# Socorro Electric Cooperative

**Source:** https://www.startuphub.ai/startups/socorro-electric-cooperative
**Profile type:** Startup

> Utility focused on grid modernization and energy infrastructure planning.

## About

Socorro Electric Cooperative (SEC) is an entity involved in a grid modernization initiative. They are partnering with Nuvve New Mexico to design and engineer a utility-scale battery energy storage system (BESS) and associated grid upgrades. This project is aimed at improving reliability, resilience, and long-term energy infrastructure planning for the City of Socorro.

## Key facts

- **Slug:** socorro-electric-cooperative
- **Location:** Socorro, New Mexico, USA
- **Operating status:** Active
- **Total funding:** $610K
- **Sectors / tags:** Energy, Utilities, Infrastructure

## Frequently asked

### What does Socorro Electric Cooperative do?

Socorro Electric Cooperative (SEC) is an entity involved in a grid modernization initiative. They are partnering with Nuvve New Mexico to design and engineer a utility-scale battery energy storage system (BESS) and associated grid upgrades. This project is aimed at improving reliability, resilience, and long-term energy infrastructure planning for the City of Socorro.

### What is Socorro Electric Cooperative's revenue?

StartupHub estimates Socorro Electric Cooperative's annual revenue at $364K (range $76K to $640K, 35% confidence), based on comparable companies in the sector.

### What is Socorro Electric Cooperative's valuation?

StartupHub estimates Socorro Electric Cooperative's effective valuation at $2.2M (range $1.5M to $3.7M, 26% confidence), based on comparable companies in the sector.

### How much funding has Socorro Electric Cooperative raised?

Socorro Electric Cooperative has raised a total of $610K in funding.

### Where is Socorro Electric Cooperative headquartered?

Socorro Electric Cooperative is headquartered in Socorro, New Mexico, USA.

### What industry does Socorro Electric Cooperative operate in?

Socorro Electric Cooperative operates in Energy, Utilities, Infrastructure.

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