NEW YORK, Nov. 22, 2011 /PRNewswire/ -- Rentricity, one of the original start-up companies in the New York Accelerator for a Clean and Renewable Economy (NYC ACRE) cleantech support system, has been named a Later Stage Global Top 10 greentech company – chosen from a field of 4,000. The award by the Global Cleantech Cluster Association (GCCA) also named Rentricity as the winner of the "Best of Water" category for 2011.
Rentricity recovers energy from excess water pressure in pipes to produce clean, renewable electricity. It targets water, wastewater and industrial infrastructure to produce electricity that can be sold into the electric grid or used behind-the-meter.
As one of the Global Top 10, GCCA recognized Rentricity for winning access to sources of growth capital and management guidance. GCCA also cited Rentricity for significant success in growing the cleantech industry in New York City and for its support of green job growth in the region.
"Our Top 10 winners are truly the best in class and companies to watch," said Ben Taube, chairman of the GCCA. "In each category, these companies are making both broad strides in their global industries as well as working closely with their regional cleantech clusters to build sustainable green economies and jobs. We are thrilled to name Rentricity among the GCCA Global Top 10 for 2011."
Rentricity became a commercial venture in 2008 and joined NYC ACRE the following year. Founder and President Frank Zammataro kept the young company self-funding, and last year it generated $500,000 in revenue. Rentricity has completed two commercial projects and has four other projects in development. Among them is a project fun
|SOURCE Polytechnic Institute of New York University|
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