OpenHydro Selected as Finalist For Major Global Award

Irish tidal energy company, OpenHydro has been chosen by the Global Cleantech Cluster Association as a 2011 Later Stage Award Top 30 finalist. Inclusion in the GCCA Global Top 30 reflects the strong business and market position of the company in the marine renewables sector, and signifies that its innovative approaches and technologies are gaining a foothold in the new global green economy. OpenHydro was nominated for the GCCA Later Stage Award by An tSlí Ghlas, The Green Way – Ireland’s Cleantech Cluster. The company’s business model, market position and potential (among other criteria) qualified it to be a GCCA Later Stage Award 2011 Global Top 30 Finalist.

OpenHydro and the other 2011 Global Top 30 companies will be honoured at the GCCA’s Later Stage Award Dinner held in conjunction with the Dublin Cleantech Forum on November 14th, 2011. Co-hosted by An tSlí Ghlas, the full day executive event features CEO presentations and high-level discussions on the most critical topics for emerging clean technology companies and investment opportunities.

The GCCA Later Stage Award Global Top 30 Finalists were selected out of the 4000 companies represented by the GCCA’s 30 member clusters, ranging from North America and Europe to Asia. Each cluster conducted internal evaluations to nominate up to 10 companies in 10 categories, including solar, wind, energy storage, green buildings, water and more. In total, these member clusters nominated 185 companies for the 2011 Later Stage Award. The Top 30 finalists were screened for investment grade through the Keystone Method, a data-driven business assessment and venture development tool developed by GCCA head judge Dr Peter Adriaens at The University of Michigan, and CleanTech Acceleration Partners.

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