PHILADEPHIA, PA, MAY 9, 2014 – The Greater Philadelphia Alliance for Capital and Technologies (PACT) has awarded Solar Grid Storage with the 2014 Enterprise Award for Clean Tech Company of the Year. The 2014 Enterprise Awards recognize leadership and outstanding achievement in the clean tech, technology, health and life sciences, and medtech industries throughout the region.
Solar Grid Storage is the leading pioneer in solar storage deployment. The company has developed an innovative, market-based model for adding large-scale battery storage to photovoltaic projects. With its solar + storage approach, the company is able to dramatically lower costs and introduce new benefits, including:
- Backup power during outages
- Reduced power demand at peak times
- Improved power quality
- Greater grid resilience
- Accelerated solar deployment nationwide
“Solar Grid Storage is honored to receive this award as we accelerate our deployment of new solar + storage projects throughout the Philadelphia region and the country,” said Solar Grid Storage CEO Tom Leyden. “Our approach marks a critical step toward a healthier and safer planet. We are excited about doing our part to usher in the grid of the future.”
“On behalf of the region’s technology and life sciences community, we congratulate Solar Grid Storage on this honor,” said Dianne Strunk, vice president of PACT. “We know that Solar Grid Storage will continue to make tremendous contributions as its solution is increasingly deployed.”
The Enterprise Awards are presented by PACT and sponsored by Fairmount Partners in partnership with KPMG, whose role is to gather, verify, and analyze information about the nominees. Other sponsors who make the 21st Enterprise Awards possible include Ben Franklin Technology Partners, Broadpath, Comcast Business, Cozen O’Connor, Drinker Biddle, Duane Morris, Evolve IP, Fesnak, Fox Rothschild, Garfield Group, Grant Thornton, ICG, Independence Blue Cross, Jones Lang LaSalle, LiquidHub, Morgan Lewis, NewSpring Capital, Pepper Hamilton, RCCB Law, RR Donnelley, Safeguard Scientifics, University City Science Center and University of Pennsylvania. Award winners were selected by a distinguished independent panel of judges and announced on May 8 at the 21st Annual Enterprise Awards gala in Valley Forge, PA.
About Solar Grid Storage
Solar Grid Storage (www.solargridstorage.com), the leading pioneer in solar storage deployment, has developed a groundbreaking model for adding batteries to commercial photovoltaic (PV) installations while lowering costs and introducing new benefits. Its PowerFactor™ systems not only provide all standard PV functions—they also enable emergency power for the customer and resiliency services to the grid. Solar Grid Storage: ushering in the grid of the future.
About The Greater Philadelphia Alliance for Capital and Technologies (PACT)
Greater Philadelphia Alliance for Capital and Technologies (PACT)’s is the region's largest business association focused on emerging growth companies in the technology and healthcare industries. PACT's mission is to grow and strengthen the region's entrepreneurial community by connecting emerging growth companies, venture investors, technology-focused corporations, universities, and professional advisors to foster growth and innovation. For more on the Greater Philadelphia Alliance for Capital and Technologies, including membership information, entrepreneurial resources, and information on our programs and events, visit www.philadelphiapact.com <http://www.philadelphiapact.com/> .