Power Plus Communications Named in Cleantech Connect Top 50
London, 18th November 2010. Power Plus Communications (PPC), a leading provider of broadband powerline communications for smart metering and smart grids, has been named by Cleantech Connect (CTC) as one of the fastest growing cleantech companies in Europe in 2010. The Cleantech Connect awards are organised by investment bank GP Bullhound with premium sponsor, Schroders Private Banking. PPC made the top 50 for the second consecutive year and this year was placed in the top 20 due to its 52 per cent growth. The awards list, which was judged by a panel of leading industry experts, comprises some of the most prestigious names in the industry.
“We are honoured and excited to be recognised, once again, as one of the leading cleantech companies in Europe,” said Eugen Mayer, Chief Operating Officer at PPC. “This recognition in Cleantech Connect’s top 50 for 2010 reflects our continued commitment to the development of cleantech, and of our success to date.”
PPC innovations in broadband powerline technology have fuelled the company’s growth, earning it a place amongst Europe’s leading lights in driving development of smart metering and smart grids. PPC’s solution converts existing powerlines into real-time communications platforms to create smart energy networks. These networks are at the core of carbon-saving smart metering and intelligent production programmes, as well as load and storage management. These systems will help provide the information needed to enable providers and end users to make informed decisions on energy efficiency, promote the use of renewable energy, and electric vehicles.
Currently being trialled across Europe, PPC’s smart grid communication technology is powering the smart metering network in Germany’s first smart city, Mannheim, enabling two-way communication between energy providers and consumers. PPC’s technology provides 90 per cent communications coverage of Mannheim, which is testament to PPC’s ongoing success and innovation.
“This is a really exciting time for the cleantech industry across Europe,” continues Mayer. “The smart grid is at the forefront of the energy revolution and our technology sits at the heart of the smart grid. Our contribution to the development of the industry and
our specialisation in smart metering communications has been key to positioning us as one of Europe’s fastest-growing cleantech companies”
Representatives of PPC were invited to attend the annual CTC awards ceremony in recognition of the achievement, which was held on the evening of November 17th at Sketch, in London.
Power Plus Communications AG (PPC) was founded in 2001 and is now Europe's
leading supplier of broadband power line communication systems. Its technology is already used in more than 300,000 households across continental Europe. Towards the end of 2008 Climate Change Capital invested 10 million Euros into PPC to support the company's ambitious expansion plans.
For more information please go to: www.ppc-ag.com
Aspectus PR (for PPC)
Ellie Bacon/Kate Garratt
Tel: +44 (0) 20 7182 4081
Power Plus Communications AG
Am Exerzierplatz 2
Tel: +49 621 - 40165 - 127
About Cleantech Connect 2010 Awards
Cleantech Connect brings together Europes' leaders in the clean and green technology space. Recognising growth and innovation in the sector, GP Bullhound is a keen supporter of this growing area. Cleantech Connect 2010 Awards are sponsored by: Schroders Private Banking, law firm Choate, RUSTON wheb, NESTA, and the charity for the night, SolarAid.
About GP Bullhound
With offices in London and San Francisco, GP Bullhound is a leading investment banking firm providing advice on mergers & acquisitions and institutional capital-raising to emerging growth companies in the Technology sector.
The firm was established in 1999, and has completed over 100 M&A and Private Placement transactions on behalf of Europe's leading entrepreneurs and business builders. Comprised of some of the most experienced technology advisory professionals, our long track record and dedicated approach has helped us establish a leading global position. We have strong domain expertise in the areas of Internet and Digital Media, Software and Services, CleanTech and Hardware, where we focus on providing preeminent advisory services to some of the best entrepreneurs, management teams and investors around the globe.
For enquiries, please contact: Lina Einarsson +44 207 101 7560 firstname.lastname@example.org