Magnefy

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Magnefy is an AI-powered predictive maintenance platform using non-intrusive magnetic sensing to continuously monitor transformers and grid assets, catching anomalies early to extend asset life and boost reliability.

More About the Technology

Magnefy is developing an end-to-end transformer predictive monitoring platform that combines non-invasive hybrid DC–80 MHz magnetic sensing with multimodal, sensor-agnostic AI to catch developing electrical anomalies, from harmonics and partial discharge to arcing, months before failure. 

By fusing high-frequency electrical signatures with operational and maintenance data, Magnefy delivers fleet-wide risk prioritization and actionable maintenance recommendations at a fraction of the cost of conventional monitoring, helping utilities extend transformer life and reduce unplanned outages.

Learn More About GridReady

GridReady, a first-of-its-kind partnership with Great River Energy, Minnesota Power, Xcel Energy, and Otter Tail Power to connect the nation's most promising energy startups with real-world utility pilot opportunities, with a focus on grid modernization and grid-enhancing technologies (GETs), electrification, and energy storage.

Utility Innovation Study

The GridReady program was developed as an outcome of our 2025 Utility Innovation Study completed with the University of Minnesota and funded by the IN2 Initiative (partnership between Wells Fargo and the National Lab of the Rockies). It explores the challenges and opportunities for startups and utilities to collaborate and bring more cutting-edge technologies to the energy transition.