Private equity firm Starwood Energy and utility-focused startup TS Conductor have launched a $100 million joint venture to fix the nation's aging electric grid and clear a persistent clean-energy bottleneck.
Why it matters: The JV partners say that TS's carbon-fiber and aluminum cables for transmission and distribution lines can slash electricity losses by 50% while dramatically reducing construction costs.
Starwood is putting up the $100 million, a spokesperson tells Axios. The JV will be named Gridline Finance Investco.
