15.11.2012

Finnish cleantech companies win Later Stage Awards

Eniram Ltd and The Switch chosen as winners by the Global Cleantech Cluster Association from a pool of 4500 eligible companies.

The Finnish companies Eniram Ltd and The Switch have been chosen by the Global Cleantech Cluster Association (GCCA) as the 2012 Later Stage Award winners. The winners were selected from an original pool of 4500 eligible companies represented by the GCCA’s 47 member cleantech clusters. They were judged by 28 cleantech venture capitalists, investors and serial entrepreneurs who collectively manage USD 3.5 billion in clean technology investment, led by Head Judge Dr. Peter Adriaens.

 

Eniram emerged as the winner in the Global Transportation category. The company delivers marine energy management technology to reduce fuel consumption and emissions. Created by experienced seafarers and technologists, Eniram’s solutions range from single onboard applications to comprehensive fleet analysis. Headquartered in Helsinki, Finland, the company has subsidiaries in the UK, US and Singapore.

 

“Eniram is delighted to have won the Transportation category of the CGGA this year. This award highlights the company’s commitment to supporting our customers in striving for global environmental excellence and sustainable development,” said Philip Padfield, CEO of Eniram.

 

Innovation in wind power sector

 

The Switch was selected as the winner in the Best of Wind category. It is a leading supplier of megawatt-class permanent magnet generator (PMG) and full-power converter (FPC) packages for wind power and other renewable energy applications. The Switch has now has delivered more than 6,500 MW of renewable power-generating components to China, Korea, Europe and the US.

 

The award reflects The Switch’s cleantech success and market position as a key component supplier to the wind power companies in the $163.1 billion global cleantech industry. It also indicates that The Switch’s unique innovations are making a positive contribution to the green economy.

 

“Our forward-thinking strategy of working in a flexible and asset-light partnership model has proven to make a difference in setting new standards in the wind power industry,” says Dag Sandås, CFO of The Switch. “This way of networking has been key in helping us grow during times of economic uncertainty. In addition, our flexible business model allows us to proactively seek M&A opportunities in global clean energy.”

 

Sources: GCCA, Eniram, The Switch