WASHINGTON, Oct. 26 /PRNewswire/ -- Prudent Energy, the world leader in VRB® Energy Storage Systems, announced it has been named in the 2010 Global Cleantech 100, as one of the most promising private clean technology companies from around the world poised to make a significant market impact over the next 5-10 years. To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.
4,616 nominations were received from 3,260 unique sources, giving a long list of 3,138 companies drawn from 50 countries. 218 companies were presented to the expert panel for final input. The end result was 100 companies from 14 countries.
The 60-strong expert panel is drawn from well-respected organizations in cleantech innovation from around the world, including leading investors such as Emerald Technology Ventures, Generation Investment Management, Kleiner Perkins Caulfield & Byers, New Enterprise Associates, SAM Private Equity, Sequoia Capital, and VantagePoint Venture Partners, and from a wide variety of corporations from many different industries, such as BASF, GE, Honeywell, IBM, Procter & Gamble, Siemens, and Veolia.
"This second Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is currently most excited about, from a commercial standpoint," said Richard Youngman, MD, Europe & VP, Global Research at Cleantech Group.
"We are delighted to have Prudent Energy recognized by such a distinguished panel of investors and executives," said Jeff Pierson, Senior Vice President and head of the company's Bethesda, Maryland office. "We see a tremendous opportunity for Prudent's VRB® Energy Storage Systems to serve power utilities and industrial customers, especially as they struggle with integrating renewable energy and managing the costs of upgrading the grid."
About Prudent Energy
Prudent Energy is the designer, manufacturer, and integrator of the patented VRB Energy Storage Systems (VRB-ESS®) – a large-capacity, long life, advanced energy storage system. With its US headquarters in the Washington, DC area, core engineering teams in Buffalo, NY, and Vancouver, Canada, and low-cost component and sub-assembly manufacturing in China, Prudent Energy is deploying clean energy storage solutions for both small scale and grid-scale power applications throughout the world. Unlike other flow battery systems, the energy-holding electrolyte in Prudent's VRB® systems operates at room temperature and never wears out. In addition, customers only buy the capacity they need and can easily add energy and power in modular fashion, making the VRB-ESS® an ideal choice for renewable energy resource grid integration, remote area power supplies, and smart grids.
SOURCE Prudent Energy