CLEAN URBAN ENERGY AWARDED AT GREAT LAKES SYMPOSIUM
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CHICAGO, IL; November 8, 2011 – Clean Urban Energy (CUE), an energy storage and smart grid technology provider, today announced that they have won the Judges’ Choice Award at the Great Lakes Symposium on Smart Grid and the New Energy Economy held at the Illinois Institute of Technology on October 18-19. The award was presented to the company whose innovation promised a significant impact on the emerging Midwest energy economy.
The Symposium, presented by the Galvin Electricity Initiative, was aimed at advancing the development and adoption of smart grid technology in the Midwest, and featured presenters from a variety of sectors including policy, energy, environmental, and technology organizations. The Symposium explored the relationship between electric grid modernization, economic development, and the environment.
CUE was one of 14 emerging companies selected to present its technology during the Innovation Marketplace Pitch and Showcase, to a panel of Judges represented leading corporate, investor, and government organizations. The panel included Doug Dillie, Director of Smart Grid Solutions at Eaton Corporation; Mark Zhu, Investment Professional at DTE Energy Ventures; Paul Pebbles, Global Electrification Product Manager at OnStar; Chris Walti, Power Originator at Acciona Energy; Kerri Breen, Principal at Arsenal Venture Partners; Rob Schultz, Senior Director at IllinoisVENTURES; Teresa Esser, General Partner at Capital Midwest Fund; Sam Hogg, Director of Venture Development at NextEnergy; Kirk Colburn, Managing Director at SURGE; Rep. Robyn Gabel, Illinois State Representative, 18th District; and Steve Moffitt, Account Executive at GE.
The goal of the Innovation Showcase, presented by Chicago’s Clean Energy Trust, was to connect young businesses with established firms for potential investments, pilots, partnerships, and feedback on business models and strategies.
“The caliber of the start-ups presenting alongside us today shows a promising future for Smart Grid technologies,” said CUE Founder and CTO Vince Cushing. “We are honored to be recognized by such an esteemed panel of judges as a leader in CleanTech in the Midwest, and we thank the Clean Energy Trust for this opportunity.”
CUE was presented with the Judges’ Choice Award by Marianne Markowitz, Region V Administrator of the Small Business Association.
"Congratulations to Clean Urban Energy on their award at the Great Lakes Symposium Innovation Marketplace Pitch and Showcase Competition," says SBA Region V Administrator Marianne Markowitz. "Clean Energy Trust is a great example of the SBA's Entrepreneurship Mentor Corps participants as they continue to meet the challenge in mentoring early stage companies. Clean Energy Trust has been able to mobilize some of the best and brightest business leaders in Region V to help create the opportunities for success, drive innovation and create jobs."
The 2011 Great Lakes Symposium on Smart Grid and the New Energy Economy was sponsored by ComEd, Eaton, GE, Silver Spring Networks, and the Joyce Foundation.