Edison International

Edison International is the parent company of Southern California Edison (SCE), a major electric utility that supplies electricity to approximately 5 million customers across a 50,000-square-mile area in central, coastal, and southern California. Founded in 1886 and headquartered in Rosemead, California, SCE serves a population of nearly 14 million people through a network that includes about 53,000 miles of overhead and underground power lines, as well as 800 substations. The company generates electricity from a diverse range of sources, including hydroelectric, natural gas, nuclear, and renewable energy. SCE is regulated by the California Public Utilities Commission and the Federal Energy Regulatory Commission, ensuring compliance with industry standards while providing essential services to residential, commercial, and industrial customers. Edison International also invests in nonutility energy-related businesses through its subsidiary, Edison Energy.

Sergej Mahnovski

Managing Director of Strategy, Technology and Innovation

5 past transactions

Forum Mobility

Seed Round in 2021
Provider of charging depots and emission-free fleet services intended to help operators of heavy-duty logistical trucks transition to electric-powered vehicles. The company offers systems that remove barriers and simplify the transition to an all-electric fleet, enabling goods-transporting corporations to reach their carbon-free goals and reducing the impacts of climate change.

Heliogen

Corporate Round in 2021
Heliogen, Inc. is a clean energy company based in Pasadena, California, focused on utilizing sunlight to produce hydrogen and syngas fuels, aiming to replace fossil fuels across various sectors. Founded in 2013 at Idealab, Heliogen has developed a concentrated solar energy system powered by artificial intelligence, which offers a range of solutions including HelioMax, a closed-loop control system for electricity generation and process heat applications; HelioHeat, which provides carbon-free, ultra-high temperature heat for industries like cement, refining, and mining; and HelioFuel, renewable fuels suitable for transportation, heavy equipment, and household heating. Heliogen's mission is to create technology that can commercially replace fossil fuels in industrial processes with sustainable energy sources.

Optimus Ride

Series B in 2019
Optimus Ride is a self-driving vehicle company based in Boston, Massachusetts, that focuses on developing technologies for efficient, sustainable, and equitable mobility systems. As a spinoff from the Massachusetts Institute of Technology, the company leverages over 30 years of interdisciplinary research in self-driving technologies, electric vehicles, and mobility-on-demand systems. Its technology integrates advancements in sensor fusion, mapping, computer vision, and machine learning, tailored for geofenced environments. The team comprises individuals with extensive industrial and entrepreneurial experience in areas such as manufacturing robotics, urban design, and shared vehicle fleet management, enabling diverse applications ranging from commercial vessel operations to transit solutions.

Generac Grid Services

Venture Round in 2015
Generac Grid Services, formerly known as ENBALA Power Networks Inc., operates a sophisticated energy-balancing platform that utilizes its proprietary Concerto software. This platform captures and aggregates customer loads, energy storage, and renewable energy sources, forming a network of controlled energy resources. By optimizing and dispatching these resources, Generac Grid Services addresses the real-time demands of the power system, providing solutions for utilities, energy service providers, grid operators, and energy consumers. The company, established in 2003 and based in North Vancouver, Canada, specializes in smart grid technology, ancillary services, and energy management, emphasizing a flexible approach to creating controllable and dispatchable energy resources.

SoCore Energy

Acquisition in 2013
SoCore Energy, now operating as ENGIE US Solar, specializes in the design, development, and installation of solar energy solutions, with a strong focus on commercial rooftop installations and direct-connect solar systems. Founded in 2008 and based in Chicago, Illinois, the company primarily serves multisite retailers, real estate investment trusts (REITs), and industrial clients. By combining engineering expertise with financial innovation, SoCore Energy aims to lower the costs associated with solar energy implementation, helping clients reduce operational expenses and protect against rising utility rates. As a subsidiary of ENGIE North America Inc., SoCore Energy has established itself as a leader in solar portfolio development, emphasizing its commitment to meeting the solar energy needs of a diverse clientele.
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