FREMONT, CA--(Marketwired - January 28, 2016) - Imergy Power Systems, a leader in advanced energy storage solutions, announced today that it has been named to the prestigious 2015 Global Cleantech 100 produced by Cleantech Group, a leading global research and advisory firm focused on innovation in energy and the environment. From a record 6,900 nominated companies in 60 countries, Imergy earned its place among the elite 100.
The Global Cleantech 100 recognizes private companies regarded today as the most likely to make a significant market impact. They are the companies that represent the most innovative and promising ideas in clean technology, and are believed best positioned to address the world's cleantech challenges.
"We are honored to be selected by Cleantech's expert panel representing multi-national corporations based around the world. This recognition reflects the significance of the growing market adoption of energy storage," says Imergy chief executive officer, Bill Watkins. "And as we continue to make dramatic progress on our game-changing vanadium flow battery technology, we see the cost of energy storage becoming abundantly affordable and rapidly transforming the global energy industry into a $200 billion market opportunity."
According to Heather Matheson, Senior Program Manager, Cleantech Group, "This year the list shows energy storage as the breakout category, suggesting that the market believes improved storage performance and battery costs will have massive impact in the coming 5-10 years on the energy sector and many industries beyond."
The Cleantech Global 100 list is derived from Cleantech Group research data combined with the weighted qualitative judgments of hundreds of nominations and the viewpoints of a global panel of 100 cleantech experts. To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.
The full report with commentary and insight on the 2015 Global Cleantech 100 is available for download at http://www.cleantech.com/indexes/global-cleantech-100/2015-global-cleantech-100/.
Groundbreaking Storage
Imergy Power specializes in a proprietary, vanadium based flow battery system, the most cost-effective energy storage solution available today. Flow batteries essentially store energy in a liquid electrolyte that circulates between tanks. The simplicity of the design creates a robust and efficient system that can be cycled thousands of times in a year, and charged and discharged completely without impact on its lifespan. Integrated power electronics manage the charging and discharging processes, but the unique architecture allows the system to be scaled up in size by simply increasing the electrolyte volumes. The Imergy product inherently lasts longer than conventional batteries, with lower maintenance costs and fewer thermal management concerns.
About Imergy Power Systems
Imergy Power Systems is a leader in stationary energy storage solutions using innovative flow battery technology. Its proven Energy Storage Platform (ESP) provides a total solution to reduce energy cost and optimize renewable power generation while improving overall power reliability. Imergy Power Systems is headquartered in Fremont, California, USA, with additional operations in Europe, Asia, and the Americas. The Company's investors include venture capital firms NEA, Technology Partners, and Blue Run. For more information about the company, please visit www.imergy.com or follow us on Twitter.
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Source: Marketwired (Canada)
(January 28, 2016 - 6:00 AM EST)
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