Pentadyne Power Corporation Named a Global Cleantech 100 Clean Technology Company
Recognized by the Guardian and Cleantech Group for potential and likelihood to achieve high growth and high market impact
CHATSWORTH, Calif. – Dec. 11, 2009- Pentadyne Power Corporation (www.pentadyne.com), a world leader in flywheel energy storage systems, announced it has been named a Global Cleantech 100 company by Guardian News and Media and Cleantech Group™, LLC, providers of leading research, events and advisory services for the cleantech ecosystem.
The Global Cleantech 100 is the first ever list highlighting the most promising private clean technology companies around the world. Supported by the Carbon Trust, the Global Cleantech 100 recognizes companies at the forefront of cleantech innovation offering solutions to some of the world’s most pressing environmental challenges.
The final list represents the collective opinion of hundreds of leading experts from cleantech innovation and venture capital companies in EMEA, North America, India and China, combined with the specific input of an expert panel of 35, drawn from well-respected organizations such as Altira Group, Crossover Advisors, Deloitte, Emerald Technology Ventures, Google, Kleiner Perkins Caulfield & Byers, New York Stock Exchange, NGEN Partners, Nth Power, New Enterprise Associates, Sterling Communications, Tsing Capital and Vantage Point Venture Partners.
The panel’s views were combined with insights from the Cleantech Network™, the de facto industry association of international clean technology investors, entrepreneurs, large corporations and other industry insiders. Some 3,500 companies were nominated/considered.
“The first ever Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is most excited about from a commercial standpoint,” said Richard Youngman, managing partner at Cleantech Group.
“We’re very excited to receive this recognition from the Guardian and Cleantech Group,” said Pentadyne President and CEO, Mark McGough. “Especially on the heels of winning a landmark flywheel energy recycling rail project for New York City. As a clean technology company, we provide green, hazmat-free flywheel technology that offers real bottom-line benefits to our customers, as well as tremendous benefits to the environment. The 2.4 megawatt energy recycling system that the Metropolitan Transit Authority of New York will be installing will be used to capture, store and reuse braking energy of trains. We are confident that many more electric rail facilities will follow.”
“Pentadyne’s recycling system capitalizes on the company’s extensive commercial experience, which is exactly why Pentadyne was chosen as a Global Cleantech 100 company,” stated Edward Forwood, Pentadyne Chairman and Managing Director of Loudwater Partners in London. “We have taken our proven flywheel technology and created an extremely rapid and efficient energy recycling and storage version for electric rail applications.”
Pentadyne Power Corporation received the award on the basis of its design and manufacture of sustainable, environmentally responsible flywheel energy storage systems. Pentadyne’s clean energy flywheels store energy kinetically instead of chemically, eliminating the need for environmentally harmful lead-acid batteries commonly used in uninterruptible power supply (UPS) systems, as well as for rail energy recycling systems.
More than half (56) of the companies listed on the Global Cleantech 100 are headquartered in North America, while European firms make up 36 percent. Five firms are based in Israel and three in India.
About Pentadyne Power Corporation
Pentadyne is the leading manufacturer of flywheel energy storage systems used for electrical energy recycling applications and replaces thousands of toxic lead-acid batteries used with uninterruptible power supply (UPS) systems. Flywheels made by Pentadyne, an Inc. 500 listed company, deliver 20 times greater reliability than batteries, need near-zero maintenance and have a footprint and lifecycle cost less than half that of batteries. Using 90% less power than other flywheels, this environmentally responsible system provides high power output and electrical energy storage in a compact, self-contained package. An ISO-9001-certified company, Pentadyne designs and manufactures its award-winning products in Greater Los Angeles.
Contact:
Amanda O’Brien, Marketing Specialist
818-350-0370 x223