Cited By Bloomberg New Energy Finance for Commitment to the Field of Clean Energy, Technology and Innovation
Bloomberg New Energy Finance today announced SAGE Electrochromics has been named a 2011 New Energy Pioneer. Nine other companies were honored at the fourth annual Bloomberg New Energy Finance Summit.
SAGE Electrochromics is the world's leading developer of dynamic window glass that optimizes daylight, improves the human experience within buildings and reduces energy consumption.
"We are honored to have been selected as a 2011 New Energy Pioneer and congratulate our fellow Pioneers who are all equally passionate about making the world a better place," said John Van Dine, CEO and Founder of SAGE Electrochromics. "As nations seek ways of reducing dependence on fossil fuels, the benefits of increasing energy efficiency—particularly in buildings, which are tremendous energy-wasters—become increasingly clear. SageGlass not only saves energy, but also enables the construction of more beautiful buildings that enhance the human condition by increasing comfort and productivity."
In its second year, the Bloomberg New Energy Finance Pioneers program spotlights companies from across the world making significant gains in the field of clean technology and innovation. A panel of industry experts, led by Bloomberg New Energy Finance technology specialists, chose the honorees by assessing them against three criteria: potential scale, innovation and momentum.
This year's winners represent a broad range of industries including bioenergy, energy smart technologies, water and solar. Each of the New Energy Pioneers has worked to develop unique technologies and has demonstrated the potential for these technologies to be competitive in the marketplace and implemented on a large scale.
"The panel carefully selected these companies because we believe they have the potential to change the energy landscape in a very significant way," said Michael Liebreich, Summit chairman and head of Bloomberg New Energy Finance. "In this fast-evolving sector, the Pioneers could play a major role in the world's transition to a lower carbon energy system."
Other winners include BrightSource Energy, eMeter, Epuramat, Green Biologics, Metabolix, On-Ramp Wireless, Redwood Systems, TaKaDu and Winafrique. The Bloomberg New Energy Finance Pioneers Program is sponsored by AutoDesk and Morrison & Foerster.
About SAGE Electrochromics, Inc.
SAGE Electrochromics is the world's leading developer of dynamic window glass that changes tint to optimize daylight and improve the human experience within buildings. SageGlass controls the sunlight and heat that enters and leaves a building, significantly reducing energy consumption while enhancing human comfort and well-being. SageGlass is a smarter, more elegant solution to problematic conventional sun controls such as mechanical window shades, blinds and louvers. The company is headquartered in Minneapolis, MN, the "silicon valley of windows." For more information visit: www.sage-ec.com.
In 2010, Saint-Gobain Glass acquired 50 percent of the equity of SAGE Electrochromics for the large-scale manufacture of electrochromic glass. SAGE is building the world's first large-scale electrochromic glass plant in Faribault, Minnesota. The project, which started in November 2010, will cost about $135 million. The new plant will have an annual production capacity of more than 370, 000 square meters (4 million square feet) of electrochromic glass with sizes ranging up to 1.5 x 3.5 meters (5 x 10 feet), much larger than currently available in the market. The plant is scheduled to begin production starting in mid-2012.
SAGE will remain an independent company and continue to market its SageGlass® products in North America, where they are used in hundreds of up-market commercial, institutional and residential buildings. Saint-Gobain will market SageGlass® under the QUANTUM GLASS™ brand in Europe. The two companies will work together to develop a marketing strategy for Asia and the rest of the world, leveraging Saint-Gobain's distribution partnerships.
About New Energy Finance
Bloomberg New Energy Finance is the world's leading independent provider of news, data, research and analysis to decision-makers in renewable energy, carbon markets, energy smart technologies, carbon capture and storage, and nuclear power. The group has staff of more than 180, based in London, Washington D.C., New York, Beijing, New Delhi, Hyderabad, Cape Town, São Paulo, Singapore, and Sydney.
Bloomberg New Energy Finance Insight Services provide deep market analysis to investors in wind, solar, bioenergy, geothermal, carbon capture and storage, energy efficiency, and nuclear power. The group also offers dedicated services for each of the major emerging carbon markets: European, Global Kyoto, Australia, and the US, where it covers the planned regional markets as well as potential federal initiatives and the voluntary carbon market. Bloomberg New Energy Finance Industry Intelligence provides access to the most comprehensive database of investors and investments in clean energy and carbon. The News and Briefing Service is the leading global news service focusing on clean energy investment. The group also undertakes custom research and runs senior-level networking events. For more information on Bloomberg New Energy Finance: http://www.newenergyfinance.com
Bloomberg is the world's most trusted source of information for financial professionals and businesses. Bloomberg combines innovative technology with unmatched analytics, data, news, and display and distribution capabilities, to deliver critical information via the Bloomberg Professional service and multimedia platforms, including Bloomberg Businessweek and Bloomberg Markets magazines. Bloomberg's media properties span television, radio, digital and print, making up one of the world's largest news organizations. Headquartered in New York, the company employs more than 12,900 people in 166 locations around the world. For more information, please visit http://www.bloomberg.com.