January 25, 2016 - 8:30 PM EST
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Sunverge Named to Global Cleantech 100 List

Energy storage pioneer recognized for innovation and impact on the market

SAN FRANCISCO, Jan. 25, 2016 /PRNewswire/ -- Intelligent energy storage leader Sunverge Energy today announced it has been named to the 2015 Global Cleantech 100, a comprehensive list of the most innovative and promising private companies in cleantech. Sunverge earned its place on the list from a field of 6,900 companies from 60 countries.

Energy storage system with cloud-based management software from San Francisco-based Sunverge Energy

Produced by Cleantech Group, the Global Cleantech 100 recognizes companies that are best positioned to solve tomorrow's clean technology challenges and have the greatest impact on the market.

"We're honored to be included on the prestigious Cleantech 100 list," said Ken Munson, co-founder and CEO of Sunverge Energy. "We set out from day one to bring innovative and market-expanding thinking to renewable energy. Our goal is to provide our utility and solar provider customers with grid-quality storage and a highly intelligent control platform that will have a significant impact on their businesses and on the reduction in global carbon emissions."

Selection to the list is based on the results of Cleantech Group research data, with weighted qualitative judgments of hundreds of nominations, and specific inputs from a global 100-person Expert Panel. To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange. Previous winners include Tesla, Silver Spring Networks, Opower and Nest.

This year's record 6,900 nominations were culled to a short list of 323 companies that then were reviewed by Cleantech Group's Expert Panel to produce the final list. The 100-member expert panel was drawn equally from leading financial investors and representatives of multi-national corporations and industrials active in technology and innovation scouting across Asia, Europe, and North America.

"Energy Storage is the breakout category of the 2015 Global Cleantech 100, exciting our innovation community for its future potential," said Michele Parad, Senior Manager at Cleantech Group and lead author of the Global Cleantech 100 Report. "Sunverge, a newcomer to the list, impressed us for having benefits for both the consumer and the grid, and for their ability to capture solar power and deliver it when needed most."

The complete list of 100 companies was revealed on January 25th at Cleantech Forum San Francisco (http://events.cleantech.com/cleantech-forum-sf/) and a full report with commentary and insight on the 2015 Global Cleantech 100 is available at http://www.cleantech.com/indexes/global-cleantech-100/2015-global-cleantech-100/.

About Cleantech Group                                                                                                 

Founded in 2002, Cleantech Group's mission is to accelerate sustainable innovation. Core to this mission is i3, an online platform that connects corporations with innovation, at scale, by allowing them to find, vet, and connect with start-ups—efficiently building an innovation pipeline. The i3 platform comes to life at our global Events, which convene corporates and start-ups, along with other players shaping the future of sustainable innovation. Cleantech Group is headquartered in San Francisco and has offices in London. For more information, visit www.cleantech.com

About Sunverge Energy

San Francisco-based Sunverge Energy was founded in 2009 with the vision of integrating solar, storage, and smart management software to maximize value for both electricity consumers and providers. 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 Southern Cross Venture Partners, Siemens Venture Capital, Softbank China Venture Capital and Total Energy Ventures International. For more information, please visit www.sunverge.com.

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SOURCE Sunverge Energy

Source: PR Newswire (January 25, 2016 - 8:30 PM EST)

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