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Meridian Innovation Secures US$12.5 Million in Funding from Strategic Partner, Existing Investors and New Investors to Accelerate Growth

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SINGAPORE, Oct. 8, 2024 /PRNewswire/ — Meridian Innovation Pte Ltd, the pioneer developer of low cost, mass producible thermal imaging sensors, is pleased to announce it has raised US$12.5 million in a funding round led by new investors, strategic partners, as well as participation from existing investors. This funding will enable Meridian Innovation to scale operations, accelerate product development and expand its reach into broader consumer and commercial markets. With this round, Meridian Innovation’s total investment to date is more than US$30 million.

Meridian Innovation is revolutionizing thermal imaging with its patented Complementary Metal-Oxide-Semiconductor (“CMOS”)-based technology. Unlike traditional thermal sensors, which rely on more expensive materials and production methods, Meridian’s CMOS platform guarantees a significantly lower cost of manufacturing while maintaining the highest levels of performance for the consumer and commercial markets. Over the past few years, Meridian has shipped to many customers in numerous market segments, including IoT devices; smart appliances; in-cabin automotive monitoring; AI-assisted baby monitoring and elderly care; security and safety products, as well as portable thermography instruments. Meridian is uniquely positioned to capitalize and contribute to the needs of these growing market segments which are all rapidly adopting low-cost thermal imaging sensors. Both investors and customers are embracing Meridian’s compelling, patented CMOS thermal imaging sensors, due to the salient benefits of low-power consumption, together with the lower cost of a mass manufacturable CMOS process.

“As an early investor, SEEDS has been part of Meridian’s remarkable journey in developing its groundbreaking CMOS-based thermal imaging technology and is proud to support the commercialisation of its products. We look forward to supporting Meridian’s growth as it further optimises its production capabilities and expand its global market presence.” stated Kaixin Tan, General Manager of Seeds Capital.

“We are excited to deepen our partnership with Meridian and support its mission to bring cutting-edge thermal imaging technology to mass markets. Their unique CMOS-based approach is a game-changer, not only in terms of cost but also in manufacturing scalability. We believe this investment will help Meridian Innovation to solidify its leadership in the industry and unlock new applications in our own product portfolio.” said Teck Lee Chee, CEO of Moveon Technologies Pte Ltd.

“We are thrilled to have Moveon, TCVC and Hong Kong Science and Technology Parks Corporation as new investors. This funding marks a significant milestone in our journey to become the leading provider of CMOS-based thermal imaging technology. With the support of our strategic partners and investors, we are poised to scale production, bring innovative solutions to market and unlock new possibilities in consumer and commercial applications. Our CMOS-based approach gives us a clear advantage in delivering cost-effective thermal imaging sensors at scale, making thermal imaging more accessible than ever.” said Hock Leow, CEO and Co-Founder of Meridian Innovation. “We are committed to constant innovation and, with this new investment, we are accelerating our product development. We will be shipping our 2nd generation higher resolution, 160×120, sensor in Q4 2024.”

About Meridian Innovation

Meridian Innovation, headquartered in Singapore, is a pioneering developer of advanced Complementary Metal-Oxide-Semiconductor (“CMOS”) Thermal Imaging solutions with operations also in Hong Kong, USA and UK. Meridian Innovation is committed to the development of cost effective and high-performance Thermal Imaging Sensor-based solutions for commercial and consumer applications that will enable safer and better living. Meridian’s technology utilizes a unique patented approach in fabricating LWIR sensors based only on CMOS. Combining a proprietary wafer-level vacuum packaging allows Meridian to produce their sensors at lower cost and mass producible volume.

For more information on Meridian, please visit https://www.meridianinno.com/

About Moveon Technologies Pte Ltd

Moveon Technologies Pte Ltd, founded in 2006, specializes in the design, engineering and production of precision micro-optics components & modules. Moveon’s capabilities in optics is complimented by their proprietary know-how in micro & nano-fabrication, including nanoimprint, lithography and 2- Photon Polymerization processes that are deployed to serve a wide variety of fields, including functional optics for light detection and ranging technology (LIDAR), depth sensing cameras, waveguide displays, spectrometers, eye trackers for augmented & mixed reality (AR or MR) applications and medical optics.

For more information on Moveon, please visit https://moveon.bz/  

About Seeds Capital

As the investment arm of Enterprise Singapore, SEEDS Capital catalyses smart investments into innovative Singapore-based early-stage startups with strong intellectual content and global market potential. We adopt a co-investment model, working hand in hand with institutional investors from around the world. Leveraging our collective expertise and networks, we help startups commercialise, realise their business development plans and expand globally. We focus our investments into emerging and strategic sectors aligned with national priorities, including Manufacturing, Trade & Connectivity, Human Health & Potential, Urban Solutions & Sustainability, and Smart Nation & Digital Economy.

