Proterra has announced it was named in the 2018 Global Cleantech 100, produced by Cleantech Group.
The Global Cleantech 100 represents the most innovative and promising ideas impacting the future of a wide range of industries, according to players in the market. Featuring companies that are best positioned to solve tomorrow’s clean technology challenges, Global Cleantech 100 is a comprehensive list of private companies with the highest potential today to make significant market impact within a 5-10-year timeframe.
In addition to being one of the top 100 private companies in cleantech, Proterra was also the recipient of the “North American Company of the Year” Award. The North American Company of the Year is awarded to the highest ranked company in North America.
The Global Cleantech 100 list is collated by combining proprietary CTG research data, with weighted qualitative judgments of hundreds of nominations, and specific inputs from a global 86-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.
This year, a record number of nominations were received: 12,300 distinct companies from 61 countries. These companies were weighted and scored to create a short list of 312 companies. Short-listed nominees were reviewed by CTG’s Expert Panel, resulting in a finalized list of 100 companies from 18 countries.
The 86-member expert panel is drawn 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 ongoing mainstreaming of clean technology solutions and the rise in their strategic importance was evidenced by an unprecedented burst of recent M&A activity,” said Richard Youngman, CEO, CTG. “For the first time, now in its 9th year, four of this year’s Global Cleantech 100 companies were acquired by multi-nationals between the striking of the final list (in September 2017) and its official release today (in January 2018). More will surely follow if this set of companies achieve even half of their anticipated impact.”