Menlo Micro, the company responsible for reinventing the electronic switch, today announced that its Ideal Switch™ received a 2022 Edison Award in the Energy Grid & Power Supply category. The annual Edison Awards globally recognizes, honors and fosters innovations and innovators whose solutions make a positive impact in the world.
“It’s only fitting that the Edison Awards recognized Menlo Micro’s transformative Ideal Switch following the 175th birthday of Thomas Edison, the visionary who invented and patented the first circuit breaker in 1879, the precursor of all modern switches,” said Chris Giovanniello, co-founder and SVP marketing, Menlo Micro. “The Ideal Switch brings massive reductions, often greater than 99 percent, in size, weight, power and cost across dozens of industries. These reductions are fundamental to accelerating the transition to the electrification of everything and modernizing the $100B+ market for RF and power switching and protection devices in the 21st century.”
According to Adroit Market Research, the global electrification market is experiencing tremendous growth, projected to reach $128 billion by 2028. More intelligent and efficient power switching solutions are needed to control and protect billions of critical assets used in industrial automation, smart buildings, transportation and electrical infrastructure. According to a recent Menlo Micro white paper, the Ideal Switch can contribute to a more energy-efficient world by helping to eliminate 20 percent of global carbon emissions and enabling $37B in electricity savings by 2050.
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