DG Matrix, the global leader in solid-state transformer solutions, today announced the close of its $60 million Series A funding. Engine Ventures led the oversubscribed round, with participation from ...

DG Matrix, a solid-state transformer startup, has raised $60 million in Series A funding to enhance power management in data centers.

The startup is making solid-state transformers capable of intelligently aggregating power from a number of different sources ...

Global technology company ABB has deployed its high-performance controller technology for high-power rectifier applications ...

ABB launched its Automation Extended program, a major evolution of its distributed control systems aimed at helping industrial clients modernize operations securely and with limited downtime. The ...

ABB is advancing its Mission to Zero™ program at its Sasbach manufacturing site in Germany, demonstrating how on-site renewable energy, electrification and digital energy management can deliver ...

Japanese investing conglomerate SoftBank Group is buying a robotics company as the financial behemoth says physical AI is its next frontier. SoftBank announced on Wednesday that it has acquired Zurich ...

SoftBank Group agreed to buy the robotics division of Swiss engineering firm ABB for $5.4 billion. The move is part of a number of investments and acquisitions by SoftBank as it looks to position ...

ABB ABBN0.69%increase; green up pointing triangle said it plans to invest $110 million across four U.S. manufacturing sites to meet future demand for data centers and the power grid. The Swiss ...

With US electricity demand surging, two critical grid infrastructure components may be facing a significant supply shortage in 2025, said a report from Wood Mackenzie. Since 2019, power transformer ...

ABB's second-quarter results comfortably beat company-compiled estimates across the board. Order intake grew 14% organically to a record $9.8 billion, driven by a $600 million process automation order ...