Lithium-ion Battery Innovator’s Inclusion in The Wall Street Journal’s “Next Big Thing” List of Venture-Funded Companies Highlights Game-Changing Energy Storage Solutions
WESTBOROUGH, Mass. – March 9, 2010 – Boston-Power®, Inc., the rapidly growing provider of next-generation lithium-ion batteries, has been named by The Wall Street Journal a Top 10 clean technology company in its “Next Big Thing” list of the top 50 venture-funded companies. Boston-Power appears on the list, published in today’s issue of The Wall Street Journal, alongside other leading clean technology companies including Fisker Automotive, Silver Spring Networks, Solyndra and Tesla Motors.
The list is published in conjunction with The Wall Street Journal’s ECO:nomics conference, held March 3-5 in Santa Barbara, Calif. A premier forum for leaders at the intersection of business and the environment, the conference brought together several hundred CEOs, other key executives and officials from the most influential and visible companies, governments and organizations around the globe to share insights into the strategic opportunities associated with environmental issues.
The Next Big Thing survey, based on proprietary data from Dow Jones VentureSource, identifies green companies that have the capital, executive experience and investor know-how to succeed. A team from Dow Jones VentureSource calculated the rankings, applying a set of financial criteria to some 350 U.S.-based venture-backed businesses in clean technology. Dow Jones reporters and editors who cover the venture capital industry also provided their perspective and expertise beyond the numbers. Dow Jones VentureSource tracks more than 38,000 venture-backed companies in the U.S., Canada, Europe, China and India, as well as over 14,000 private investment firms worldwide.
Today’s announcement comes on the heels of Boston-Power’s receipt of a prestigious 2010 Technology Pioneer Award, presented in January at the 40th World Economic Forum. The award recognizes the most innovative start-ups from around the world that will have a critical impact on the future of business and society.
“At Boston-Power, our belief in the power of technological innovation as a catalyst for environmental sustainability fuels our commitment to game-changing energy storage solutions,” said Boston-Power Founder and CEO Dr. Christina Lampe-Önnerud. “We’re honored to be included in the Next Big Thing list as one of the companies capitalizing on this opportunity. From battery electric vehicles and plug-in hybrid electric vehicles to notebook computers and utility energy storage systems, our team is dedicated to providing innovative, green batteries that are playing an important role in a more sustainable future.”
With more than 100 patents pending, Boston-Power’s advances in the area of energy storage have earned the company worldwide recognition. Proving that a commitment to environmental sustainability can complement high value, competitively differentiated products and world-class mass manufacturing, the company counts HP among its customers – making it the first U.S.-based firm ever to provide battery technology to a global notebook PC vendor. Boston-Power is the first and only battery provider whose rechargeable lithium-ion battery cells have earned the prestigious Nordic Ecolabel accreditation. The company’s products have also earned a similar industry-first certification from the China Environmental United Certification Center (CEC).
Dr. Lampe-Önnerud has an established track record of commitment to environmental sustainability, providing expertise on energy and environmental issues to governments and NGOs around the globe. While serving as top executive of Boston-Power, she has remained active in groups such as Club of Madrid, where she has lent her scientific expertise to combat climate change. Her work also includes participation in the Road to Copenhagen Conference in Malmö, Sweden, December 8, 2009, immediately preceding the COP15 United Nations Climate Change Conference in Copenhagen, Denmark; the Technology and Finance in Climate Cooperation (CC8), held in June 2008 in Oslo, Norway; and the Road to Copenhagen Conference 2007 in Brussels, Belgium.
About Boston-Power
Boston-Power, Inc. is an award-winning provider of next-generation lithium-ion battery technology, whose rechargeable cells have earned the prestigious Nordic Ecolabel accreditation. Designed to fuel a wide range of applications, its flagship offering, Sonata®, serves as the foundation for HP’s new brand of longer lasting notebook batteries that also help the environment. The company’s Swing™ product delivers unmatched capabilities for Plug-In Hybrid and Battery Electric Vehicles (PHEV/BEV). Founded in 2005 and with more than 100 patents filed, Boston-Power is led by founder and CEO Dr. Christina Lampe-Önnerud, an internationally recognized innovator, entrepreneur and technology advisor with regard to portable power, energy storage and climate change. To date, the company has raised $125 million in venture funding from Foundation Asset Management, Oak Investment Partners, Venrock, GGV Capital and Gabriel Venture Partners. Boston-Power is headquartered in Westborough, Massachusetts, and has Six Sigma-level mass manufacturing operations in Asia.
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“Boston-Power®”, “Sonata®” and Swing™ are trademarks of Boston-Power, Inc. Other brand names or product names are trademarks or registered trademarks of their respective owners.
For more information, please contact:
Randy Wambold
CHEN PR for Boston-Power
Mobile: 617.943.6476
rwambold@chenpr.com
