Gridco Systems is Named in the 2013 Global Cleantech 100
List Recognizes the Top Private Companies in Clean Technology
WOBURN, MA – October 10, 2013: Gridco Systems, a leading provider of intelligent and agile distribution grid infrastructure, today announced it was named in the prestigious 2013 Global Cleantech 100, produced by Cleantech Group, a global market intelligence and consulting firm helping executives connect with innovation.
The Global Cleantech 100 list is unique because it highlights the promise of private clean technology companies from all around the world, focusing on those companies which the players in the market feel are currently the most likely to make the most significant market impact over the next 5-10 years.
“We are honoured to be named to the 2013 Global Cleantech 100 and recognized among this elite group of cleantech leaders and innovators. The evolution of the distribution system into a flexible, agile and resilient power delivery platform is a necessary step in order to meet current, emerging and future utility business objectives and regulatory goals. We are committed to delivering the most economical, reliable and efficient solutions to facilitate this transition,” said Naimish Patel, CEO of Gridco Systems.
The list is derived from Cleantech Group’s own data and research, combined with the weighted
qualitative judgments of hundreds of nominations, and the viewpoints of a global 90-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.
“The Global Cleantech 100 is a natural extension of our vision to help corporations and investors connect with innovation around the world,” said Sheeraz Haji, CEO of Cleantech Group. “This
list celebrates inspiring entrepreneurs, and serves as the industry standard on gauging where innovation is headed across key sectors.” 5,864 companies were nominated this year from 60 countries. These companies were weighted and scored to create a short list of 300 companies. Vital information on these short-listed companies—including key data from Cleantech Group’s i3 platform—was presented to the expert panel for final input. The end result was 100 companies from 18 countries. The 90-member expert panel was drawn principally from leading financial investors and representatives of multi-national corporations, located in Asia, Europe, and North America. The composition of the expert panel is created to be broadly representative of the global cleantech community, and includes pioneers, leaders, veterans, and new entrants in cleantech. This diversity results in a list of companies that command a broad base of respect and support from many important players within the global cleantech innovation ecosystem. “The composition of the 2013 Global Cleantech 100 represents a distinct shift in thinking from deal-makers in the marketplace,” said Richard Youngman, Cleantech Group’s Managing Director, Europe & Asia. “Fifty-one new entrants and noticeable shifts in sub-sectors and
company types commanding the broadest level of support speak to a transition of opinion of which types of companies deal-makers believe today are the most likely to have significant market impact in a 5-10 year timeframe.”
- The complete list of 100 companies was revealed on October 9th at the Global Cleantech 100 Summit & Gala in Washington, D.C. http://events.cleantech.com/global100/.
- For complete information on Gridco System’s leadership within the cleantech space, access i3—Cleantech Group’s leading market intelligence platform—and search for Gridco Systems at http://research.cleantech.com/
- The list is accompanied by a full report—authored by Cleantech Group, powered by data from Cleantech’s i3 platform, and sponsored by Autodesk—which offers commentary and insight on the 2013 Global Cleantech 100, and is available for download at http://www.cleantech.com/gc100report/
- The complete list of Global Cleantech 100 firms and expert panel members is available online www.cleantech.com/global100/2013-panelists/
About Cleantech Group
Cleantech Group helps clients accelerate sustainable innovation. The company’s i3 platform allows subscribers to discover companies and explore cleantech trends strategically with
proprietary real-time data. Cleantech Forums bring together thought leaders and innovators in the cleantech and sustainability ecosystem. The company’s advisory services leverage expertise in designing and executing corporate strategies for sustainable growth and innovation sourcing.
Details at www.cleantech.com
Tel: +1 (415) 233-9712
About Gridco Systems
Gridco Systems is introducing a new class of intelligent power distribution solutions that enable utilities to meet the evolving demands of the 21st century electric grid. Our solutions leverage recent advances in power electronics in combination with distributed intelligent control systems to dynamically manage power distribution below the substation with an unprecedented level of predictability and precision.