Tendril Named to 2011 Global Cleantech 100 for Third Consecutive Year

MarketWatch Oct 18, 2011 Back to press

Global Cleantech 100 List Recognizes the Top Private Companies in Clean Technology Industry

BOULDER, Colo., Oct 18, 2011 (BUSINESS WIRE) -- Tendril, the provider of the cloud platform for the Energy Internet, was included on the prestigious 2011 Global Cleantech 100 list produced by Cleantech Group, a leading research firm focused on global clean tech innovation. The award highlights the promise of private clean technology companies from around the world, focusing on those companies that are most likely to have a significant market impact over the next five to 10 years. This is the third year in a row that Tendril has been named to the Global Cleantech 100.

"Being named to the Global Cleantech 100 for the third consecutive year is irrefutable validation of Tendril's leadership role in the smart energy industry," said Adrian Tuck, CEO of Tendril. "We're honored to receive this award, which recognizes the years of hard work we devoted to building the cloud platform for the energy industry, Tendril Connect, which is transforming the way the world interacts with energy."

Tendril Connect(TM) is an open standards-based cloud platform that provides the scalability and security necessary to support billions of networked devices and applications and millions of users, immense amounts of data, intelligence and analytics, enable remote management capabilities, and an emerging marketplace of new services. The platform is in use by more than 35 top global energy service providers with a total addressable market of 70 million households, industry partners and leading manufacturers, including Whirlpool Corporation and Siemens Energy.

The Global Cleantech 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 panel of 70 clean tech experts.

"We are proud of how quickly the Global Cleantech 100 list has gained recognition as a leading resource in the clean tech sector," said Sheeraz Haji, Cleantech Group CEO. "Stakeholders, including members of the corporate community, investors, and regulators, now watch the Global Cleantech 100 list closely to gauge which sectors look most promising and which companies are poised for growth."

The expert panel is drawn from well-respected organizations in clean tech innovation from around the world, including leading investors in global clean tech and from a wide variety of corporations across many different industries, such as ABB, BASF, BP, Coca-Cola Company, DuPont, GE, General Motors, Procter and Gamble, and Vestas. 4,274 companies were nominated this year from more than 45 countries. These companies were weighted and scored to create a short list of 213 companies presented to the expert panel for final input. The end result was 100 companies from 16 countries.

The complete list of 100 companies was revealed on October 17 at the Global Cleantech 100 Summit & Gala in Washington, D.C. Global Cleantech 100 companies will be featured as well at the Guardian's Cleantech Summit in London on November 22, 2011.

Today's announcement follows on the heels of significant momentum at Tendril over the past year, including: the launch of the first of its kind Tendril Connect(TM) Platform Application Developer Program, which allows select developers to build on the Tendril Connect cloud platform; integration of the Tendril Connect platform with leading vendors Elster, Itron, Landis + Gyr, Sensus and Silver Spring Networks, which together represent 85 percent of the North American smart meter communications market; a recently announced integrated offering with Vivint, a leader in home automation; a strategic partnership with and investment from Siemens; Origin Energy, the leading Australian integrated energy company with 4.6 million customers, selecting Tendril Energize; the opening of an office in Melbourne; an alliance with Whirlpool Corporation, the world's leading appliance manufacturer, to enable the roll-out of smart appliances with Tendril Connect; and the 2010 acquisition of GroundedPower, a pioneer in consumer engagement grounded in behavioral science.

About Tendril

Tendril provides the cloud platform for the energy industry, delivering end-to-end consumer engagement products, applications and services powered by Tendril Connect(TM)--an open, secure and scalable platform that takes the complexity out of the Energy Internet and creates a dialogue between energy service providers and their customers. Delivering consumer engagement software, in-home products and applications as well as easy to integrate utility solutions such as Demand Response and Energy Efficiency, Tendril offers unparalleled insight into energy decisions, making the Energy Marketplace a reality. The company is venture backed by VantagePoint Venture Partners, Siemens Venture Capital (SVC), Good Energies, RRE Ventures and GE. For more information, visit www.tendrilinc.com .

About Cleantech Group

Cleantech Group's research, events and advisory services accelerate market adoption, stimulate demand, and remove barriers to cleantech innovation. We help business leaders make strategic decisions involving cleantech innovation through the i3 Platform, the most comprehensive, vetted, up-to-date source for insights into companies, investors, financing and relationships across the clean technology ecosystem. Cleantech Group also produces the premier Cleantech Forum(R) and Focus(TM) events worldwide. Details are available at http://www.cleantech.com

About the Guardian

The Guardian is one of the UK's leading daily titles, and the Guardian.co.uk website delivers its liberal journalism to a global audience. The Guardian's vision is to be the leader on sustainability within the media industry. Through its editorial coverage and business activities, the Guardian demonstrates to its readers, staff, advertisers, suppliers and its communities that Guardian News & Media is committed to enhancing society's ability to build a sustainable future.

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