CPower Has Been Named a 2010 Global Cleantech 100 Company
NEW YORK, Nov. 4, 2010 /PRNewswire/ — CPower, a leading energy management and demand response firm, and subsidiary of Constellation Energy (NYSE: CEG) announced that it has been named in the prestigious 2010 Global Cleantech 100 list of companies. Global Cleantech 100 is produced by the Cleantech Group, providers of leading global market research, events and advisory services for the cleantech industry as part of the Global Cleantech 100 program, run in collaboration with the Guardian News and Media and sponsored by Autodesk.
The Global Cleantech 100 is unique in as much as it highlights the most promising private clean technology companies from all around the world, those companies which are the most likely to make the most significant market impact over the next 5-10 years, in the eyes of the world’s cleantech experts.
The nomination is derived by the Cleantech Group, who draws on its own data and research, and combines it with the weighted qualitative judgments of both hundreds of cleantech industry insiders, and the viewpoints of a 60-strong, international expert panel. To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.
According to the Cleantech Group, 4,616 nominations were received from 3,260 unique sources, giving it a long list of 3,138 companies drawn from 50 countries. 218 companies were presented to the expert panel for final input and the end result comprised of 100 companies from 14 countries.
Cleantech Group’s 60-strong expert panel was 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.
“The 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. “There have been significant changes since 2009: more Asian companies and less renewable energy generation companies attest to the growing diversification of cleantech innovation. Cleantech is a broader phenomenon than just clean energy. The wider issues of resource scarcity are starting to gain attention and traction.”
“The Global Cleantech 100 list represents the most rigorous, serious attempt made yet to provide a scorecard of the progress that is being made by cleantech companies. This year’s expert panel involved a greater level of corporate participation than last year’s, and we also saw an increased presence of companies from China in the Top 100 list – both trends that we at VantagePoint see as critical signs of the times,” commented Stephan Dolezalek, the Cleantech Group Leader at VantagePoint Point Venture Partners. VantagePoint, for the second year in a row, had more investee companies in the 100 than any other investor.
“We are very excited and honored to be picked as one of The Global Cleantech 100 companies,” said Gary Fromer, Senior Vice President of Demand Response for Constellation Energy. “Demand Response technology is critical to achieving global energy efficiency and management goals. We are very proud that we have been recognized as a leader in this expanding market.”
The complete list of 100 companies was unveiled at the Cleantech Forum New York, http://events.cleantech.com/newyork/. Some of the companies were showcased in New York on October 13, 2010, others at the Guardian’s Cleantech Summit in London on November 23, 2010 (http://www.guardian.co.uk/cleantechsummit).
The full list of Global Cleantech 100 firms is available online, on the websites of the Cleantech Group (http://cleantech.com/GlobalCleantech100.cfm) and the Guardian (http://www.guardian.co.uk/globalcleantech100).
About the Cleantech Group, LLC
Cleantech Group, the leading global research and advisory firm focused on cleantech innovation, pioneered the clean technology category in 2002. Today, it helps its clients make critical business decisions by providing the latest market intelligence through subscription-based research, custom advisory services, and global networking events. The company’s growing international client base includes global corporations, investors, entrepreneurs, governments, and service providers. The company also produces the premier Cleantech ForumÃ‚® and Focus(TM) events worldwide, including upcoming events in Paris, New York, Chicago, and Los Angeles. Details are available at http://www.cleantech.com
CPower is proud to be part of the Constellation Energy family.
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It owns a diversified fleet of generating units located in the United States and Canada, totaling approximately 9,000 megawatts of generating capacity, and is among the leading advocates for the development of new nuclear plants in the United States. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $15.6 billion in 2009.
Constellation Energy manages and aggregates demand response capacity programs in New York, New England, the Great Lakes region and Mid-Atlantic states that are members of PJM, California, Texas and Ontario, Canada. In addition to providing demand response programs, energy efficiency and renewable energy solutions, Constellation Energy is proud to offer its newest energy management product, VirtuWatt(TM), an intuitive, user-friendly, easily accessible energy management system that allows customers to manage and optimize electricity usage actively in real-time and reduce energy bills by managing consumption during peak pricing periods and demand response events. Using the VirtuWatt online dashboard, customers can track, manage and act against current energy usage, usage trends and real-time market pricing and circumstances.
VirtuWatt – redefining the way power-intensive businesses manage demand and lower energy bills.
CONTACTS: Nazli Ekim Kwittken & Company email@example.com 646-747-7167 Maureen Brown Constellation Energy Maureen.firstname.lastname@example.org 410-470-4001