As utilities face rising electricity demand, unlocking additional capacity from existing distribution infrastructure can help meet growing load more quickly and cost-effectively. To accelerate this effort, Switched Source, a leading developer of grid-enhancing distribution automation technologies, has secured over $17 million in funding to scale deployment of its flagship technology, the Phase-EQ. Cubit Capital led the round, with participation from ABB, Emerald Technology Ventures, Red Cedar Ventures, Southern States, Southwire Company, and other strategic investors. The investment will expand Switched Source's manufacturing and production capacity to support growing utility adoption and a broader pipeline of Phase-EQ deployments across North America. Switched Source is also adding manufacturing, quality, and supply chain roles at its Chicago headquarters and continuing development of additional solutions for utility distribution systems.

Switched Source offers advanced power-flow control solutions that enable electric utilities to increase reliability, unlock latent capacity, and support growing electrification without expensive infrastructure investments. Since 2016, Switched Source has pioneered technology that optimizes power distribution, mitigates congestion, and strengthens grid flexibility, offering a rapidly deployable alternative to traditional system upgrades. Switched Source is committed to helping utilities adapt to new demands while delivering a more efficient, resilient, and sustainable power grid.