For more information on Seeds Capital, please visit https://www.seedscapital.sg/

 

SOURCE Meridian Innovation Pte Ltd

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LG ELECTRONICS EARNS NVIDIA AI FACTORY VALIDATION FOR ITS 600KW COOLANT DISTRIBUTION UNIT

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Certification Validates LG’s Advanced Thermal Management Technology and Solidifies
the Partnership With NVIDIA, Accelerating AI Infrastructure Expansion

News Summary

LG Electronics has achieved NVIDIA certification for its 600kW Coolant Distribution Unit (CDU), meeting over 100 rigorous evaluation criteria for AI Factory standardization.The certification positions LG as an official NVIDIA partner for AI Factory infrastructure, serving as a trust signal that helps minimize procurement risks for global data center operators.LG Electronics offers a comprehensive Chip-to-Chiller portfolio for AI data centers, spanning from chillers, Coolant Distribution Units (CDUs) and cold plates.

SEOUL, South Korea, July 27, 2026 /PRNewswire/ — LG Electronics (LG) has secured official NVIDIA certification for its 600kW Coolant Distribution Unit (CDU). This milestone validates the reliability and efficiency of LG’s liquid cooling solutions and thermal management technology with NVIDIA’s AI infrastructure standards, supporting the company’s continued expansion in the AI data center cooling market.

Reliable Partner for Global Hyperscalers

As one of the select few companies globally to pass NVIDIA’s technical verification process, LG successfully validated its 600kW CDU against more than 100 technical evaluation criteria. These metrics are designed to standardize cooling performance, reliability and failover capabilities for high-density AI Factories.

The certification marks a strategic milestone for LG, strengthening the company’s position as an officially verified NVIDIA partner for AI Factory infrastructure. For global hyperscalers and data center operators, this designation provides greater confidence in supplier selection by reducing procurement risks and accelerating qualification for large-scale AI infrastructure deployments.

Chip-To-Chiller Cooling Solution Provider 

LG’s NVIDIA-certified 600kW CDU is engineered to manage the thermal demands of high-heat AI GPUs. By implementing a Direct-to-Chip (DTC) liquid cooling solution that delivers coolant directly to heat-generating components such as GPUs and CPUs, the unit creates a highly efficient “hybrid cooling” system that operates in synergy with existing air-cooling infrastructure.

The unit is designed to achieve a temperature control precision of ±0.25 degrees Celsius*, helping enhance system thermal stability and support reliable AI server operation. It also integrates virtual sensor technology for real-time monitoring and leak detection capabilities. Paired with LG’s Data Center Cooling Control Manager (DCCM), the solution enables predictive control and centralized monitoring, while supporting seamless integration with data center management systems through standard communication protocols.

To ensure comprehensive reliability, LG evaluates these solutions at its dedicated Chip-to-Chiller validation site in Pyeongtaek. Here, the company tests system-wide transient responses, temperature changes and low-load stability across the entire cooling chain—from the AI chip load and cold plates to the CDU and chiller. By meeting NVIDIA’s strict failover requirements, the CDU is engineered to maintain operational stability even under highly demanding conditions.

LG aims to further solidify its position as a trusted AI data center infrastructure partner with a comprehensive “Chip-to-Chiller” portfolio, offering end-to-end thermal management solutions from the chip level to the cooling plant. The company’s end-to-end offering includes chillers that produce chilled water, CDUs that distribute coolant and cold plates that deliver cooling directly to AI chips—the core components of liquid cooling systems for AI data centers.

Expanding AI Infrastructure Capabilities

This certification serves as the starting point for LG’s broader AI infrastructure business expansion. Moving forward, LG plans to sequentially secure NVIDIA certifications for entire large-capacity CDU lineups, including its 1MW, 2.5MW and 4MW models.

Backed by 60 years of engineering expertise in the HVAC sector, LG’s CDUs are designed for high-density AI data center environments, offering precise temperature control, advanced control capabilities and high reliability. The company also strengthens its competitiveness by producing key components in-house, including inverter systems and magnetic bearing compressors—core technologies widely applied across its chiller portfolio.

LG has recently secured major global data center cooling projects, including hyperscaler facilities in North America and the Sinar Mas data center, SM+ Data Center’s flagship AI-ready facility in Jakarta, Indonesia. By leveraging its core technological capabilities, LG aims to expand global orders and strategic partnerships in the next-generation AI data center market.

“As AI data centers continue to scale, the need for highly reliable liquid cooling solutions has never been greater,” said James Lee, president of the LG ES Company. “Leveraging our advanced cooling technologies together with the LG Group’s integrated infrastructure capabilities, we are expanding our AI infrastructure business with end-to-end solutions that help enable Physical AI, where AI creates value in real-world environments.”

* Performance results, including temperature control precision and component lifespan, may vary depending on actual operating environments, server loads and conditions.

About LG Electronics Eco Solution Company

The LG Eco Solution Company (ES) offers advanced air conditioning solutions, including chillers, for diverse sectors and climates. Committed to exceptional HVAC performance, the ES Company aims to enhance indoor comfort and well-being with innovative air care products. Leveraging deep industry expertise, it offers digitalized HVAC solutions designed for better life. As a trusted partner, the company integrates cutting-edge technology into daily operations while offering ongoing support. For more information, please visit www.LG.com/global/business/hvac.

