PowerSense A/S has been nominated for a 2013 Global Cleantech Cluster Association (GCCA) 2013 Later Stage Award in the category of Energy Storage/Smart Grid. The annual awards recognize innovative mid to late-stage cleantech companies around the world who are thriving in the new green economy and show great potential for growth. Winning companies will be announced at the Corporate Cleantech Venture Day on Nov. 20, 2013, in Lahti, Finland.
PowerSense A/S has been nominated by the Copenhagen Cleantech Cluster in the Energy Storage/Smart Grid category. The nomination is for being one of the front-runners and leader within intelligent monitoring and control systems for the power distribution industry, with a long solid track record of making the grid smarter in a cost-effective way for the power distribution companies.
PowerSense’s monitoring and control system for ML/LV distribution is unique because it is retrofittable and modular. The DISCOS System consists of sensors, control modules and communication and is developed to and with the power companies to meet their special needs.
PowerSense A/S is a part of a pool of over 160 nominees. GCCA Head Judge Peter Adriaens (Professor of Entrepreneurship and Strategy at the Zell Lurie Institute for Entrepreneurial Studies, Ross School of Business at the University of Michigan) will use the Keystone Compact Method to screen the nominees and narrow them down to the top three in each category.
The Top 30 will then be evaluated by over 30 venture capital and cleantech judges who select the winners for the Later Stage Award. With more than $3.5 billion invested in clean technology, the GCCA Judges are devoted to later stage companies who have a proven track record in their home market and have the potential for international growth. They include Generation’s Climate Solutions Fund, The Rockefeller Foundation, Dow Venture Capital, BASF Venture Capitaland more.