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Renew Financial Named One of Most Innovative and Promising Clean Tech Companies in the World

Renew Financial Named One of Most Innovative and Promising Clean Tech Companies in the World

Oakland, CA –  Renew Financial (formerly Renewable Funding), a clean energy finance company, today announced it was named in the prestigious 2014 Global Cleantech 100, which recognizes companies from around the globe for the most “innovative and promising ideas in cleantech.”

The list is compiled by Cleantech Group and highlights companies that are best positioned to solve tomorrow’s clean technology challenges and have the highest potential to make the most significant market impact, according to the company.

“We are thrilled to be included among this prestigious group of cleantech pioneers who are working hard to create solutions that promote sustainable practices,” said Cisco DeVries, President and CEO of Renew Financial. “Our company was founded with a mission to develop innovative finance and technology solutions designed to transform America’s economy to clean energy. We are inspired by the thousands of homeowners and businesses that are utilizing our finance model to make critical clean energy, water efficiency and renewable energy upgrades to their properties.”

This list is collated by combining proprietary Cleantech Group research data, with weighted qualitative judgments of hundreds of nominations, and specific inputs from a global 84-person Expert Panel. To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange. Cleantech Group’s mission is to connect corporates to sustainable innovation through the i3 market intelligence platform, expert consulting services, and global events.

“The Global Cleantech 100 represents the most inspiring array of entrepreneurs across the cleantech space that are at the forefront of innovation,” said Sheeraz Haji, Cleantech Group’s CEO. “It is a true honor to gather with the global cleantech community every year to recognize and celebrate the achievements of each of the top 100 companies as they continue to solve tomorrow’s energy and resource challenges and redefine sustainable innovation.”

This year, a record number of nominations were received: 5,995 distinct companies from 60 countries. These companies were weighted and scored to create a short list of 327 companies. Short-listed nominees were reviewed by Cleantech Group’s Expert Panel, resulting in a finalized list of 100 companies from 17 countries.

The 84-member expert panel was drawn equally from leading financial investors and representatives of multi-national corporations and industrials active in technology and innovation scouting across Asia, Europe, and North America. The composition of the expert panel broadly represents the global cleantech community, from pioneers and leaders to veterans and new entrants. The diversity of panelists results in a list of companies that command an expansive base of respect and support from many important players within the global cleantech innovation ecosystem.

“The Global Cleantech 100 each year provides us with invaluable insight into which companies key market players think are  most likely to have a significant impact in the next 5-10 years,” said Richard Youngman, Cleantech Group’s Managing Director, Europe & Asia and creator of the program. “How the composition of the Global Cleantech 100 list changes over time is revealing of key megatrends and hot sub-sectors  – and helps us all get a view on the future.”

About Renew Financial

Founded in 2008 as Renewable Funding, Renew Financial is based in Oakland, California and specializes in innovative financing for renewable energy and energy efficiency.  The firm’s CEO, Cisco DeVries, created the Property Assessed Clean Energy (PACE) financing model and the firm is recognized as the national leader in clean energy financing.  It has provided clean energy financing and services in over a dozen States and Australia.

About Cleantech Group

Founded in 2002, Cleantech Group’s mission is to accelerate sustainable innovation. Core to this mission is i3, an online platform that connects corporates with innovation, at scale, by allowing them to find, vet, and connect with start-ups—efficiently building an innovation pipeline. In conjunction with i3, we offer premium Advisory Services for corporates in need of expertise designing and executing strategies for sustainable innovation, and managing the pipeline created in i3. The i3 platform comes to life at our global Events, which convene corporates and start-ups, along with other players shaping the future of sustainable innovation.
Cleantech Group is headquartered in San Francisco, and has offices in London and New York. For more information, visit; www.cleantech.com.