- Awards
- 2008: Inc. Magazine
Pentadyne on Inc 500
- 2008: AlwaysOn Network
GoingGreen Top 100 Award
- 2008: Buildings Magazine
Editors' Choice Top Product Pick
- 2007: Buildings Magazine
Editors' Choice Top Product Pick
- 2007: EC&M Magazine
Power Conditioning Product of the Year
- 2007: SearchDataCenter.com
Backup Power Product of the Year
- 2007: The World Economic Forum
Technology Pioneer.
- 2006: Consulting-Specifying Engineer
A Perfect 10
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<p><img class="right" alt="" width="250" height="234" src="/uploads/18/Image/company/general4mark.jpg" />The development of what today is Pentadyne Power Corporation began in 1993 as a privately funded entity that sought to create a flywheel-based energy storage device for hybrid-electric automotive applications. Then known as Rosen Motors, founded by Harold and Ben Rosen (of Compaq and Sevin-Rosen Funds), the firm spent more than $24 million to develop and successfully demonstrate the world’s first microturbine/flywheel powered hybrid vehicle prototype in January 1997.<br />
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While vehicular applications held promise, stationary uses of flywheel energy storage would prove a more lucrative, more immediate source of product sales. Pentadyne Power Corporation was founded in 1998 to do just that. Flywheels were ideally suited to replace conventional lead-acid batteries commonly used in commercial and industrial continuous power quality applications. Paul Craig (former President and CEO of microturbine manufacturer Capstone Turbine) co-founded Pentadyne Power Corporation and acquired the intellectual property to incorporate the specialized flywheel technology into power quality/reliability solutions.<br />
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In 2001, Pentadyne hired its first employees and successfully demonstrated its flywheel technology for such applications. In mid-2002, Pentadyne secured its first venture capital funding – raising over $13 million – and moved to a new production facility. During 2003, Pentadyne successfully completed its beta field trials and, by year’s end, had sold its first production unit to <a target="_blank" href="/uploads/18/File/casestudyLAB.pdf">NASA’s Glenn Research Center</a>.<br />
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In 2004, the Pentadyne clean energy storage system was been named <a href="/site/2004-news/021704.html">Product of the Year</a> by <em>Plant Engineering</em> magazine, won the <em>Frost & Sullivan </em>2005 <a href="/site/2005-news/081105.html">Technology Innovation Award</a>, earned <a href="/site/2006-news/112006.html">A Perfect 10</a> designation in 2006 voted by the readers of Consulting-Specifying Engineer magazine and, as a part of Socomec power certainty solution, earned the <em>Frost & Sullivan</em> <a href="/site/2006-news/100606.html">Product Innovation of the Year</a> award in 2006. <br />
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In 2006, then-CEO/Chairman Paul Craig retired and Pentadyne’s Board brought in <a href="/site/company/mark-e-mcgough.html">Mark McGough</a> to establish Pentadyne as a worldwide leader in clean energy storage systems. An energy industry veteran with a 23-year track record of successes, Mr. McGough has led Pentadyne to new heights, with product launches in the European market, key channel partnerships in the US, EMEA and Asia, the first high volume production of its flywheel systems, and the industry’s first gross-margin-positive product sales. Shipments just in the month of September 2006 exceeded the total volume shipped in 2003 through 2005.<br />
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Pentadyne has been recapitalized by its leading group of investors, received the <a href="/site/2007-news/051407.html">largest order</a> in company history, increased sales <a href="/site/2006-news/101906.html">backlog to triple-digits</a> – and successfully completed the design and launch of today’s pace-setting next-generation product: <a href="/site/our-products/specifications.html">the VSS+dc</a>.<br />
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In 2007, Pentadyne was designated a <a href="/site/2006-news/120406.html">Technology Pioneer</a> by the World Economic Forum and its products were named <a href="/site/2007-news/031207.html">Backup Power Product of the Year</a> by SearchDataCenter.com, Power Conditioning Product of the Year by EC&M magazine and was a Buildings magazine <a href="/site/2007-news/060407.html">Editors’ Choice Top Product Pick 2007</a>.</p>
<p>In 2008, Pentadyne had shipped its <a href="http://pentadyne.com/site/2008-news/043008.html">500th flywheel system</a> (currently, more than 750 units shipped) and the installed fleet surpassed 2 million hours of commercial operation (4.5 million now). By mid-year, Pentadyne had <a href="http://pentadyne.com/site/2008-news/073008.html">surpassed the former market leader</a> in unit shipments to become the world's leading manufacturer of flywheel energy storage systems. Our DoD contractor customer ordered <a target="_blank" href="http://pentadyne.com/site/2008-news/101508.html">nearly $5M in flywheel systems</a> in 2008 for military sites. Due to triple-digit growth in 2006 and again in 2007, Pentadyne achieved a ranking of <a href="http://pentadyne.com/site/2008-news/082108.html">#162 on the 2008 Inc. 500 list</a>. The company also ranked #7 among all energy companies nationwide. The Los Angeles Business Journal ranked Pentadyne <a target="_blank" href="http://pentadyne.com/site/2008-news/111908.html">#1 in growth among all private companies in Greater Los Angeles</a>.<br />
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Pentadyne has become the OEM supplier of flywheel clean energy storage systems to several of the world’s leading brands of UPS systems, and has achieved its goal to become the world’s leading supplier of flywheel energy systems. Its systems are used individually and in arrays (a <a href="http://pentadyne.com/site/2007-news/112907.html">4.5 MW bank</a> of 24 Pentadyne flywheels is the largest to date) in applications ranging from data center/corporate IT to television broadcast, healthcare, laboratory, financial services, education, utility, electronic gaming, manufacturing, transportation, government and the military.</p>
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History
2009-05-07T11:43:53-04:00