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SoCalGas Helps Customers Save More Than $106 Million Through Energy Efficiency Programs

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LOS ANGELES, June 11, 2026 /PRNewswire/ — Southern California Gas Co. (SoCalGas), a subsidiary of Sempra (NYSE: SRE), announced today that its energy efficiency programs helped customers save more than $106 million on their utility bills in 2025—reducing energy use by approximately 54 million net therms, enough to serve about 38,000 homes annually1.

“These programs are giving customers more control of their energy use and helping lower their bills,” Andy Carrasco, vice president, communications and regional stakeholder engagement at SoCalGas. “We’re providing simple, practical tools, rebates, and services so families and small businesses across Southern California can save energy and better manage what they spend each month.”

SoCalGas operates more than 70 customer-facing energy efficiency programs that help households and businesses better manage energy use and costs through rebates, direct installation services, property assessments, and financial options. Under the California Public Utilities Commission (CPUC) cost-effectiveness standard, these programs collectively delivered $1.41 in total customer value for every $1 invested in 2025.

These efforts also helped avoid approximately 286,000 metric tons of carbon dioxide equivalent (CO2e) emissions in 2025, or the equivalent of removing more than 66,000 gasoline-powered passenger vehicles from the road for a year1.

Energy efficiency programs are one important way SoCalGas helps customers manage their energy costs today. They also support long-term affordability by reducing overall energy demand and helping limit price volatility during extreme conditions.

As highlighted in The Affordable Way for California, this approach—combining energy efficiency with investments in system reliability and underground storage—helps support customer energy needs and underscores the value of a flexible, resilient energy system.

Between 2021 and 2025, SoCalGas’ energy efficiency programs have helped customers save more than $475 million on their utility bills and reduce energy use by more than 242 million net therms—enough to serve about 172,000 homes annually. These efforts have also helped avoid approximately 1.28 million metric tons of CO2e emissions1.

Learn more about SoCalGas’ energy efficiency programs and ways to save at https://www.socalgas.com/savings. Click to read the full Energy Efficiency Programs 2025 Annual Report.

About SoCalGas

SoCalGas is the largest gas distribution utility in the United States, serving more than 21 million consumers across approximately 24,000 square miles of Central and Southern California. Our mission is: Safe, Reliable, and Affordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized leader in the energy industry and has been named Corporate Member of the Year by the Los Angeles Chamber of Commerce for its volunteer leadership in the communities it serves. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading U.S. utility growth business. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

In this press release, forward-looking statements can be identified by words such as “believe,” “expect,” “intend,” “anticipate,” “contemplate,” “plan,” “estimate,” “project,” “forecast,” “envision,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “construct,” “develop,” “opportunity,” “preliminary,” “pro forma,” “strategic,” “initiative,” “target,” “outlook,” “optimistic,” “poised,” “positioned,” “maintain,” “continue,” “progress,” “advance,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, disallowances or denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, legislative actions, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to, as applicable, (i) negotiating pricing and other terms in definitive contracts, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining regulatory and other approvals and (v) third parties honoring their contracts and commitments; changes to our capital expenditure plans and their potential impact on rate base or other growth; changes, due to evolving economic, political and other factors and increasing geopolitical instability as a result of wars or other conflicts in various parts of the world, to (i) trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries (and uncertainty related to the implementation and enforceability thereof), and (ii) laws and regulations, including those related to tax; litigation, arbitration, property disputes and other proceedings; cybersecurity threats, including by nation-state actors, of ransomware or other attacks on our systems, the energy grid or our other infrastructure, or the systems of third parties with which we conduct business; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact of efforts to increase affordability of U.S. utility customer rates on our ability to obtain cost recovery from applicable regulators, our capital expenditure and other growth plans and our ability to advance statewide policies; the impact on affordability of customer rates, cost of capital and operating margin due to (i) volatility in inflation, interest rates, commodity prices, and tariff rates and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage and transportation capacity, including disruptions caused by failures in the pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control.

These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov, and on Sempra’s website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.

Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, nor are they regulated by the CPUC.

Message funded by ratepayers.

