SOUTH NORWALK, Conn., Nov. 30, 2011 /PRNewswire/ -- North American Power (www.napower.com), one of the nation's fastest-growing retail energy suppliers, was today named one of Forbes' America's Most Promising Companies, securing its spot as the number one ranked Connecticut-based company on this year's list.
"It is an honor to have been recognized by an established and respected publication such as Forbes," says Kerry Breitbart, CEO of North American Power. "Our company remains committed to providing consumers a choice to take advantage of affordable and more sustainable energy choices, while staying true to our core mission of social entrepreneurship, charitable giving and providing an opportunity to gain financial independence through our rapidly expanding customer referral program."
Forbes' list of America's Most Promising Companies features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.
"Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there's a dearth of public data," says Forbes Executive Editor Brett Nelson. "We took a more comprehensive approach to evaluate their health and potential."
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company's health. Forbes married Mosaic's data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete the list, please visit http://www.forbes.com/ampc.
ABOUT NORTH AMERICAN POWER
As one of the nation's fastest-growing retail electricity suppliers, North American Power places community at the center of its mission; helping consumers make smarter energy choices, giving back to non-profits through fundraising programs including Mission to Millions, creating sustainable income opportunities through its innovative customer referral program and offering customers a variety of energy choices that positively impact the environment, including American Wind, a new, national 100% renewable energy product. For more information, visit napower.com.
SOURCE North American Power