EGM

About EGM

Electrical Grid Monitoring (EGM) operates as an energy technology firm, established in December 2007, providing advanced monitoring and analytics for electrical grids. The company is headquartered in Israel, with a U.S. subsidiary, EGM, Inc., located in Los Angeles, California. Its primary clients are electric utility companies, which it serves by offering solutions to modernize transmission and distribution (T&D) networks. EGM's business model centers on selling its integrated hardware and software systems that enable power utilities to transition from static, legacy grids to digitized, dynamic networks.

The company was founded by Amir Cohen, who also serves as the CEO of the parent company, EGM Ltd. Dr. Alex Levran leads the U.S. operations as CEO of EGM, Inc. A significant milestone was achieved in November 2021 when EGM secured $17.5 million in a funding round led by Energy Growth Momentum, a capital fund focused on energy-related digital technologies. This investment was aimed at accelerating market penetration in the United States and Europe, supporting global grid modernization and the adoption of renewable energy. Additionally, EGM has formed a strategic alliance with the Israel Electric Corporation (IEC), which included a $1M investment from IEC in January 2022, underscoring the validation of its technology.

EGM's core offering is the Meta-Alert® system, a sensory and analytics platform. This platform utilizes advanced sensors to measure over 20 electrical, physical, and environmental parameters in real-time for power lines ranging from 4kV to 800kV. The collected data is processed through proprietary algorithms to provide actionable insights. Key features include highly accurate fault location detection, which helps reduce operational and maintenance costs by minimizing manual line patrols. The system also facilitates Dynamic Line Rating (DLR) and Ambient Adjusted Rating (AAR) to optimize the capacity of existing infrastructure, potentially deferring costly upgrades. Furthermore, the platform supports the integration of Distributed Energy Resources (DERs) like solar and wind by monitoring their impact on the grid. Other applications include wildfire mitigation, vegetation encroachment detection, and identifying equipment failure signatures. By converting raw data into predictive insights, the Meta-Alert® system helps utilities improve grid reliability and resiliency, manage power quality issues arising from EV charging, and reduce system-wide costs.