The 2012 Global Top 10 award reflects The Switch’s cleantech success and market position as a key component supplier to the wind power company in the $163.1 billion global cleantech industry.

A supplier of megawatt-class permanent magnet generator and full-power converter packages for wind power and other renewable energy applications, says it has been chosen by the Global Cleantech Cluster Association (GCCA) as the 2012 Later Stage Award Global Best of Wind winner. The 2012 Global Top 10 award reflects The Switch’s cleantech success and market position as a key component supplier to the wind power company in the $163.1 billion global cleantech industry. It also suggests the company’s innovations are making a positive contribution to the economy. The Switch, along with the other 2012 Global Top 10 winners, was honored at ceremony at the Savannah International Clean Energy Conference. The 2012 Later Stage Award is sponsored by Deloitte and McGuire Woods.

“Cleantech and sustainability are no longer a niche. They are out-performing most market sectors in growth even during the recession,” said Ben Taube, Chairman of the GCCA. “The 2012 Top 10 winners are indicative of the growing strength of their sectors.”

The Switch was nominated for the Later Stage Award by the Finnish member of the Executive Committee of Development, Lahti Science and Business Park, in May 2012 for its contribution to making wind power a viable source of renewable energy throughout the world. The Global Top 10 were selected out of the 4,000 companies represented by the GCCA’s 45 member clusters. In total, 200 companies were nominated by clusters as leading in their regions. That number was later narrowed to the Global Top 30 Semi-Finalists.  The Global Top 10 were then selected by the Later Stage Award judging panel of 30 cleantech VCs and entrepreneurs who collectively manage over $3.5 billion in cleantech investment.

The Switch
www.theswitch.com

Global Cleantech Cluster Association
www.globalcleantech.org