Israel Electric Corporation

Exodigo Closes $105 Million Series A to Lead Underground Mapping Revolution

Retrieved on: 
Tuesday, February 27, 2024

TEL AVIV, Israel and PALO ALTO, Calif., Feb. 27, 2024 /PRNewswire/ -- Exodigo, the artificial intelligence (AI) innovator modernizing underground mapping, today announced the close of a $105 million Series A round, converting $30 million previously secured in SAFEs, for a total of $118 million in funding since its launch in 2022. Greenfield Partners and existing investor Zeev Ventures co-led the Series A with participation from existing investors SquarePeg, 10D VC, JIBE and National Grid Partners. Exodigo continues to lead a complete reinvention of underground mapping and plans to use the new capital to further build out its global team, accelerate the development of a self-service product line, and support its expansion into new markets.

Key Points: 
  • Greenfield Partners and existing investor Zeev Ventures co-led the Series A with participation from existing investors SquarePeg, 10D VC, JIBE and National Grid Partners.
  • Exodigo continues to lead a complete reinvention of underground mapping and plans to use the new capital to further build out its global team, accelerate the development of a self-service product line, and support its expansion into new markets.
  • Meanwhile, the built environment constitutes almost half of annual global CO2 emissions, making solving the underground both an economic and environmental priority.
  • "Exodigo has taken the underground mapping market by storm and established its platform as the gold standard in comprehensive underground intelligence in just two short years.

Mitsubishi Electric to Issue Green Bonds for First Time

Retrieved on: 
Friday, November 10, 2023

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will issue green bonds for the first time to raise funds for the construction of a silicon carbide (SiC) power semiconductor plant and the enhancement of related production facilities that handle products capable of contributing to decarbonization.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it will issue green bonds for the first time to raise funds for the construction of a silicon carbide (SiC) power semiconductor plant and the enhancement of related production facilities that handle products capable of contributing to decarbonization.
  • Green bonds are any type of debt instrument issued by a corporation or municipality for the exclusive purpose of financing or refinancing green projects domestically or internationally.
  • In preparation for the issuance, Mitsubishi Electric has formulated a Green Bond Framework that specifies its policies regarding the use of proceeds, the process for project evaluation and selection, the management of proceeds, and reporting, as defined in the Green Bond Principles 2021 issued by the International Capital Market Association (ICMA) and the Green Bond Guidelines 2022 issued by Japan’s Ministry of the Environment.
  • Mitsubishi Electric has also submitted an amended shelf registration statement for the issuance of the bonds to the Director-General of the Kanto Local Finance Bureau.

Mitsubishi Electric Plays Lead Role in Drafting 2023 IEC White Paper

Retrieved on: 
Tuesday, October 24, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it played the key role in leading the project to draft the 2023 International Electrotechnical Commission (IEC) White Paper entitled "Power Semiconductors for an Energy-Wise society,” which the IEC released on October 17.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it played the key role in leading the project to draft the 2023 International Electrotechnical Commission (IEC) White Paper entitled "Power Semiconductors for an Energy-Wise society,” which the IEC released on October 17.
  • This is the first time for a White Paper, published annually since 2010, to issue recommendations for developing and expanding international standards and certification systems for power semiconductors.
  • Each year, the IEC White Paper focuses on electrical, electronic and electromechanical technologies requiring international standardization, and makes related recommendations to the IEC and other organizations.
  • A lack of such standards and certifications could lead to a proliferation of nonconforming products and impede cooperation among manufacturers, users and regulators, thereby hindering the healthy growth of the power semiconductor global market.

AI-Driven Grid Resilience firm, Prisma Photonics secures approximately $20 Million, led by Insight Partners, to monitor large-scale critical infrastructure towards net zero emissions

Retrieved on: 
Thursday, September 14, 2023

TEL AVIV, Israel, Sept. 14, 2023 /PRNewswire/ --  Prisma Photonics, the dynamic, AI-driven startup that monitors large-scale infrastructure, such as power grids, announced today that it raised approximately $20M in a Series C round led by New York-based global private equity and venture capital firm Insight Partners, with participation from Elements, a Climatech fund, SE Ventures (Schneider Electric's venture capital arm), Future Energy Ventures (the venture capital investment and collaboration platform of E.ON), Chione Switzerland, and INcapital.

Key Points: 
  • This round brings the total funding raised by Prisma Photonics to over $50 million.
  • It allows them to maximize the electrical capacity of the current grid to increase the integration of renewable energy sources.
  • This investment led by Insight Partners highlights the urgent need for innovative, scalable solutions in critical infrastructure management."
  • Prisma Photonics optical fiber sensing technology covers several infrastructure sectors, including power, oil and gas pipelines, subsea infrastructure, railways, highways, and other long-range utilities.

Mitsubishi Electric to Ship Samples of GaN Power Amplifier Module for 5G Massive MIMO Base Stations

Retrieved on: 
Thursday, September 14, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of a new Gallium Nitride (GaN) power amplifier module for use in 5G massive MIMO (mMIMO) base stations on September 21.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will begin shipping samples of a new Gallium Nitride (GaN) power amplifier module for use in 5G massive MIMO (mMIMO) base stations on September 21.
  • Power amplifier modules help reduce the power consumption of 5G mMIMO base stations.
  • Since these base stations utilize multi-element antennas and a correspondingly high number of power amplifiers, highly efficient power amplifier modules play an important role reducing the power consumption and manufacturing costs of these base stations.
  • Mitsubishi Electric will commence sample shipments of a GaN power amplifier module for 5G mMIMO base stations that can deliver an average output power of 8W (39 dBm) over wide frequencies ranging from 3.4GHz to 3.8GHz.

