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Company named 'Best in Water'
Rentricity, one of the original startup companies in the New York Accelerator for a Clean and Renewable Economy (NYC ACRE) cleantech support system, has been named a Later Stage Global Top 10 greentech company, chosen from a field of 4,000. The award by the Global Cleantech Cluster Association (GCCA) also named Rentricity as the winner of the "Best of Water."
Rentricity recovers energy from excess water pressure in pipes to produce clean, renewable electricity. It targets water, wastewater and industrial infrastructure to produce electricity that can be sold into the electric grid or used behind the meter. As one of the Global Top 10, GCCA recognized Rentricity for winning access to sources of growth capital and management guidance. GCCA also cited Rentricity for significant success in growing the cleantech industry in New York City and for its support of green job growth in the region.
Rentricity has completed two commercial projects, and it has four other projects in development. Among them is a project funded by the New York State Energy and Research Development Authority to develop wastewater solutions for New York City.
"This international recognition gives us inspiration, and we hope to use it as a springboard to find our first project outside of North America," said Founder and President Frank Zammataro. "NYC ACRE's nomination of Rentricity for the GCCA award has now expanded its support for us beyond New York City and the state of New York to the global cleantech community."