1 Estimates of avoided CO2e emissions from reduced natural gas consumption associated with program participation are calculated in accordance with California Public Utilities Commission (CPUC) methodologies, and estimates of equivalent avoided greenhouse gas emissions from gasoline-powered passenger vehicles driven for one year and equivalent avoided carbon dioxide emissions from homes’ energy use for one year are converted from [net] therms or CO2e, as applicable, using the U.S. Environmental Protection Agency’s (EPA) Greenhouse Gas Equivalencies calculator. These figures represent estimates as of a point in time and future changes or updates to the EPA calculator may impact the results.

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SOURCE Southern California Gas Co.

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Hong Kong: The New Dubai for Global Founders? Osome Backs the Next Wave

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July 27, 2026

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SINGAPORE, HONG KONG and DUBAI, UAE, July 27, 2026 /PRNewswire/ — Osome, the AI company management platform trusted by 50,000+ tech founders, is expanding support for global founders exploring Hong Kong alongside the UAE, offering another attractive environment for ambitious companies.

For entrepreneurs drawn to Dubai’s low-tax, business-friendly environment, Hong Kong offers many of the same advantages. Under its territorial tax system, profits sourced outside Hong Kong are 100% tax-exempt, with no capital gains, dividend or VAT tax. It also allows 100% foreign ownership, operates under common law, and maintains a stable currency pegged to the US dollar.

Where Hong Kong stands apart is its gateway to Asia’s innovation economy. Its proximity to Shenzhen’s manufacturing base and links to mainland China through CEPA give hardware, IoT, robotics and e-commerce businesses direct access to the Greater Bay Area. Unlike Dubai’s financial free zones, Hong Kong’s common law framework applies across the entire city. It also ranks third globally and first in Asia-Pacific on the Global Financial Centres Index, compared with Dubai’s seventh.

For founders choosing between global hubs, selecting a location is only the first step. Operating across jurisdictions brings added complexity around incorporation, accounting, tax and compliance. Across Singapore, Hong Kong, the UK and the UAE, Osome enables founders to incorporate companies in as fast as 7 days while managing back-office operations, including accounting, bookkeeping and compliance.

As companies become increasingly global, founders are also looking for smarter ways to manage these operations. Osome is also embedding AI into company management through its Model Context Protocol (MCP) server, turning founders’ preferred AI assistants into a business command center. Through Claude, ChatGPT, and Gemini, founders can securely retrieve transactions, shareholder records, financial reports, and other company data from a single AI interface.

Eugenio Ferrante, CEO of Osome, said, “Founders expanding across the UAE and Hong Kong are not held back by ambition, but by administrative drag. A few years ago, managing entities in more than 1 market meant hiring separate accountants, navigating endless email chains, and losing 40 hours a month to basic compliance. “We built our platform and MCP integration to help founders manage cross-border operations through AI. Global expansion should take days, not months.”

About Osome

Osome is an AI company-management platform combining human expertise with automation for incorporation, accounting and tax compliance. Since 2017, it has served 50,000+ startups in Singapore, Hong Kong, the UK and the UAE. Learn more at osome.com.

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SOURCE Osome Ltd

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Mapex AI Accelerates Global Growth in Geospatial Intelligence through Strategic Government Projects and International Partnerships

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July 27, 2026

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NOIDA, India, July 27, 2026 /PRNewswire/ — Mapex AI Private Limited, a leading geospatial technology company, continues to strengthen its global presence by delivering innovative, enterprise-grade geospatial solutions that transform complex spatial data into actionable intelligence.

The Company has developed deep expertise in delivering GIS-based Master Planning, Land Information Systems, Property Tax Solutions, Utility Mapping, Digital Twins, Navigation, High-Precision Surveys, Enterprise GIS, and Geospatial Data Infrastructure to support India’s flagship digital governance and infrastructure programmes.

In the past year, Mapex AI has been awarded several large-scale government projects across India, further demonstrating its capabilities in delivering mission-critical geospatial solutions. The Company is supporting emergency response systems under the Dial 112 initiative through advanced geospatial technologies that enhance situational awareness and operational efficiency. Under the Government of India’s AMRUT 2.0 Mission, Mapex AI is deploying advanced drone technologies to capture high-resolution aerial imagery and develop three-dimensional (3D) urban geospatial models, enabling evidence-based planning and the creation of sustainable, future-ready cities.

