CTC Global Receives Strategic Investment to Revolutionize High-Voltage Transmission Cables

CTC Global, a leading engineering and manufacturing company specializing in advanced conductor cores for high-voltage transmission cables, has recently received a strategic investment from Endeavour Capital and Greenbelt Capital Partners. This investment will enable CTC to further develop and expand its cutting-edge ACCC® Conductors, which have already been successfully installed in over 1,250 projects across 60 countries by more than 250 utilities.

The ACCC® Conductor, the flagship product of CTC, is at the forefront of modernizing aging utility grid infrastructure and reducing greenhouse gas emissions globally. With their advanced carbon fiber technology, these conductors significantly increase electrical capacity, improve efficiency, and decrease thermal sag compared to traditional transmission conductors. In fact, the ACCC® Conductor has been independently certified for its ability to reduce CO₂ emissions, making it a crucial solution in the pursuit of a more sustainable energy future.

J.D. Sitton, CEO of CTC, expressed excitement about the partnership with Endeavour and Greenbelt, stating that it will allow CTC to accelerate the adoption of advanced conductors globally and introduce critical new technologies. By partnering with utilities around the world, CTC aims to improve the efficiency, capacity, reliability, and resiliency of their electric power grids.

The strategic investment from Endeavour and Greenbelt comes at a time when the capacity buildout and hardening of transmission systems are crucial for energy resiliency. With increasing grid capacity requirements, rising energy consumption, and the integration of renewable power generation, there is a strong need for advanced conductor adoption. Bloomberg New Energy Finance forecasts that over $21 trillion will be invested into the global energy grid between 2020 and 2050, further emphasizing the significance of CTC's innovative solutions.

The partnership between CTC and the two capital firms positions the company well to support the growth of its utility partners. By reducing the amount of new transmission capacity required to bring renewable generation online and facilitating capacity expansion of in-ground infrastructure through reconductoring, CTC can contribute to mitigating U.S. transmission congestion and increasing the amount of renewable generation powering the electric grid.

CTC Global Corporation, based in Irvine, California, is recognized for its expertise in developing, testing, and producing the composite core used in ACCC® Bare Overhead Conductors. These conductors offer greater strength, higher capacity, and lower line losses compared to any other bare overhead conductor on the market. The reduced line losses not only decrease fuel consumption and associated emissions but also free up generation capacity that would otherwise be wasted.

With this strategic investment from Endeavour Capital and Greenbelt Capital Partners, CTC Global is poised to revolutionize high-voltage transmission cables and make significant contributions to the global energy sector. The company's commitment to innovation and sustainability aligns with the growing demand for more efficient and eco-friendly solutions in the industry. As CTC continues to lead the way in advanced conductor technology, the future of the electric power grids looks brighter than ever.

About CTC

CTC Global Corporation, headquartered in Irvine, California, is a leading engineering and manufacturing company specializing in advanced conductor cores for high-voltage transmission cables. Leveraging advanced carbon fiber technology, CTC's flagship product, the ACCC® Conductor, improves the efficiency, capacity, reliability, and resiliency of electric power grids worldwide. To learn more about CTC, visit ctcglobal.com.

About Endeavour

Endeavour Capital is a patient source of capital and long-term partner to leading private businesses and management teams. With offices in Los Angeles, Portland, Seattle, and Denver, Endeavour invests in Western U.S.-based companies in partnership with founders, family owners, and executives. The firm acts as partners and stewards, helping companies and their owners realize their potential while preserving legacy and culture. To learn more about Endeavour, visit endeavour.com.

About Greenbelt Capital Partners

Greenbelt Capital Partners is a growth-oriented middle-market private equity firm focused on control and significant minority investments across the energy sector. The senior team at Greenbelt has committed approximately $6 billion of equity capital to multiple portfolio companies and has a track record of successful M&A and financings. To learn more about Greenbelt Capital Partners, visit greenbeltcapital.com.