Latest news with #Solestial
Yahoo
22-05-2025
- Automotive
- Yahoo
Mitsubishi Electric's ME Innovation Fund Invests in U.S. Startup Solestial
Improving the competitiveness of its space business through advanced silicon-based solar cells for space applications TOKYO, May 22, 2025--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO:6503) announced today that its ME Innovation Fund has invested in Solestial, Inc., a U.S.-based startup specializing in the development and production of solar cells for space applications using advanced silicon technology. This is the tenth investment that the fund has made to date. In recent years, the miniaturization and cost reduction of satellites have resulted in rapid growth in the deployment of constellations in low Earth orbit. As the number of satellite launches continues to rise sharply, there is growing concern that the supply of solar cells, an essential component of satellites, will not be able to keep pace with demand. Solestial develops and manufactures solar cells for space applications using silicon heterojunction technology. Compared to conventional products, these cells are expected to provide a wide range of advantages, including improved radiation resistance, reduced costs, quicker delivery, and decreased investing in Solestial, Mitsubishi Electric aims to enhance the competitiveness of its space business by leveraging Solestial's high-performance solar cell technology. Margo de Naray, CEO, Solestial, Inc., said, "We are very pleased to partner with Mitsubishi Electric through their investment in our company. Our technology is very meaningful for the future of the space industry, and through our partnership with Mitsubishi Electric, we will further accelerate our technological development." For the full text, please visit: View source version on Contacts Customer Inquiries Business Innovation GroupMitsubishi Electric CorporationTel: + Media Inquiries Takeyoshi KomatsuPublic Relations DivisionMitsubishi Electric CorporationTel: +
Yahoo
10-02-2025
- Business
- Yahoo
Tempe company Solestial goes prime time in Google Super Bowl LIX TV ad
Tempe-based space startup Solestial Inc. was featured in a Google Super Bowl LIX TV ad, according to a release from the company. The solar technology firm is part of Google's '50 States, 50 Stories' campaign, and the ad about it ran on Fox Arizona channels during the U.S.'s most watched football game, the release confirmed. The Philadelphia Eagles beat the Kansas City Chiefs 40 to 22 in Sunday night's game. 'It's every business's dream to be featured in a commercial during football's premier event,' said Solestial CEO Stan Herasimenka. 'We are hopeful that the media attention will increase awareness of our next-generation silicon solar technology.' Google picked one company from each state for the 30-second ad, according to the release. The ad can be seen on Google Workspace's YouTube channel. Companies spent an average of about $8 million for a 30-second spot during Super Bowl LIX TV. The Arizona ad featured Herasimenka and other Solestial employees using the company's solar technology and Google's AI tool Gemini. Solestial builds space-grade solar cells that are designed to be cheaper, more efficient and last longer. 'It's a company milestone none of us will ever forget,' Herasimenka said. Reach the reporter at or 602-444-8040. Follow her on X, formerly Twitter: @CatherineReagor. This article originally appeared on Arizona Republic: Tempe solar firm Solestial featured in Google Super Bowl LIX TV ad