Mapex AI is also supporting state governments under the Digital India Land Records Modernization Programme (DILRMP) by deploying AI-powered geospatial surveys for land resource management. These solutions help modernize land administration, improve data accuracy, and promote transparency in governance through advanced spatial intelligence.

Expanding beyond India, Mapex AI has successfully delivered AI-powered geospatial services to international partners in Australia and Taiwan, supporting the creation of high-definition GIS maps through 360-degree imagery capture and advanced spatial data processing. The Company has further strengthened its national footprint through empanelment with premier government organizations, including State Space Application Centres, State Development Corporations, and Public Sector Undertakings (PSUs) reinforcing Mapex AI’s capability to execute large-scale geospatial, surveying, mapping, drone, and enterprise GIS projects across multiple sectors.

Commenting on Company’s growth, Co-Founder & CEO Surendra Nath Das said: 

“Geospatial intelligence is becoming the foundation of smarter governance and sustainable infrastructure development. At Mapex AI, we are committed to delivering innovative, technology-driven solutions that empower governments and enterprises to make faster, more informed decisions. As India accelerates its digital transformation journey, we remain focused on developing scalable geospatial platforms that create lasting value for governments, businesses, and citizens while contributing to sustainable economic growth.”

Driven by innovation, Mapex AI invests in Artificial Intelligence (AI), automation, cloud computing, drone technologies, remote sensing, and geospatial intelligence to develop scalable, future-ready solutions.

Media Contact: 

Mapex AI Private Limited
Website: www.mapex.ai 
Email: contact@mapex.ai 

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India Electrical Switches Market to Reach USD 1,864.83 Million by 2032 – Credence Research

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July 27, 2026

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PUNE, India, July 27, 2026 /PRNewswire/ — The “India Electrical Switches Market – Growth, Share, Opportunities & Competitive Analysis, 2026–2032” report has been added to the Credence Research Inc. offering.

The India Electrical Switches Market was valued at USD 1,056.93 million in 2025 and is projected to reach USD 1,864.83 million by 2032, registering a CAGR of approximately 8.36% from 2026 to 2032. Market growth is supported by expanding residential construction, commercial development, infrastructure modernization, and rising demand for modular, smart, touch-enabled, and aesthetically designed switches. Increasing consumer awareness, urban electrification, organized retail expansion, and growing adoption of home automation systems are strengthening demand across both mature metropolitan markets and emerging tier 2 and tier 3 cities.

Key Takeaways

The India Electrical Switches Market is projected to grow from USD 1,056.93 million in 2025 to USD 1,864.83 million by 2032 at a CAGR of approximately 8.36%.Residential construction, commercial real estate, infrastructure investment, and institutional development remain major sources of electrical switch demand.Modular and smart switches are gaining adoption as consumers prioritize safety, convenience, visual appeal, and compatibility with connected home systems.West India leads with a 35.48% share, followed by South India at 26.54%, North India at 23.47%, and East India at 14.50%.Organized retail, project sales, and e-commerce channels are expanding market access and supporting wider availability of branded switches.

Scope & Segmentation – India Electrical Switches Market

The report provides a comprehensive analysis of the India Electrical Switches Market, covering revenue forecasts from 2026 to 2032. It evaluates market drivers, trends, challenges, growth opportunities, competitive dynamics, and regional developments influencing demand across residential, commercial, industrial, institutional, and infrastructure applications.

The study examines how changing consumer preferences, smart home adoption, electrical safety awareness, premium housing development, and organized distribution are transforming the competitive landscape. It also evaluates demand across economy, mid-range, premium, and luxury product categories and analyzes the growing role of modular, smart, touch, and multifunctional switching systems.

The India Electrical Switches Market is segmented based on type, mechanism, end-user, price range, sales channel, and region.

By Type, the market includes Modular Switches, Conventional Switches, Smart Switches, Touch Switches, Push Button Switches, and Other Switches.By Mechanism, the market includes One-Way and Bidirectional/Intermediate Multifunctional switches.By End-User, the market includes Residential, Commercial, Industrial, Institutional, and Infrastructure & Utilities.By Price Range, the market includes Economy, Mid-Range, Premium, and Luxury/Designer products.By Sales Channel, the market includes Retail Hardware Stores, Modern Retail/Home Improvement Stores, OEMs & Project Sales, and E-Commerce.By Region, the market is analyzed across North India, South India, West India, and East India.

