SOURCE: Greensmith

Greensmith

August 14, 2015 14:07 ET

Greensmith Ranks No. 107 on the 2015 Inc. 5000 With Three-Year Sales Growth of 3,209 Percent

Top Energy Storage Company on List of the Nation's Fastest-Growing Private Companies

NEW YORK, NY and RESTON, VA--(Marketwired - Aug 14, 2015) - Inc. magazine today ranked Greensmith, a leading provider of grid-scale energy storage software and integration solutions, No. 107 on its 34th annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies.

Greensmith's three-year sales growth of 3,209 percent enabled it to secure:

  • The No. 1 ranking among energy storage-focused companies
  • A No. 7 ranking among energy companies
  • The No. 1 ranking among Maryland-based companies

"We are very pleased to be named to the 2015 Inc. 5000, and excited to see that we are the highest ranking energy storage company on this year's list," said John Jung, CEO of Greensmith. "After delivering over a third of all energy storage installed in the United States in 2014, all of which featured our GEMS software platform, this latest honor represents the commercial traction and growth we are having as a business -- something that is important to us and our growing customer base on both sides of the meter."

GEMS, Greensmith's fourth generation software platform currently manages more than 40 different energy storage sites, including:

  • A 20 megawatt (MW) / 9 megawatt hour (MWh) storage project used for frequency regulation in Illinois
  • A 2 MW / 6 MWh storage project used for transmission and distribution deferral in California (multi-application)
  • A 1 MW / 500 kilowatt hour (kWh) storage project used for PV and power quality in Puerto Rico (multi-application)
  • A 1 MW / 500 kWh storage project used for frequency regulation in Ohio
  • A 500 kilowatt (kW) / 1.5 MWh storage project used for capacity and solar firming in California (multi-application)

The 2015 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 18 to September 22), is the most competitive crop in the list's history. The average company on the list achieved a mind-boggling three-year growth of 490%. The Inc. 5000's aggregate revenue is $205 billion, generating 647,000 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

About Greensmith:
Greensmith's mission is to make energy storage a fundamental component of a cleaner, more advanced energy infrastructure. Its intelligent and flexible GEMS software platform optimizes the performance of a grid-scale energy storage system's batteries, inverters and other hardware, lowering costs and improving the system's return on investment. Greensmith delivered one-third of the energy storage capacity installed in the United States in 2014. Its GEMS energy storage software platform is currently used by 19 customers for multiple applications at over 40 different sites, including the single largest battery-based energy storage system deployed globally in 2014, which provides 24x7 frequency regulation services. Learn more at www.greensmithenergy.com.

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