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12 Semi-Finalists Chosen in Pacific Northwest Clean Tech Open

Teams to complete summer entrepreneur “boot camp” to finalize business plan for regional finals

SEATTLE (June 26, 2009) – At a event held last night at Puget Sound Energy (PSE) in Bellevue, Wash., the Pacific Northwest region of the Clean Tech Open (CTO), an innovation catalyst that helps great ideas become viable clean tech businesses, announced the 12 semi-finalists out of a field of 56 initial competitors in its clean tech business plan competition. The teams will compete for three regional prizes of up to $50,000 in cash and in-kind services as well as for one national prize of up to $250,000 in cash and services. Semi-finalists will now receive focused, hands-on mentoring from local and national business leaders to hone their clean tech business plans in preparation for the regional finals in September.

Given its nationally recognized Green Power Program, its ongoing regional leadership in the advancement of energy efficiency and the development of renewable energy, and its Silver-level sponsorship of CTO, PSE was a logical venue for the ceremony.

“We are dedicated to fostering innovation in clean technology,” said Stephen P. Reynolds, president and CEO of PSE.

The region’s semi-finalists represent several distinct clean tech categories including energy storage, solar power, small-scale solar, wind and hydro, transportation and renewable chemicals. The entire geography of the Pacific Northwest region is represented in the semi-finalist group including eight teams from Washington, three from Oregon and one from Idaho. The 2009 Pacific Northwest region semi-finalists include:

  • Clarian Technologies - Smart-grid enabled wind and solar appliances, Seattle, Wash.
  • Extreme Capacitors - Energy storage, Olympia, Wash.
  • GoNano Technologies - High surface area nanomaterials for energy storage, Moscow, ID
  • Green Lite Motors – 100 mpg commuter car/motorcycle vehicle, Portland, Ore.
  • Hydrovolts - In-stream hydro turbines, Seattle, Wash.
  • InnovaTek – Renewable hydrogen fuel cell technology, Richland, Wash.
  • LivinGreen Materials - Advanced solar technology, Seattle, Wash.
  • NHThree - Green anhydrous ammonia production, Richland, Wash.
  • Pangreen - Mobile and web-based platforms enabling green living, Kirkland, Wash.
  • Shorepower Technologies – Electric charging stations, Portland, Ore.
  • Soluxra - Low-cost organic solar cells, Seattle, Wash.
  • Veranda Solar - Plug and play solar appliances, Portland, Ore.

The 12 semi-finalist teams will now participate in the CTO Accelerator program where they will be given training and experience in all aspects of starting and sustaining their businesses from national experts in venture capital, business, law, marketing and sustainability. All contestants can continue to be involved in the CTO community, having access to networking events, business tools, and other mentorship opportunities.

“The quality of entries was so high that we feel any of these 12 semi-finalists could be the regional, or even national winner,” said John Pierce, co-chair of the CTO Pacific Northwest chapter, member, Wilson Sonsini Goodrich & Rosati and one of the leaders of its Renewable Energy and Clean Tech Practice. “These entrepreneurs and more than 30 volunteer mentors are anxious to get to work and turn these clean tech ideas into successful businesses.”

About the Clean Tech Open

Clean Tech Open is a catalyst for clean tech innovation. A non-profit organization founded in 2006, it provides today’s clean tech innovators with the tools, training and connections they need to become tomorrow's viable clean tech businesses. The core of CTO is an annual business competition, supported by expert volunteers and mentors, that provides entrepreneurs with the crucial business training, services and insights they need to go to market successfully. CTO has assisted over 100 companies raise more than $120 million in external funding, and has spurred the creation of hundreds of jobs in California. Fueled by a network of over 400 volunteers and sponsors, CTO unites the public and private sectors in a shared vision for making America's clean tech sector a thriving economic engine. Past alumni successes include Adura Technologies, Cool Earth Solar and GreenVolts. To learn more, visit: www.cleantechopen.com.

About Puget Sound Energy

Washington state’s oldest local energy utility, Puget Sound Energy serves more than 1 million electric customers and nearly 750,000 natural gas customers in 11 counties.  A subsidiary of Puget Energy, PSE meets the energy needs of its growing customer base  through incremental, cost-effective energy conservation, procurement of sustainable energy resources, and far-sighted investment in the energy-delivery infrastructure. PSE employees are dedicated to providing great customer service and delivering energy that is safe, reliable, reasonably priced, and environmentally responsible. For more information, visit www.PSE.com. 

 

 

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