SAN FRANCISCO, Jan. 23, 2017 /PRNewswire/ -- Energy storage leader Sunverge Energy has been named to the Global Cleantech 100 list for 2017, marking the second consecutive year the company has been recognized for its innovative contributions that advance the adoption of clean technology. The list, now in its eighth year, honors private cleantech companies that an expert panel judges to be "the most likely to make the most significant market impact" over the coming decade.
"We're honored once again that our innovative technology and our strength as a company have been recognized with a place on the prestigious Cleantech 100," said Ken Munson, co-founder and CEO of Sunverge Energy. "Over the past year we've been on a steady growth path, and we have seen our platform employed by utilities around the world to reduce costs and manage distributed energy resources through the creation of ever-larger virtual power plants."
Sunverge earned its place on the list after a field of 9,900 companies from around the world had been scored and narrowed to 325 top contenders. Those companies were then evaluated by 86 expert panelists from public cleantech corporations and related industry veterans. The winners were chosen for their high degree of innovation as well as their market potential and their ability to execute on their strategy.
To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.
About Cleantech Group
Founded in 2002, the mission of Cleantech Group (CTG) is to accelerate sustainable innovation. Our subscriptions, events and programs are all designed to help corporates, investors, and all players in the innovation ecosystem discover and connect with the key companies, trends, and people in the market. Our coverage is global, spans the entire clean technology theme and is relevant to the future of all industries. The company is headquartered in San Francisco, with a growing international presence in London.
Our parent company, Enovation Partners, one of Consulting Magazine's 7 to Watch, is based in Chicago (learn more at www.enovationpartners.com).
About Sunverge Energy
San Francisco and Brisbane, Australia-based Sunverge Energy allows homeowners efficient management of their own renewable energy generation and helps utilities, retailers and solar power providers manage those renewable power sources and aggregate them into virtual power plants across neighborhoods, communities and entire service areas — reliably, effectively and intelligently. Founded in 2009, the company makes the Sunverge Solar Integration System (SIS), a distributed energy storage and management appliance comprised of powerful storage batteries, power electronics, and system-management software running in the cloud. The Sunverge SIS lowers costs, increases energy reliability, strengthens the grid, and accelerates the adoption and integration of distributed renewable energy. Investors include AGL, the Southern Cross Renewable Energy Fund backed by the Australian Renewable Energy Agency (ARENA), and SB China Venture Capital (SBCVC), Kokan, MITSUI & Co., Siemens Venture Capital, Total Energy Ventures International and VisIR. For more information, please visit www.sunverge.com.
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SOURCE Sunverge Energy
