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Novinium
Novinium is the only full-service power cable expert that delivers unbeatable reliability in the most capital-efficient and environmentally sustainable way.
About Novinium
Novinium specializes in cable rejuvenation services, primarily serving utility companies by extending the life of underground power cables. Operating in the energy sector, Novinium's business model focuses on providing a cost-effective alternative to cable replacement through its proprietary silicone fluid injection technology. This process improves the dielectric strength of cable insulation, thereby enhancing the reliability and lifespan of underground distribution systems. By investing in Novinium's services, utilities can reduce operational and maintenance expenditures while minimizing environmental impact. The company emphasizes safety and quality, offering extensive training programs to ensure best practices are followed. Novinium is committed to diversity and inclusion, maintaining a workforce that reflects these values. The company generates revenue by offering a range of services, including cable rejuvenation, replacement, and assessment, tailored to meet the specific needs of its clients.
Source: Dealroom company dataAt a glance
- Founded
- 2003
- Headquarters
- Kent, United States
- Sector
- Energy
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
ClearSky
Source: Dealroom Talent Intelligence.
Global footprint
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