DURHAM, N.C., Jan. 25, 2016 /PRNewswire/ -- Phononic, the semiconductor company revolutionizing cooling and heating, today announced it was named in the prestigious 2015 Global Cleantech 100, produced by Cleantech Group, whose mission is to connect corporates to sustainable innovation through its i3 Connect platform and global events.
The Global Cleantech 100 represents the most innovative and promising ideas in cleantech. Featuring companies that are best positioned to solve tomorrow's clean technology challenges, Global Cleantech 100 is a comprehensive list of private companies with the highest potential to make the most significant market impact.
In addition to being one of the top 100 private companies in cleantech, Phononic was also the recipient of the "Industrial Innovation Company of the Year" Award. Sponsored by ABB Technology Ventures this award is given to the highest-ranked company with the most impact on industrial energy efficiency.
"Finding sustainable and energy-efficient cooling and heating solutions is critical. Americans consume an astounding 189 billion kWhr/year to cool our homes, primarily using compressor-based appliances requiring global warming refrigerants that can leak into the atmosphere," said Tony Atti, CEO and Founder, Phononic. "Our solid-state cooling and heating technology, used in refrigeration and climate control, is energy-efficient, eliminates toxic refrigerants, and helps to reduce the home's carbon footprint. This award shows the importance of our work and excitement to show the world that sustainable living can be accomplished without sacrificing the living standards and comfort we've grown accustomed to."
The Global Cleantech 100 list is collated by combining proprietary 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.
This year, a record number of nominations were received: 6,900 distinct companies from 60 countries. These companies were weighted and scored to create a short list of 323 companies. Short-listed nominees were reviewed by Cleantech Group's Expert Panel, resulting in a finalized list of 100 companies from 17 countries.
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. The composition of the expert panel broadly represents the global cleantech community, from pioneers and leaders to veterans and new entrants. The diversity of panelists results in a list of companies that command an expansive base of respect and support from many important players within the global cleantech innovation ecosystem.
"The Global Cleantech 100 provides us with insight into the collective opinion of key market players on which megatrends and innovation companies are most likely to have a significant impact in the next 5-10 years," said Michele Parad, Senior Manager at Cleantech Group and lead author of the Global Cleantech 100 Report. "Now in its 7th year, the Global Cleantech 100 program reveals which themes are staying relevant and which sectors are taking center stage."
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 corporates 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 offices in London. For more information, visit; www.cleantech.com
About Phononic
Phononic is revolutionizing cooling and heating with solid state thermal management solutions. Headquartered in the heart of North Carolina's Research Triangle Park, the company provides solid state semiconductor technology that can be applied to everything from refrigeration to fiber optics, removing the barriers of traditional approaches and ushering in a new era of cooling and heating. The result is a solution to this age-old challenge that is distributed, convenient, sustainable, and connected. For more information visit www.phononic.com or follow us on Twitter @PhononicRTP.
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