Geneva, Switzerland, September 1, 2010 – The World Economic Forum announced its “Class of 2011″ of innovative technology start-up companies in the field of energy and the environment.
Judged by 68 technology experts, the award recognizes companies on the cutting edge of innovation that are poised to have a critical impact on the future of business, industry and society.
This year, the WEF received more than 330 nominations for the Technology Pioneer Award from companies representing 13 countries around the world.
On-Ramp was recognized for its Ultra-Link Processing (ULP) Wireless Networking System. This innovation enables a 600x network coverage advantage and 25-40 times throughput efficiency advantage over competing protocols which results in an order of magnitude reduction in network infrastructure. The system is being used for metro-scale critical infrastructure monitoring within smart grid, water efficiency, building efficiency, location tracking and security applications.
“On-Ramp is extending wireless to address the challenging requirements of the smart grid and has the potential to revolutionize applications for energy and water efficiency,” said John Bryson, Advisory Board Member and retired Chairman and CEO of Edison International. “Wireless monitoring is the future of resource efficiency and it is exciting to hear all the positive feedback on the company and technology. Selection by the Forum is an outstanding additional proof point.”
On-Ramp Wireless has developed a wireless system purpose-built to efficiently connect billions of hard-to-reach devices in metro scale and other challenging environments. On-Ramp’s Ultra-Link Processing system enables low-power monitoring and control applications within smart grid, water efficiency, industrial sensing and location tracking. Operating in un-licensed spectrum, our signal processing innovation finds weak signals even in high noise environments, yielding extreme coverage, immunity to high interference and lowers cost.
OPower joins the forum’s 2011 class of Technology Pioneers for its ability to drive energy efficiency through an all-channel communications platform that evaluates a household’s energy usage pattern with data analytics and applies behavioral science techniques that are proven to motivate action.
Currently deployed to almost two million homes, OPower’s platform has delivered more than 141 GWHs and $17 million in verified energy savings for utility customers. With the recent deployment of its new Advanced Customer Engagement 3.0 platform, the company expects to triple energy savings by the end of 2010.
“OPower was founded with the simple goal of enlightening people that were in the dark about their energy usage, and empowering them to make smart decisions that conserve our resources, preserve our planet, and save them money,” said Dan Yates, founder and CEO of OPower. “Our approach has been validated by dozens of successful deployments and we already work with seven of the ten largest utilities in the United States. To be recognized by the World Economic Forum – with its global clout and influence – and to be acknowledged by some of the world’s leading technologists, truly confirms that we’re on the right track to creating a sustainable future.”
OPower is a provider of energy efficiency and smart grid software, providing an all-channel customer engagement platform proven that delivers energy efficiency gains to utility partners. Founded in 2007 and privately held, OPower is headquartered in Arlington, Va.
Tendril was selected for the development of its energy management platform that helps utilities and consumers manage their energy usage, save money, and help reduce the negative environmental impacts of energy production and use.
“It doesn’t matter what side of the political spectrum you sit. Becoming more energy efficient as a society is an important driver for positive change. It drives jobs, it drives better environmental policy, and it drives energy independence – and those things together create meaning for a better society,” said Tendril CEO Adrian Tuck.
Tendril is an energy management technology provider that brings insight and control to the smart grid. The Tendril platform provides an open, secure and scalable end-to-end solution that creates a two-way dialogue between energy providers and their customers.
The platform includes both utility and in-home products and applications, and integrates seamlessly with existing back office applications and network infrastructure. Through the 20 smart grid pilot programs the company has secured this year alone, Tendril will provide products and services to utilities and their customers in 14 states throughout the country.