Greensmith Selected as 2015 Platts Global Energy Awards Finalist

RESTON, VA--(Marketwired - Oct 5, 2015) - Greensmith, a leading provider of grid-scale energy storage software and integration services, has been named a finalist in the Platts Global Energy Awards, an annual program recognizing exemplary industry leadership and innovation. The 2015 finalists, chosen from nearly 200 nominees from nearly three dozen nominating countries and representing four continents, were announced by program host Platts, a leading global provider of energy, petrochemicals, metals and agriculture information.

Greensmith is a finalist in the Rising Star Company category, which recognizes the achievements of either a startup business or an existing business that has moved into a brand new field. Founded in 2008, Greensmith has established itself as a leader in the rapidly growing energy storage market, having delivered one-third of the energy storage capacity installed in the United States in 2014.

"We are honored to be named a finalist for a Platts Global Energy Award," said Greensmith CEO John Jung. "This recognition not only demonstrates energy storage's growing importance in the power sector, but also the sector's growing understanding that energy storage software accelerates the development of a smarter, more efficient and cleaner grid -- Grid 2.0."

Greensmith's GEMS energy storage software platform is currently used by more than 20 customers for multiple applications at 50 different sites, including the single largest battery-based energy storage system deployed globally in 2014, which provides 24x7 frequency regulation services.

Established in 1999 and often described as "the Oscars" of the energy industry, the Platts Global Energy Awards highlight corporate and individual innovation, leadership and performance excellence in 17 categories spanning the energy complex.

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 more than 20 customers for multiple applications at 50 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.

About Platts: Founded in 1909, Platts is a leading global provider of energy, petrochemicals, metals and agriculture information and a premier source of benchmark prices for the physical and futures markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in more than 150 countries benefit from Platts' coverage of the biofuels, carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemical, shipping and sugar markets. A division of McGraw Hill Financial, Platts is based in London with more than 1000 employees in more than 15 offices worldwide. Additional information is available at http://www.platts.com.