HOUSTON, Dec. 12, 2024 ~ Houston, Texas - MetOx International, Inc. (MetOx), a leading U.S. company in high-temperature superconducting (HTS) technology, has recently announced a significant investment from Elemental Impact, a renowned climate-focused investment platform. This strategic funding will support the expansion of MetOx's production line in Houston and the deployment of its cutting-edge Xeus™ HTS wire, a technology that is expected to revolutionize power delivery and critical energy infrastructure.

Elemental Impact is a non-profit investor with over 15 years of experience in scaling innovative technology projects with deep climate and community impact. The organization has a track record of investing in more than 160 companies across various sectors such as energy, agriculture, transportation, industry, and nature-based solutions. Supported by over 40 philanthropic and government funders, Elemental Impact works closely with other funds to mobilize capital from different sources to drive progress in climate solutions.

Danya Hakeem, Vice President of Portfolio at Elemental Impact, emphasized the significance of this investment for America's energy future. "Building domestic manufacturing capacity for critical grid technologies is crucial for our country's energy security," she said. "MetOx's expansion in Houston showcases how we can advance grid modernization while creating quality manufacturing jobs. Their technology represents the kind of innovation needed to unlock the next wave of clean energy deployment."

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Bud Vos, CEO of MetOx, expressed his excitement about this partnership with Elemental Impact. "We are thrilled to have their support as it affirms our vision and propels us towards large-scale production of Xeus Wire," he said. "Together, we are laying the groundwork for breakthroughs that will drive scalable renewable energy and essential infrastructure solutions."

This investment in MetOx is part of Elemental Impact's broader strategy to expand its platform and meet the evolving needs of climate entrepreneurs. As a national implementation partner for the Environmental Protection Agency's (EPA) $27 billion Greenhouse Gas Reduction Fund, Elemental Impact has received $100 million to deploy later-stage commercialized technologies. This positions the organization to drive significant progress in climate technology development and deployment.

The partnership between Elemental Impact and MetOx represents a powerful combination of innovative technology and strategic investment, poised to accelerate the transition to a more sustainable and resilient energy future. With this investment, MetOx is well-positioned to continue its leadership in HTS wire manufacturing and contribute to groundbreaking advancements in renewable energy, fusion energy, high-field magnets, and the electrification of tomorrow's grid.

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