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Tres Amigas

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The first common interconnection of america's three power grids to facilitate solar power in all regions

ArgentinaFounded 2009Energy
Valuation $50–100M Last recorded · 2011
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Tres Amigas

Tres Amigas LLC is a United States-based energy company established to develop the Tres Amigas SuperStation, a project conceived in 2009. The venture was initiated by CEO Phil Harris, the former chief executive of PJM Interconnection, the largest transmission balancing area in the world. His experience in high-voltage transmission projects in both China and Europe informed the creation of the SuperStation concept. The project's primary objective is to interconnect North America's three main power grids: the Eastern Interconnection, the Western Interconnection, and the Electric Reliability Council of Texas (ERCOT).

The core of the business model is to function as a merchant transmission hub, enabling the transfer and balancing of energy, particularly from renewable sources, between these disparate grids. By creating a marketplace for electricity, Tres Amigas aims to sell transmission capacity based on real-time market conditions, offering short- and medium-term pricing flexibility unlike traditional transmission operators who rely on long-term contracts. The company operates in the power and utilities sector, with a specific focus on clean technology and electric utilities. The ambitious project was designed to be constructed near Clovis, New Mexico, a strategic location where the three grids are in close proximity.

The proposed SuperStation was designed to utilize three high-voltage direct current (HVDC) converter stations linked by an underground DC superconductor cable, initially capable of transferring up to 5 GW of power. This infrastructure would allow for the buying and selling of electricity, such as wind power from eastern New Mexico, to high-demand markets like California. The project also incorporated plans for large-scale battery systems for energy storage and grid balancing. Despite its ambitious plans, the project faced significant hurdles, including the loss of a key interconnection agreement in 2015 and the relinquishing of property leases in 2017. However, in 2016, the company successfully developed and sold the 497MW Broadview wind project, which included the construction of the Western Interconnect transmission line as a first phase of its broader plan.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2009
Headquarters
Argentina
Employees
6
Open positions
None listed
Dealroom signal
22.3/100
Industry
Energy
Sub-industry
Clean Energy, Energy Providers
Sector
Energy, Solar Energy, Sustainable Development Goals, Climate Tech, Renewable Energy, Hard Tech
Client focus
b2c

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Dec 2011 $12M $48M Mitsui Global Investment —
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Growth signals

Tres Amigas website traffic

Latest recorded traffic for Tres Amigas is 390 monthly website visits, up 62.5% over the last three months. Tres Amigas's team grew 0% over the past year.

Latest monthly visits390 3-month web change+62.5% 1-year team growth0%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • Mitsui Global Investment
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇦🇷 Argentina HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Tres Amigas on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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