AI-Driven Grid Resilience firm, Prisma Photonics secures approximately $20 Million, led by Insight Partners, to monitor large-scale critical infrastructure towards net zero emissions

Retrieved on: 
Wednesday, September 13, 2023

TEL AVIV, Israel, Sept. 13, 2023 /PRNewswire/ --  Prisma Photonics, the dynamic, AI-driven startup that monitors large-scale infrastructure, such as power grids, announced today that it raised approximately $20M in a Series C round led by New York-based global private equity and venture capital firm Insight Partners, with participation from Elements, a Climatech fund, SE Ventures (Schneider Electric's venture capital arm), Future Energy Ventures (the venture capital investment and collaboration platform of E.ON), Chione Switzerland, and INcapital.

Key Points: 
  • This round brings the total funding raised by Prisma Photonics to over $50 million.
  • It allows them to maximize the electrical capacity of the current grid to increase the integration of renewable energy sources.
  • This investment led by Insight Partners highlights the urgent need for innovative, scalable solutions in critical infrastructure management."
  • Prisma Photonics optical fiber sensing technology covers several infrastructure sectors, including power, oil and gas pipelines, subsea infrastructure, railways, highways, and other long-range utilities.

Mitsubishi Electric Successfully Demonstrates Light Source Module for High-capacity Laser Optical Communication in Outer Space

Retrieved on: 
Tuesday, June 20, 2023

Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has successfully demonstrated laser optical frequency control using a new light source module, a key component of an envisioned high-capacity laser optical communication network to be deployed in outer space.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has successfully demonstrated laser optical frequency control using a new light source module, a key component of an envisioned high-capacity laser optical communication network to be deployed in outer space.
  • The module, which produces a 1.5-µm wavelength signal, was installed in the OPTIMAL-1 nanosatellite developed through an industry-academia collaborationand released from the International Space Station (ISS) on January 6.
  • Mitsubishi Electric has been developing space-based optical technologies that are expected to increase data capacity (by ten times or more) as well as communication speeds and distances compared to systems that use radio waves.
  • Existing radio-wave satellite communication systems are limited in terms of capacity, speed and distance, so new optical systems offering improved communications capabilities are required for faster and higher-resolution assessments from space.

Enlight Energizes the First Wind Turbine at Genesis Wind, Israel's Largest Renewable Energy Project

Retrieved on: 
Monday, June 12, 2023

TEL AVIV, Israel, June 12, 2023 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”) (NASDAQ: ENLT, TASE: ENLT) a leading global renewable energy platform, is pleased to announce the successful commissioning of the first wind turbine at Genesis Wind.

Key Points: 
  • TEL AVIV, Israel, June 12, 2023 (GLOBE NEWSWIRE) -- Enlight Renewable Energy (“Enlight”) (NASDAQ: ENLT, TASE: ENLT) a leading global renewable energy platform, is pleased to announce the successful commissioning of the first wind turbine at Genesis Wind.
  • With a total capacity of 207 MW, Genesis Wind is set to be the largest renewable energy project in Israel, revolutionizing the renewable energy landscape across the country.
  • The wind farm, located in Northern Israel, features 39 cutting-edge wind turbines from General Electric that will harness the abundant wind resources of the region.
  • "The successful commissioning of the first wind turbine at Genesis Wind marks a significant milestone in Israel's renewable energy journey," said Gilad Yavetz, CEO at Enlight.

Mitsubishi Electric's New Car Technology Uses Biometric Information to Detect Serious Physical Conditions Experienced by Drivers

Retrieved on: 
Tuesday, April 18, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed a technology to detect serious physical conditions experienced by people driving automobiles, such as loss of consciousness, by estimating pulse rate, changes in blood pressure and other biometric data collected with a contactless Driver Monitoring System (DMS) camera, which the company has already launched to detect driver distractions and drowsiness.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed a technology to detect serious physical conditions experienced by people driving automobiles, such as loss of consciousness, by estimating pulse rate, changes in blood pressure and other biometric data collected with a contactless Driver Monitoring System (DMS) camera, which the company has already launched to detect driver distractions and drowsiness.
  • The new system uses Mitsubishi Electric's proprietary AI to estimate biometric data and proprietary Maisart® AI technology in order to detect abnormal physical conditions even when the driver's posture basically does not change.
  • In Japan, heart disease, epilepsy and cerebrovascular disease are the top three medical causes of car accidents that frequently result in death or serious injury.
  • Mitsubishi Electric has been working to develop a detection technology based on changes in biometric data that occur when drivers experience certain types of physical emergencies.

Mitsubishi Electric Named CDP Supplier Engagement Leader for Three Consecutive Years and Sixth Time

Retrieved on: 
Friday, April 7, 2023

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its environmental efforts related to supply chains have earned the company designation as a 2022 Supplier Engagement Leader, the highest ranking in the CDP Supplier Engagement Rating program operated by CDP, an international non-profit organization that supports environmental disclosure.

Key Points: 
  • Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its environmental efforts related to supply chains have earned the company designation as a 2022 Supplier Engagement Leader, the highest ranking in the CDP Supplier Engagement Rating program operated by CDP, an international non-profit organization that supports environmental disclosure.
  • This is the third consecutive year since 2020 and sixth time in which Mitsubishi Electric has earned a top ranking for excellent actions and strategies to reduce greenhouse gas emissions and climate-change risk throughout its supply chain.
  • The Supplier Engagement Rating evaluates the activities of companies that work with their suppliers to address climate change throughout the supply chain.
  • In 2022, the top 8 percent of companies evaluated were selected as top-rated Supplier Engagement Leaders.