Nova Thermal Named GCCA Global 30 Semi-Finalist
Send Via E-MailPHILADELPHIA, PA - October 13, 2011 - WastewaterPR.com - NovaThermal Energy (www.novathermalenergy.com) today announced that it has been chosen by the Global Cleantech Cluster Association as a 2011 Later Stage Award Top 30 semi-finalist. Inclusion in the GCCA Global Top 30 reflects the strong market position of the company in the renewables sector, and signifies its innovative technology is gaining a foothold in the new global green economy. NovaThermal Energy was nominated for the GCCA Later Stage Award by CleanTech Alliance Mid-Atlantic (CAMA) (www.cleantechma.org) in May 2011 for its geothermal alternative solution.
NovaThermal Energy (www.novathermalenergy.com) today announced that it has been chosen by the Global Cleantech Cluster Association as a 2011 Later Stage Award Top 30 semi-finalist. Inclusion in the GCCA Global Top 30 reflects the strong market position of the company in the renewables sector, and signifies its innovative technology is gaining a foothold in the new global green economy. NovaThermal Energy was nominated for the GCCA Later Stage Award by CleanTech Alliance Mid-Atlantic (CAMA) (www.cleantechma.org) in May 2011 for its geothermal alternative solution.
NovaThermal Energy and the other 2011 Global Top 30 companies will be honored at the GCCA’s Later Stage Award Dinner held in conjunction with the Dublin Cleantech Forum on November 14th, 2011. “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 4,000 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 (http://www.globalcleantech.org/wp-content/uploads/The-KeyStone-Method%E2%84%A2.pdf)
“We are thrilled to be recognized by GCCA for our innovative geothermal alternative, which dramatically cuts the largest source of greenhouse gas emissions in large buildings by harnessing thermal heat from city sewers,” commented NovaThermal Energy CEO, Elinor Haider. “Our installation-ready geothermal system saves up to 60% of heating and cooling costs in large buildings, without costly borefields or well systems. We look forward to working with GCCA’s many partners to support commercialization of this proven technology in the United States and elsewhere in the world.”
The 2011 Later Stage Award is sponsored by Grant Thornton International. A full list of all the GCCA Later Stage Award 2011 Global Top 30 Finalists can be found at the GCCA website at: http://www.globalcleantech.org/awards/2011-global-top-30