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SOURCE LG Electronics

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VT Markets Gold Cup 2026 Offers Traders Up to USD 200,000 and A Spot in the Island Finale

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SYDNEY, July 27, 2026 /PRNewswire/ — VT Markets, a global multi-asset broker, today announced the launch of VT Markets Gold Cup 2026, a global trading competition open to clients across the globe. Set against the backdrop of global sports fever, the competition kicks off its regional series from 3 August to 13 September 2026, culminating in an exclusive Island Finale later this year.

The trading competition features one of the largest prize pools for an online trading competition this year, with up to USD 200,000 in total prizes. Participants compete across a regional leaderboard that refreshes hourly, ranked by their Total Profit Percentage (%) to measure strategic account growth rather than starting capital. Emerging at the top of your region demands exceptional skill, and top regional performers will earn cash prizes and an invitation to the Island Finale to compete with the best of the best.

To participate in the VT Markets Gold Cup, traders must open a live account, complete KYC verification, and opt in via the Client Portal. The first 100 opt-ins per region will also receive a USD 10 trading credit. Maintaining a consistent net deposit of USD 1,000 is required throughout the campaign, and any withdrawals or internal transfers will result in immediate disqualification to preserve ranking stability. Leaderboard qualification also requires a minimum cumulative volume of 10 lots, and positions must be held for at least 5 minutes. For full terms and conditions, eligibility criteria, and additional bonuses and rewards, please visit https://www.vtgoldcup.com/

About VT Markets

VT Markets is a regulated multi-asset broker with a presence in over 160 countries as of today. It has earned numerous international accolades including Best Online Trading and Fastest Growing Broker. In line with its mission to make trading accessible to all, VT Markets offers comprehensive access to over 1,000 financial instruments and clients benefit from a seamless trading experience via its award-winning mobile application.

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Sungrow Powers the Nordics’ Largest Commissioned BESS Project in Sweden with PowerTitan 2

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STOCKHOLM, July 27, 2026 /PRNewswire/ — The largest battery energy storage system (BESS) project in the Nordics in Ånge, Sweden has now been taken into commercial operation. Sungrow, a global leader in battery storage and PV inverters, delivered its utility BESS PowerTitan 2.0 for the 70 MW / 160 MWh battery system developed by Delta Capacity. Designed to deliver high reliability and efficiency, the system is built to operate under challenging Nordic weather conditions and extreme temperature variations.

The Ånge BESS will contribute to balancing Sweden’s power system, offering rapid response capabilities and capacity for both frequency regulation and arbitrage across the volatile Nordic power market. Sweden’s battery storage market is expanding rapidly as the country’s energy transition accelerates. The regulatory framework has enabled battery storage to participate in balancing markets, turning it into a revenue-generating asset, according to a report from SolarPower Europe. Sweden and Finland together installed more than 1 GWh of new battery capacity in 2025[1].

“Ånge is a great example of how large-scale energy storage is built in practice. Fast, at the right scale, and with the right partners like Delta Capacity. Our role is to be a long-term partner and contribute to expanding renewable energy capacity in Sweden,” says Samer Nameer, Country Manager Sweden at Sungrow.

Fast deployment for the Nordic energy transition

The Ånge project is owned by a joint venture between WOOD & Company Renewables Sub-Fund and Delta Capacity, which has led the project from design to completion. From procurement start to commercial operation took 15 months. The facility is located in bidding zone SE2 and contributes to balancing the Swedish power system.

Patrik Hes, CEO of Delta Capacity: “The Nordic energy transition is moving fast and requires infrastructure that keeps the same pace. Sweden has great renewable resources, but flexibility is missing and that is exactly what Ånge provides. 160 MWh of storage, delivered in 15 months. Delta Capacity’s goal is to keep building faster and at a greater scale. The energy transition cannot wait.”

The project was acquired from RES in February 2025. Other suppliers in the project are Stenger & Ibsen Construction, Rejlers, Green Power Monitor, Solvina and Ellevio. Centrica Energy manages the buying and selling of electricity for the facility around the clock.

Local presence with a global footprint

Sungrow Europe currently has 25 local offices, two research and development centres and 26 warehouses across Europe. The Swedish team with dedicated experts for Services, and energy solutions is based in Stockholm, with other Scandinavian offices in Malmö, Copenhagen and Helsinki. Among its most recent projects in the Nordic region are the Nordic region’s largest solar roof in Sweden[2] (14 MW) and the northernmost solar project in Finland[3] (70 MW).”

About Sungrow
Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 29 years. As of Dec 2025, Sungrow has installed over 1000 GW of power electronic converters worldwide. The company is recognized as the world’s most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experiences. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com/en

About Delta Capacity
Founded in 2022, Swiss-based Delta Capacity is driven by its vision to develop, acquire, and own and operate utility-scale battery storage across Europe. The company is scaling quickly while maintaining a consistent focus on asset quality—prioritizing designs that support high availability, efficient performance, and bankable operating outcomes. The rapidly growing team brings decades of experience across large infrastructure, renewable energy, energy trading, and software development. Delta Capacity currently has nearly 800 MWh under construction and targets the build-out, commissioning, and operation of more than 6 GWh of flexible assets by 2030.

 

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