San Jose, CA (PRWEB) November 14, 2008
The Environmental Business Cluster of San Jose, CA, has announced that two of their client companies won top honors in the prestigious California Clean Tech Open competition. Viridis Earth was the winner in the Energy Efficiency category, and ElectraDrive was the winner in the Clean Transportation Category.
The California Clean Tech Open (CCTO) is a Silicon Valley business plan competition that provides each of six winners with $50,000 cash and $50,000 in services and assistance. To date, past Clean Tech Open winners have raised over $115 million in funding.
The Environmental Business Cluster and the City of San Jose also announced that all of this year's winners and runners-up will receive the San Jose Prize for Green Vision and Innovation. The San Jose prize, the result of a strategic partnership between the Environmental Business Cluster, the San Jose BioCenter, City of San Jose, the San Jose Redevelopment Agency, and the California Clean Tech Open, connects the CCTO winners and runners-up with world class business services and offices through San Jose's incubator programs for one year.
ElectraDrive is developing a technology to convert existing vehicles to plug-in hybrids. Their technology will integrate emerging extended-range electric drive components into vehicle engine bays vacated by their old gas drive trains, eliminating the need for custom sheet metalwork and welding. This will enable the rapid conversion of existing cars and light trucks to electric or extended-range electric drive. Preliminary customers will be government fleets and a small but growing number of private consumers.
About Viridis Earth
Americans spend about $53B annually on running their home air conditioners. To satisfy this consumption, utility companies must build a robust infrastructure including power plants just to cover peak demand. The result is a five fold increase in cost of producing energy during peak hours. Viridis introduces a simple product, based upon proven technology to reduce the energy requirements of air conditioners by 20%. This translates directly to a lower monthly energy cost for the consumer and a reduction of peak power production expense for the utility.
About the Environmental Business Cluster
The Environmental Business Cluster (EBC) is a clean energy and environmental technology commercialization center located in downtown San Jose, CA. The EBC provides start-up assistance and commercialization services to both resident and non-resident clients. Since its inception in 1994, the incubator has helped 145 companies and has become the largest private clean-energy commercialization center in the United States for start-up companies. A recent UK study of 110 clean energy commercialization centers around the world over a two year period ranked the Environmental Business Cluster #1 in the number of technologies successfully commercialized. The EBC also received the National Business Incubation Association's 2008 Randall M. Whaley Incubator of the Year award as the nation's top incubator.
Environmental Business Cluster
San Jose, CA