Boston-Power, Inc., the rapidly growing provider of next-generation lithium-ion battery cells, announced that it has been named to the Global Cleantech 100 for the third year in a row. Produced annually by the Cleantech Group, in collaboration with the UK’s Guardian News and Media, the 2011 Global Cleantech 100 highlights the most promising private clean technology companies from around the globe that are poised to make a significant market impact.
Selected from more than 4,200 nominations encompassing over 45 countries, the full list of winners was revealed at the Cleantech Summit & Gala, held this week at the French Embassy in Washington, DC. In addition, Boston-Power Founder and International Chairman Dr. Christina Lampe-Önnerud will participate in the Summit’s “Insights from the Innovators: The Asia Advantage” panel on October 18 at 1:00 p.m.
Just last month, Boston-Power announced $125 million in new funding from a combination of private equity investment and support from China. According to Cleantech Group, the financing represents the second largest funding worldwide in the energy storage sector – the category that generated the greatest amount of investment in the third quarter of 2011. The growth capital and Chinese government incentives provided to Boston-Power will be used to scale manufacturing, research and development, and business development activities in China for the company’s award-winning energy storage technology and products. The round was led by GSR Ventures, a venture capital firm with over $1 billion under management that invests primarily in early stage and growth stage technology companies with substantial operations in China.
“The third Global Cleantech 100 exemplifies the best in cleantech innovation across the world,” said Richard Youngman, Managing Director, Europe & Asia, Cleantech Group and the founder of the Global Cleantech 100. “This list is based on the collective wisdom and experience of the world’s cleantech leaders and this year it truly reflects not only the most interesting companies, but also the mainstreaming of this dynamic industry.”
“Our goal has always been to deliver longer lasting, better performing, faster charging, safer and more environmentally sustainable battery solutions while serving a greater environmental good – and what we’ve accomplished these last several years has exceeded our high expectations,” said Dr. Lampe-Önnerud. “To be recognized for the third straight year by the Cleantech Group for our commitments is a great honor and we thank our customers, partners and investors for their longstanding support.”
“China’s commitment to building a premier clean tech ecosystem is unprecedented – and the country’s significant and expanding demand for electronic vehicles and market innovators like Boston-Power underscores that mission,” said Boston-Power Chairman and GSR Ventures Managing Director Sonny Wu. “We are thrilled to receive this recognition and will continue to push the industry forward with best-in-class energy storage technology and products.”