News Release NR-4010
NREL’s Clean Energy Forum Attracts Nearly 500 Participants from Investment Community
Three Clean Energy Companies Honored at Awards Event
October 21, 2010
The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) 23rd Industry Growth Forum this week attracted nearly 500 investors, entrepreneurs, scientists and policymakers to Denver.
The three-day forum highlighted clean energy industry technology and business developments. NREL also hosted Clean Energy Opportunity Forum showcasing the latest clean energy opportunities in Colorado and across the country.
“The need to approach our energy issues differently in the future requires a high level of innovation. This forum brings together the entrepreneurs, investors and policymakers needed to bring about transformational change that will be critical to nurturing that innovation for the future,” said NREL Director Dan Arvizu.
More than $3.4 billion has been raised by companies presenting at the Forum since 2003.
Three entrepreneurial companies were singled out from the 34 competitively-selected presenters to win the 2010 Clean Energy Venture Awards sponsored by Wilson Sonsini Goodrich & Rosati.
"The range of technologies represented by the participating companies highlights the breadth of creative solutions being deployed to address our greatest energy and environmental challenges. We are pleased to support this forum to help these young companies develop their ideas into commercial solutions," said Bob O’Connor, Partner at Wilson Sonsini Goodrich & Rosati.
Cash prizes include $10,000 for Best Venture and $5,000 each for the two Outstanding Presentation Awards. NREL, along with Wilson Sonsini Goodrich & Rosati, will provide the winners with in-kind commercialization support matching the cash award to help increase their chances of commercial success.
MTPV, LLC (located in Austin, TX) took the top prize receiving the Best Venture award. MTPV creates semiconductor chips that convert heat directly into electricity.
An Outstanding Venture award went to OPX Biotechnologies, Inc. (Boulder, CO). OPX Biotechnologies’ EDGE (efficiency directed Genome Engineering) uses biotechnology to convert renewable raw materials into biochemicals and biofuels.
The second Outstanding Venture award went to Van Dyne SuperTurbo, Inc. (Fort Collins, CO). The Superturbo charger allows engines to meet stringent emission requirements while maintaining engine performance.
NREL is the U.S. Department of Energy's (DOE) primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for DOE by The Alliance for Sustainable Energy, LLC.
For a list of participating companies and sponsors, please visit the Industry Growth Forum Web site: www.cleanenergyforum.com.
Visit NREL online at www.nrel.gov