Welcome!

@BigDataExpo Authors: Elizabeth White, Carmen Gonzalez, Liz McMillan, Peter Silva, William Schmarzo

News Feed Item

$462.24 Million in Cleantech Financing Garnered by Winners of 2011 GCCA Later Stage Awards

Success of winners in 2012 shows Global Cleantech Clusters are ground zero for growing clean technology economy

ATLANTA, Feb. 13, 2013 /PRNewswire/ -- A little over a year after 10 cleantech companies were awarded their "Best in Class" distinctions at the 2011 Global Cleantech Cluster Association Later Stage Awards, the firms have collectively secured $462.24 million in funding and project contracts, with additional funding undisclosed. Most recently, Best in Energy Efficiency winner Albeo Technologies was acquired by GE Lighting for an undisclosed sum. In total, the winning companies secured $344.47 million in investment, growth equity, grants, and loans, with an additional $117.77 million in project and vendor contracts. Details on specific companies below. The GCCA is currently accepting nominations for its 2013 Later Stage Awards (deadline June 1, 2013).

(Logo: http://photos.prnewswire.com/prnh/20130213/SF59113LOGO)

"The success of these winners of the GCCA's annual Later Stage Award is indicative of the continued growth of clean technology and renewable energy markets around the world," said GCCA co-founder Shawn Lesser, also co-founder of Watershed Capital Group.  "The fact that these companies are raising capital and securing projects bolsters the idea that cleantech cluster organizations are a serious factor in the health of the clean economy. They are our boots on the ground." 

The 2011 Later Stage Awards were the inaugural year for the contest. It featured 185 nominations from 36 GCCA member clusters.

"As GCCA continues this annual contest, we anticipate much more success in the investment into these leading edge cleantech companies," said Ben Taube, GCCA Executive Chair. "The winners in 2011, and now 2012, are leading in cleantech innovation and GCCA is at the forefront of assisting the global deployment of these solutions."

The 2012 success of the 2011 winners is also a testament to the Keystone Compact™, the judging criteria the GCCA uses to narrow 100s of nominations down to a top 3 in each category. In use since 2006, the method was developed by GCCA Head Judge Dr. Peter Adriaens, Professor of Entrepreneurship and Strategy at the Ross School of Business, along with Dr. Tim Faley, Managing Director of the Zell-Lurie Institute for Entrepreneurial Studies both located at the University of Michigan.

The two stage Keystone method reviews company and market information, as well as financials to determine both the investabilty and potential market size of the nominations. The top 3 in each category, known as the year's Global Top 30, are submitted to the GCCA Judging Panel, a 28 of the world's leading cleantech venture capital and private equity investors and serial entrepreneurs. Votes from this group, who collectively manage over $3.5 billion in global clean technology investment, determine the final winners for each category.

"With our Later Stage Winners it's paramount we pick the companies who have the largest opportunity to grow large and influential," said GCCA Head Judge Dr. Adriaens. "The investment community is clear, they are looking to invest in growing companies. For the cleantech economy to expand into a major market force, we want to showcase the firms poised with the most significant growth and market impact."

Success Detail for GCCA 2011 Later Sage Award Winners

Albeo Technologies
Best of Energy Efficiency  
Boulder, CO (cluster: Colorado Cleantech IA)

Beneq
Best of Advanced Materials
Vantaa, Finland (cluster: Finnish Cleantech Cluster)

Imperative Energy
Best of BioEnergy
Dublin, Ireland (cluster: The Green Way)

  • £75m project for 16.5MW biomass project CHP at the NEC, Birmingham, England
  • Undisclosed investment from Carbon Trust managed Northwest Fund as well as London based EIDC

Moventas
Best of Wind
Jyvaskyla, Finland (cluster: Finnish Cleantech Cluster)

  • €100 million acquisition by UK-based private-equity firm Clyde Blowers

Newalta
Best of Waste Management
Brossard, Quebec (cluster: EcoTech Quebec)

OpenHydro
Best of Tidal
Dublin, Ireland (cluster: The Green Way)

PowerGenix
Best of Storage
San Diego, California USA (cluster: CleanTECH San Diego)

Rentricity
Best of Water
New York, New York USA (cluster: NYC Acre)

  • $.3 million investment from the New York State Energy Research and Development Authority (NYSERDA) to develop energy recovery product designs for wastewater treatment plants. 

SAM Group
Best in Transportation
Zurich, Switzerland, (cluster: swisscleantech)

  • €3 million investment round for the development of the next generation of light weight electric vehicles

Solaris Synergy
Best of Solar
Chicago, Illinois USA (cluster: Chicago Clean Energy)

  • $ 0.4M. Grant
  • Recently received a permit from Israeli water company Mekorot to build their first facility near the city of Netivot.

About the Global Cleantech Cluster Association
Global Cleantech is a non-profit association, headquartered in Atlanta, Georgia, U.S.  that creates conduits for companies to harness the tremendous benefits of international cleantech cluster collaboration in an efficient, affordable, and structured way.  Global Cleantech provides a gateway for established and emerging cleantech companies to gain exposure to potential investors, new markets, influential networks, innovative technologies and best practices.  GCCA was founded by the Finnish Cleantech Cluster, Skipso, swisscleantech, Technica Communications and Watershed Capital Group. For more information about Global Cleantech, please visit www.globalcleantech.org.

MEDIA CONTACT
Technica Communications
Lisa Ann Pinkerton
408-806-9626
[email protected]

SOURCE Global Cleantech Cluster Association (GCCA)

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@BigDataExpo Stories
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.