Smart Wires has been named a 2021 Global Cleantech 100 Company. This recognizes Smart Wires as one of the top companies – among thousands of innovators from across the globe – best positioned to lead the way to a decarbonized, digitized, and resource-efficient future.
Smart Wires develops and implements digital technologies that advance affordable, clean electricity on grids around the world. Smart Wires’ technology quickly unlocks gigawatts of new capacity on the existing power grid by intelligently routing power to travel across underutilized power lines.
“Leading utilities across Europe, Australia, and the Americas have already begun to change the way they think about future investments in critical infrastructure. With our hardware and software, electric utilities can greatly increase the capacity of their grids. This means rapid integration of renewables, at a lower cost and with less disruption to communities and the environment,” reflected Michael Walsh, Smart Wires’ Chief Commercial Officer.
“In the next decade, we expect to see all major power grids adopt modern power flow technology. To quickly and cost-effectively facilitate the energy transition, the electric grid will transform from a system of “steel and copper” to one dependent on “silicon and software.” Smart Wires is committed to partnering with utilities to achieve this transition,” he added.
“We are delighted to welcome 50 companies for their first time on this year’s new Global Cleantech 100. This replacement rate speaks to the healthy maturing of this innovation ecosystem and some specific impacts of Covid-19,” said Richard Youngman, CEO, Cleantech Group.
“On the one hand, the 2021 list reflects the long-running mega-trends like decarbonization, digitization, electrification, and the ever-increasing volumes of deployed renewable energy. On the other, Covid-19’s impact is evident – for example, in the uptick in automation and robotics-enabled solutions, in logistics and supply chain solutions, and solutions in the food chain to prevent, reduce and repurpose food waste. Resilience is a new critical factor at play,” he said.
In addition to being acknowledged by Global Cleantech, this year, the World Economic Forum recognized Smart Wires as a 2020 Technology Pioneer and Inc. 5000 ranked Smart Wires number 614 on the annual list of America’s fastest-growing private companies.