GridBridge Joins Research Triangle Cleantech Cluster
Research Triangle Region, N.C. (May 19, 2014) – Raleigh-based GridBridge, developer and enabler of breakthrough power delivery systems, has joined the Research Triangle Cleantech Cluster (RTCC), the initiative of business, government, academic and nonprofit leaders working to accelerate the region’s cleantech economy. GridBridge, the first Entrepreneur member to join the Cluster, was also one of the only start-ups in the region selected for the Department of Energy’s recently established Next Generation Power Electronics Manufacturing Innovation Institute.
“We are proud to have the leadership of GridBridge join the Cluster. They are an encouraging story that demonstrates the power of the regional cleantech ecosystem,” said RTCC Chairman Ed White. The company has developed a novel technology to aid utility companies as a rapidly growing range of new energy demands from customers impacts the electric grid.
White continued, “We created the Entrepreneur category of membership in recognition of the role RTCC can play, as a convener of the region’s largest industry players in the cleantech space, in spurring exposure for young companies with strong ideas and potential.”
GridBridge has gained traction with utilities including Duke Energy, an RTCC board member, with whom they are now conducting a pilot. GridBridge was chosen in January to join and receive funding from a $140 million White House initiative to accelerate the commercialization of applications for wide band gap (WBG) technology. The company was also recently selected by NASA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for the company’s work to extend advanced intelligent energy routing technology beyond Earth to aerospace applications.
CEO Chad Eckhardt’s experience prior to joining GridBridge was at large OEM’s for electrical equipment, so his membership in the RTCC will be complementary as he brings both the perspectives of early stage and established organizations. An active leader in the entrepreneurial community, Eckhardt has also mentored a number of companies. “As part of our involvement in RTCC, I look forward to helping craft both a valuable offering and experience for additional early stage businesses helping to contribute to the region’s rapidly growing energy sector” said Eckhardt.
GridBridge is actively working with electric utility partners to turn years of research into reliable solutions that help manage the demands of a 21st century energy grid. Combining advanced electronics with innovative software, GridBridge’s products give utilities both versatility and dependability. The company’s Grid Energy RouterTM products will support grid modernization by empowering utilities to achieve multiple objectives simultaneously: integrate regulator-mandated renewable generation; significantly increase distribution efficiency; optimize distribution electricity flow; as well as, increase overall grid reliability and resilience. http://grid-bridge.com
About Research Triangle Cleantech Cluster
The Research Triangle Cleantech Cluster (RTCC) is an initiative of business, government, academic and nonprofit leaders working to accelerate the region’s cleantech economy through collaboration and partnerships that promote innovation and sector growth. The Research Triangle Regional Partnership (RTRP) formed and manages the RTCC with funding from industry board members ABB Inc., Cisco Systems, Duke Energy, Field2Base Inc., Itron Inc., Piedmont Natural Gas, Power Analytics Corp., PowerSecure International, RTI International, SAS, Schneider Electric, Sensus and Siemens and its members. RTRP is the public-private partnership that leads economic development strategy for the area within a 60-mile radius of the Raleigh-Durham International Airport and the Research Triangle Park in North Carolina. For more information, visit www.researchtrianglecleantech.org.
Lee Anne Nance, (919) 334-4075, firstname.lastname@example.org