Enbala has received the 2018 New Energy Pioneer Award from Bloomberg New Energy Finance (BNEF). The company was one of only 10 award recipients from around the world. The award honors game-changing companies globally in the field of clean energy technology and innovation and was unveiled on April 9 at BNEF’s The Future of Energy Global Summit in New York City.
Winners were selected based on the way in which they are responding to changes and disruption in the energy system. BNEF stated, “By recognizing innovators, BNEF aims to highlight and accelerate the transition that is underway in today’s new energy economy, towards new business models, technologies, market structures and commercial opportunities.”
“We are very honored to be one of this year’s 10 game-changing, clean energy companies,” said Enbala CEO and President Arthur (Bud) Vos. “We exist for one reason: to create an energy future that’s sustainable and balanced. It’s gratifying to me personally and to everyone who works at Enbala to have our energy balancing technology recognized by such a prestigious and well-respected organization.”
An independent panel of industry experts, assisted by BNEF’s analysts and technology specialists, selected the 10 winners from more than 160 applicants from 47 countries around the world. Each candidate was assessed against three criteria: technology or business model innovation, and what novelty it brought to the market; evidence of substantive progress in the form of strong commercial partnerships, the distribution channels in place and sales growth; and the potential to scale and have a global impact.