Green Energy Group named in the 2013 Global Cleantech 100 list
Alexander Richter
11 Oct 2013
Norwegian-Icelandic Green Energy Group has been named in the 2013 Global Cleantech 100, a list recognizing top private companies in the clean technology sector. It is the only geothermal company listed this year.
Today, Green Energy Group AS, a provider of turnkey flash type modular geothermal wellhead power plants, announces it was named in the prestigious 2013 Global Cleantech 100, produced by Cleantech Group, a global market intelligence and consulting firm helping executives connect with innovation.
The Global Cleantech 100 list is unique because it highlights the promise of private clean technology companies from all around the world, focusing on those companies which the players in the market feel are currently the most likely to make the most significant market impact over the next 5-10 years.
“We are honored being listed among such a prestigious group of cleantech companies as the only geothermal company this year. With the development of our modular geothermal wellhead power plants, we are addressing a crucial element in geothermal development worldwide, namely allowing for a cost effective rapid deployment and earlier power online utilizing individual geothermal wells.” said Terje Laugerud, Chief Executive Officer of Green Energy Group AS.
“Our company is currently constructing 10 geothermal wellhead plants for Kenya Electricity Generating Company (KenGen) in Kenya, with the first already operating since the second quarter of 2012 and the second and third one to bring power online later this year.” so Laugerud.
The list is derived from Cleantech Group’s own data and research, combined with the weighted qualitative judgments of hundreds of nominations, and the viewpoints of a global 90-person Expert Panel. To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.
“The Global Cleantech 100 is a natural extension of our vision to help corporations and investors connect with innovation around the world,” said Sheeraz Haji, CEO of Cleantech Group. “This list celebrates inspiring entrepreneurs, and serves as the industry standard on gauging where innovation is headed across key sectors.”
5,864 companies were nominated this year from 60 countries. These companies were weighted and scored to create a short list of 300 companies. Vital information on these short-listed companies—including key data from Cleantech Group’s i3 platform—was presented to the expert panel for final input. The end result was 100 companies from 18 countries.
The 90-member expert panel was drawn principally from leading financial investors and representatives of multi-national corporations, located in Asia, Europe, and North America. The composition of the expert panel is created to be broadly representative of the global cleantech community, and includes pioneers, leaders, veterans, and new entrants in cleantech. This diversity results in a list of companies that command a broad base of respect and support from many important players within the global cleantech innovation ecosystem.
“The composition of the 2013 Global Cleantech 100 represents a distinct shift in thinking from deal-makers in the marketplace,” said Richard Youngman, Cleantech Group’s Managing Director, Europe & Asia. “Fifty-one new entrants and noticeable shifts in sub-sectors and company types commanding the broadest level of support speak to a transition of opinion of which types of companies deal-makers believe today are the most likely to have significant market impact in a 5-10 year timeframe.”
Disclaimer: the author is an employee of Green Energy Group
