vital capital. Over $17 million poured in. Cubit Capital led the investment round. Major players joined: ABB, Emerald Technology Ventures, Red Cedar Ventures. Southern States and Southwire Company also participated. This funding is strategic. It scales Phase-EQ deployment across North America. Manufacturing capacity will expand significantly. Production facilities will increase output. The company plans new roles. Manufacturing, quality, and supply chain positions are opening. Chicago headquarters gain new jobs. This investment fuels crucial grid modernization.
At its core is Phase-EQ. This is Switched Source’s flagship product. It is an automated power-flow control device. Its design targets electric distribution grids. The system dynamically balances power. It works across the three phases on utility circuits. This technology is intelligent. It helps utilities improve crucial grid metrics.
Benefits are substantial. Utilities improve system reliability. Power quality rises dramatically. Available load-serving capacity grows. Each Phase-EQ deployment is powerful. It enables service for 100 to 200 additional homes. New infrastructure construction is often avoided. This saves significant capital. Field data proves its worth. Active deployments show 10% to 25% increases. This is in load-serving capacity. The technology deploys fast. Installation takes 14 to 20 weeks from purchase. Conventional distribution infrastructure upgrades demand one to three years. Speed matters for today’s electric utilities.
The electric grid faces new pressures. Demand for electricity surges constantly. Electric vehicle charging loads spike. Heat pump adoption adds substantial stress. This creates uneven, volatile electricity demand. Traditional grids struggle to adapt. Phase-EQ offers a precise solution. It unlocks existing infrastructure capacity. It significantly improves grid flexibility. These are crucial grid-enhancing technologies (GETs). They offer non-wires alternatives to costly buildouts.
Utilities need modern tools. The grid transforms rapidly. Old solutions are slow, costly, and inflexible. Switched Source provides agility. Its approach is proven. Over 150,000 operating hours logged. It spans 12 utility service areas. Government programs recognize this value. A five-year, $99 million project is underway. The U.S. Department of Energy backs it. This Grid Resilience and Innovation Partnerships Program funds Phase-EQ deployment. Units will install in the Southeast. They will support storm restoration efforts. They rebalance power when feeders reconfigure. Service restoration becomes faster. Overload risks on constrained power lines diminish.
This investment drives critical progress. It accelerates power grid modernization. Utilities gain operational efficiency. Customer costs can remain affordable. The technology supports ambitious electrification goals. It builds a more resilient power grid. Energy security improves across regions. Communities benefit directly from these innovations. Faster upgrades mean quicker access to reliable power. Sustainable energy futures emerge. Switched Source empowers utility providers with effective solutions.
Switched Source demonstrates clear leadership. It pioneers innovative distribution automation solutions. The company began in 2016. Its core focus: unlocking existing infrastructure capacity. Improving grid flexibility remains its key mission. Continued development of new solutions is planned. This expands its utility offerings even further. The electric infrastructure demands continuous evolution. Switched Source is a vital part of that evolution. It provides essential tools for a dynamic energy landscape. Its Phase-EQ technology directly addresses a pressing need. The future of the power grid is now more flexible, more reliable. This makes homes and businesses more secure. The grid faces growing challenges. Switched Source delivers concrete, deployable answers. Its impact will be widespread. It strengthens North America's energy foundation. This is intelligent grid technology for a changing world.
Switched Source secured vital capital. Over $17 million poured in. Cubit Capital led the investment round. Major players joined: ABB, Emerald Technology Ventures, Red Cedar Ventures. Southern States and Southwire Company also participated. This funding is strategic. It scales Phase-EQ deployment across North America. Manufacturing capacity will expand significantly. Production facilities will increase output. The company plans new roles. Manufacturing, quality, and supply chain positions are opening. Chicago headquarters gain new jobs. This investment fuels crucial grid modernization.
At its core is Phase-EQ. This is Switched Source’s flagship product. It is an automated power-flow control device. Its design targets electric distribution grids. The system dynamically balances power. It works across the three phases on utility circuits. This technology is intelligent. It helps utilities improve crucial grid metrics.
Benefits are substantial. Utilities improve system reliability. Power quality rises dramatically. Available load-serving capacity grows. Each Phase-EQ deployment is powerful. It enables service for 100 to 200 additional homes. New infrastructure construction is often avoided. This saves significant capital. Field data proves its worth. Active deployments show 10% to 25% increases. This is in load-serving capacity. The technology deploys fast. Installation takes 14 to 20 weeks from purchase. Conventional distribution infrastructure upgrades demand one to three years. Speed matters for today’s electric utilities.
The electric grid faces new pressures. Demand for electricity surges constantly. Electric vehicle charging loads spike. Heat pump adoption adds substantial stress. This creates uneven, volatile electricity demand. Traditional grids struggle to adapt. Phase-EQ offers a precise solution. It unlocks existing infrastructure capacity. It significantly improves grid flexibility. These are crucial grid-enhancing technologies (GETs). They offer non-wires alternatives to costly buildouts.
Utilities need modern tools. The grid transforms rapidly. Old solutions are slow, costly, and inflexible. Switched Source provides agility. Its approach is proven. Over 150,000 operating hours logged. It spans 12 utility service areas. Government programs recognize this value. A five-year, $99 million project is underway. The U.S. Department of Energy backs it. This Grid Resilience and Innovation Partnerships Program funds Phase-EQ deployment. Units will install in the Southeast. They will support storm restoration efforts. They rebalance power when feeders reconfigure. Service restoration becomes faster. Overload risks on constrained power lines diminish.
This investment drives critical progress. It accelerates power grid modernization. Utilities gain operational efficiency. Customer costs can remain affordable. The technology supports ambitious electrification goals. It builds a more resilient power grid. Energy security improves across regions. Communities benefit directly from these innovations. Faster upgrades mean quicker access to reliable power. Sustainable energy futures emerge. Switched Source empowers utility providers with effective solutions.
Switched Source demonstrates clear leadership. It pioneers innovative distribution automation solutions. The company began in 2016. Its core focus: unlocking existing infrastructure capacity. Improving grid flexibility remains its key mission. Continued development of new solutions is planned. This expands its utility offerings even further. The electric infrastructure demands continuous evolution. Switched Source is a vital part of that evolution. It provides essential tools for a dynamic energy landscape. Its Phase-EQ technology directly addresses a pressing need. The future of the power grid is now more flexible, more reliable. This makes homes and businesses more secure. The grid faces growing challenges. Switched Source delivers concrete, deployable answers. Its impact will be widespread. It strengthens North America's energy foundation. This is intelligent grid technology for a changing world.