Access crucial information at unmatched prices!

Request your sample report today and start making informed decisions powered by Credence Research Inc. – https://www.credenceresearch.com/report/india-electrical-switches-market 

Why This Report Matters

This report provides a detailed view of a rapidly evolving electrical products market supported by construction growth, electrification, and rising demand for modern switching solutions.It helps decision-makers understand how modular design, smart home integration, safety requirements, and premiumization are influencing product selection.The study evaluates regional market shares, growth rates, and absolute revenue opportunities across North, South, West, and East India.For manufacturers, distributors, retailers, contractors, real estate developers, and investors, the report provides actionable intelligence to support product planning, distribution expansion, and long-term market strategy.

Market Overview

Industry Landscape and Value Chain AssessmentSupply-Side EvaluationDemand-Side EvaluationStakeholder MappingPorter’s Five Forces ReviewPESTLE Environment AssessmentMarket Forecast and Future DirectionShort-Term Forecast, 0–2 YearsMid-Term Forecast, 3–5 YearsLong-Term Forecast, 5–10 YearsMarket Entry and Expansion Strategy

Market Insights

Customer and End-User AnalysisCustomer Experience ComparisonGrowth Opportunity AssessmentChannel and Distribution ReviewPricing Movement AnalysisRegulatory and Compliance ReviewSustainability and ESG AssessmentRisk and Disruption AnalysisInvestment Return and Cost Evaluation

Key Attributes

Attribute

Details

Market Size 2025

USD 1,056.93 Million

Market Size 2032

USD 1,864.83 Million

CAGR

8.36 %

Forecast Period

2026–2032

Base Year

2025

Segmentation Covered

Type, Mechanism, End-User, Price Range, Sales Channel, Region

Key Regions

North India, South India, West India, East India

Major Players

Legrand India, Schneider Electric India, Anchor by Panasonic, Havells India Limited, GM Modular Pvt. Ltd., Goldmedal Electricals Pvt. Ltd., Wipro Consumer Lighting, V-Guard Industries Ltd., Polycab India Limited, BCH Electric Limited, ABB India, Lauritz Knudsen Electrical & Automation, RR Kabel Limited, Finolex Cables, GreatWhite Global Pvt. Ltd.

Segmentation

By Type

Modular SwitchesConventional SwitchesSmart SwitchesTouch SwitchesPush Button and Other Switches

By Mechanism

One-WayBidirectional/Intermediate Multifunctional

By End-User

ResidentialCommercialIndustrialInstitutionalInfrastructure & Utilities

By Price Range

EconomyMid-RangePremiumLuxury/Designer

By Sales Channel

Retail Hardware StoresModern Retail/Home Improvement StoresOEMs & Project SalesE-Commerce

By Region

North IndiaSouth IndiaWest IndiaEast India

Regional Growth Reflects Construction Expansion, Urban Electrification, and Smart Product Adoption

West India leads the India Electrical Switches Market with a 35.48% share. The region is projected to generate an absolute revenue growth opportunity of USD 267.28 million between 2025 and 2032, expanding at a CAGR of 7.70%. Maharashtra and Gujarat remain the primary demand centers due to large residential projects, commercial development, industrial activity, and infrastructure investment. Mumbai, Pune, Ahmedabad, Surat, and other urban markets also support strong demand for premium, smart, modular, and aesthetically designed switches.South India holds the second-largest regional share at 26.54%. The region is expected to create an absolute revenue opportunity of USD 224.34 million from 2025 to 2032, registering a CAGR of 8.83%. Growth is driven by rapid urban development, IT parks, data centers, institutional construction, manufacturing facilities, and premium residential projects across Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Kerala. High consumer awareness and strong organized retail penetration support adoption of modular, smart, touch, and designer switches.

Market Challenges Include Price Competition, Unorganized Supply, and Technology Integration Costs

The India Electrical Switches Market faces strong price competition, particularly in the economy and mid-range segments. Regional and unorganized manufacturers compete aggressively on pricing, which can pressure margins for branded companies and slow consumer migration toward higher-quality products in price-sensitive markets.

