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Meet the winners... Ecofactor

Posted by at 8:30 AM, 11/18/2009

Thousands rallied for the Cleantech Open’s daylong festival of cleantech innovation, entrepreneurship and policy, which culminated in a grand prize award of $250,000 for one national winner.

Selected from the 12 finalists of the Cleantech Open business plan competition, the National Prize was awarded to EcoFactor (www.ecofactor.com). A finalist in the Cleantech Open California regional competition, EcoFactor entered in the smart power category, with a personalized residential energy management solution for heating, ventilation and air conditioning. The grand prize is valued at $250,000, including $100,000 of seed capital, and was presented by vice president and managing executive of venture capital Trond Unneland at Chevron Technology Ventures. Separately, today Chevron announced they were joining the Cleantech Open’s roster of corporate partners as inaugural Global Partner for the 2010 Cleantech Open business competition.

“We're thrilled to be named the national winner of the Cleantech Open, especially considering the high caliber of cleantech companies we were up against,” said Scott Hublou, SVP of products and co-founder of EcoFactor. “It's a great honor to win an award in which we were evaluated and judged by our peers and people whose feedback and opinions we value.”

“This award is as much about the strength of our whole team as it is about the important work we're doing. Being named the Cleantech Open national winner really validates our solution and our business model, and proves that the market is looking for energy-efficiency solutions that don't ask people to change their behavior or sacrifice comfort,” said John Steinberg, CEO and co-founder of EcoFactor. “This award will help us further advance our mission of providing personalized residential energy management solutions, because we believe consumers shouldn't have to choose between savings, comfort and convenience.”

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