Lightning Hybrids press release
Lightning Hybrids Receives “Best Venture” Award at NREL Industry Growth Forum
Denver, Colorado. November 17th, 2015. Lightning Hybrids received top honor at the Industry Growth Forum held earlier this month in Denver, and hosted by the Energy Department’s National Renewable Energy Laboratory (NREL). The event brought 30 emerging cleantech industry company finalists from a field of 115 to present their technologies and business models to a panel of knowledgeable investor judges. Each company was graded on factors including the quality of the product, market, business model and team. The Lightning Hybrids presentation showed how their hydraulic hybrid system for medium and heavy duty vehicles has strong global market opportunities and provides benefits to a large and diverse group of stakeholders by providing fleets with a way to run cleaner and more efficient vehicles.
The company’s president, Tim Reeser said, “This is the sixth year that we have applied to present at the forum and the first year to be a finalist and have a chance to present. Of course, we’re thrilled with the outcome! I’m honored to take this award back to the Lightning Hybrids team – this is excellent validation of their hard work, talent, and ingenuity. For our current investors this award confirms their investment and creates a stronger value. For potential investors, including several new investors from the NREL forum, it is an impetus to get on-board with a fast-growing international company. NREL always makes this event a valuable one with the right format and the right people in the room. The networking we have been able to do with major investors has been a great asset and we’re anxious to announce some major funding events in the near future.”
NREL news feature here: http://www.nrel.gov/news/features/2015/21599
About the Event
The Industry Growth Forum hosted by NREL attracted 350 innovators and investors to Denver. The 2015 Forum showcased 30 competitively selected emerging companies, provocative panels led by thought leaders, and facilitated networking sessions. Since 2003, presenting companies have collectively raised more than $5 billion in growth financing. More information can be found here: www.industrygrowthforum.org.
About Lightning Hybrids
Lightning Hybrids, with headquarters in Loveland, Colorado and offices in Detroit and the U.K., makes hybrid systems for medium- and heavy-duty fleet vehicles. The system provides emissions reductions and fuel efficiency improvements by regenerating braking energy, providing safer braking and more power for acceleration. The Lightning Hybrids system does not have any batteries, instead, it safely and efficiently stores energy mechanically in composite hydraulic accumulators, which are a fraction of the cost and weight of batteries. The system can be installed on over 30 platforms supported today on new vehicles as well as retrofitted on vehicles already in service. It is sold and serviced through a network of dealers and partners.
Additional company information can be found online at lightninghybrids.com.
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