ENBALA Power Networks

ENBALA Power Networks

November 21, 2013 13:53 ET

ENBALA Power Networks Receives Best in Smart Grid Award from the Global Cleantech Cluster Association

ENBALA a part of top 10 global companies recognized for their cleantech success

TORONTO, ONTARIO--(Marketwired - Nov. 21, 2013) - ENBALA Power Networks is proud to be named to the Global Top 10 for the 2013 Global Cleantech Cluster Association's (GCCA) Later Stage awards, under the category of Smart Grid. The award recognizes ENBALA for its proven Smart Grid technology platform, GOFlex™, its strategic expansion goals and its international growth potential. ENBALA's real-time demand-management solutions position the company as a leader in unique, Smart Grid technology.

The Global Top 10 award reflects ENBALA's success and market position as a Smart Grid technology company in the $163.1 billion global cleantech industry. The award also recognized ENBALA's commitment to a green economy, providing innovative and sustainable solutions to utilities and electricity system operators that have a positive impact on the environment.

"It is an honour to make the GCCA's Global Top 10 for our GOFlex technology platform," said Ron Dizy, President and CEO of ENBALA. "We're committed to the cleantech industry - delivering real-time utility solutions through our intelligent load management platform which support clean, efficient and sustainable electricity grid operations."

ENBALA was nominated for the GCCA Later Stage Award by MaRS Discovery District, a non-for-profit corporation that supports the commercialization of innovative Canadian technology companies.

"We are very pleased that our nomination of ENBALA has led to a win," said Jonathan Dogterom, Practice Lead, Cleantech, MaRS Discovery District. "MaRS has been working with ENBALA for over 4 years now and has seen them achieve great success over this time. ENBALA's Smart Grid technology solutions are at the leading edge of innovation in cleantech."

The Global Top 10 represents the best of the GCCA's nearly 50 member clusters and over 10,000 member companies. The GCCA Global Top 10 winners were selected by over 20 cleantech venture capital and private equity investors and serial entrepreneurs, who collectively manage over $3.5 million in global clean technology investment. This year's awards were organized by the Finnish Cleantech Cluster.

"Economic research demonstrates clusters are critical for regions fostering their technology centres, and they are paramount to building successful green economies," said Nina Harjula, GCCA Co-Founder and Finnish Cleantech Cluster Manager. "The 2013 winners are successful technically, strategically and regionally. It is an honour to highlight ENBALA and the other companies named to the Global Top 10 and we wish them continued success."

About ENBALA Power Networks

ENBALA Power Networks is a smart grid technology company that provides innovative solutions to utilities and system operators that address many operational challenges emerging in today's increasingly complex power systems. ENBALA's versatile GOFlex™ platform (which stands for grid operational flexibility) continuously connects a network of commercial and industrial electricity users to deliver on- going, real-time value to grid operators and to electricity customers. The platform offers a widespread set of solutions that improve generator efficiency, reliably integrate renewable generation resources and defer infrastructure upgrades to reduce operating costs and to enhance overall system efficiency. For more information, visit www.enbala.com.

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