OpenHydro, 2011 Later Stage Award Top 30 Finalist (Ireland)

OpenHydro announced that it has been chosen by the Global Cleantech Cluster Association as a 2011 Later Stage Award Top 30 finalist.

Inclusion in the GCCA Global Top 30 reflects the strong business and market position of the company in the marine renewables sector, and signifies that its innovative approaches and technologies are gaining a foothold in the new global green economy. OpenHydro was nominated for the GCCA Later Stage Award by An tSlí Ghlas, The Green Way – Ireland‟s Cleantech Cluster. The company‟s business model, market position and potential (among other criteria) qualified it to be a GCCA Later Stage Award 2011 Global Top 30 Finalist.

OpenHydro and the other 2011 Global Top 30 companies will be honoured at the GCCA‟s Later Stage Award Dinner held in conjunction with the Dublin Cleantech Forum on November 14th, 2011. Co-hosted by An tSlí Ghlas, the full day executive event features CEO presentations and high-level discussions on the most critical topics for emerging clean technology companies and investment opportunities.

“Narrowing down 185 nominations from cleantech clusters all over the world down to 30 was a very competitive process,” says Ben Taube, Chairman of the GCCA. “These Top 30 Finalists are the rising stars of the world‟s clean technology sector.”

“These companies, with their customers and revenue, are building significant green collar economies in the regions where they operate,” said Shawn Lesser Co-Founder of the GCCA. “For the health of the planet, both economically and environmentally, we are committed to spotlighting these game-changing companies on the world stage.”

The GCCA Later Stage Award Global Top 30 Finalists were selected out of the 4000 companies represented by the GCCA‟s 30 member clusters, ranging from North America and Europe to Asia. Each cluster conducted internal evaluations to nominate up to 10 companies in 10 categories, including solar, wind, energy storage, green buildings, water and more. In total, these member clusters nominated 185 companies for the 2011 Later Stage Award. The Top 30 finalists were screened for investment grade through the Keystone Method™, a data-driven business assessment and venture development tool developed by GCCA Head Judge Dr. Peter Adriaens at The University of Michigan, and CleanTech Acceleration Partners .

James Ives, CEO of OpenHydro, highlighted the contribution of all within the company in helping to achieve this significant recognition saying „The commitment from all employees at OpenHydro is exemplary – the determination, focus and expertise across the company are the drivers behind our success, together with the support and partnership of our customers and shareholders alike.‟

The 2011 Later Stage Award is sponsored by Grant Thornton International.

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Source: openhydro, November 03, 2011