Counterfeit and low-quality electrical products also create safety concerns and affect brand trust. Limited awareness of product certification, electrical safety standards, and long-term durability can encourage customers to select lower-cost alternatives, especially in smaller cities and rural markets.

Smart and touch switches face additional adoption barriers linked to higher upfront costs, compatibility requirements, installation complexity, and dependence on stable connectivity. Manufacturers must balance advanced features with affordability and ease of installation to expand beyond premium residential and commercial applications.

Future Outlook

The India Electrical Switches Market is expected to maintain steady growth through 2032 as residential construction, commercial real estate, industrial expansion, and infrastructure modernization continue to generate demand. Modular switches will remain widely adopted due to their safety, flexibility, and modern design, while conventional switches will retain demand in economy-focused and replacement markets.

Smart switches, touch switches, and connected control systems are expected to gain stronger traction as home automation and energy management become more common. Premium residential projects, hotels, offices, hospitals, data centers, and institutional buildings will support demand for feature-rich and aesthetically differentiated products.

E-commerce and modern retail channels will improve product access and price transparency, while OEM and project sales will remain important for large construction and infrastructure contracts. Manufacturers that combine broad distribution, reliable quality, strong branding, and smart product innovation will be best positioned to capture future growth.

Competitive Landscape

The India Electrical Switches Market includes domestic electrical product manufacturers, multinational companies, cable and wiring brands, modular switch specialists, and smart home technology providers. Competition centers on price, safety, design, distribution reach, product durability, smart functionality, and brand recognition.

Leading companies are expanding modular and connected product portfolios while strengthening retail, dealer, electrician, architect, and project-contractor networks. Product differentiation increasingly focuses on aesthetic finishes, touch controls, voice integration, automation compatibility, fire-resistant materials, and energy management features.

Organized manufacturers benefit from quality certification, broad product portfolios, after-sales support, and established project relationships. Regional players compete through lower pricing and local distribution strength, particularly in economy and replacement applications.

Key Player Analysis

Legrand IndiaSchneider Electric IndiaAnchor by PanasonicHavells India LimitedGM Modular Pvt. Ltd.Goldmedal Electricals Pvt. Ltd.Wipro Consumer LightingV-Guard Industries Ltd.Polycab India LimitedBCH Electric LimitedABB IndiaLauritz Knudsen Electrical & AutomationRR Kabel LimitedFinolex CablesGreatWhite Global Pvt. Ltd.

Report Coverage

The research report offers an in-depth analysis based on Type, Mechanism, End-User, Price Range, Sales Channel, and Region. It details leading market players, providing an overview of their businesses, product portfolios, investments, distribution strategies, and key end-user applications.

The report also includes insights into the competitive environment, current market trends, and the primary drivers and challenges influencing market development. It evaluates the effects of smart home adoption, construction activity, product premiumization, organized retail expansion, and changing consumer expectations on the electrical switches industry.

The study further assesses regional demand patterns, absolute revenue opportunities, pricing dynamics, and channel developments across India. It provides strategic recommendations for new entrants and established companies seeking to strengthen their position in the India Electrical Switches Market.

Access crucial information at unmatched prices!

Request your sample report today and start making informed decisions powered by Credence Research Inc. – https://www.credenceresearch.com/report/india-electrical-switches-market 

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About Us

Credence Research Inc is a global market intelligence and consulting firm founded in 2015. It delivers deep market insights, quantitative analysis, and strategic guidance to business leaders, investors, governments, NGOs, and non-profit groups worldwide. The company helps organizations evaluate markets, understand trends, reduce risk, and make data-driven decisions that support growth and competitive strategy. Credence Research is known for rigorous research methods and comprehensive analytics.

The firm produces detailed reports covering market size, forecasts, growth drivers, trends, and competitive landscapes across many industries. Each report often includes frameworks like PESTLE and Porter’s Five Forces to give a complete view of market dynamics and future potential. Credence Research also provides tailored consulting services, due diligence support, go-to-market planning, and pre-IPO research to strengthen client strategies and investment narratives. Its insights come from both primary and secondary research, expert interviews, and advanced data modelling. The firm’s client base spans Europe, the Americas, Asia-Pacific, and the Middle East/Africa.

To find out more, visit www.credenceresearch.com or follow us on X.com, LinkedIn and Facebook

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