AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Element Captures a Place in the 2020 Global Cleantech 100

January 23, 2020 GMT

SAN FRANCISCO--(BUSINESS WIRE)--Jan 23, 2020--

Element, a leading provider of software that unlocks the value of industrial asset data, was named a 2020 Global Cleantech 100 company by Cleantech Group. Element was included in the new “Enabling Technologies” category for companies addressing the global challenge of transforming industries with technologies that can drive down resource use and maximize efficiency of manufacturing and operational processes. In doing so, Cleantech is recognizing the importance of companies being able to process and analyze industrial asset data for optimal decision making, across the board.

The 2020 Global Cleantech 100 is the 11th edition of the respected annual guide to the leading companies and themes in sustainable innovation. The final 100 were chosen from 8,312 nominations from over 80 countries. The list features the private, independent and for-profit companies best positioned to contribute to a more digitized, de-carbonized and resource-efficient industrial future.

“Being named to the Global Cleantech 100 is an acknowledgement of the power of Element AssetHub to improve industrial operations, including making operations more optimized, cleaner, and healthier,” said Andy Bane, CEO of Element. “Industrial organizations are striving to make optimal use of their asset data but feel like they are losing the battle against growing asset data complexity owing to the many data silos and poor data quality, especially their equipment-based time series data. Element AssetHub reduces asset data complexity and instills trust in the data, accelerating adoption of modern analytics like AI and machine learning, and empowering people throughout organizations to find ways to improve operations.”

The list combines Cleantech Group’s research data with qualitative judgements from nominations and insight from a global 80-member expert panel of leading investors and executives from corporations and industrials active in technology and innovation scouting. From pioneers and veterans to new entrants, the expert panel broadly represents the global cleantech community and results in a list with a powerful base of respect and support from many important players within the cleantech innovation ecosystem. The Global Cleantech 100 program is sponsored by Chubb.

“It feels right that our first list of the future-defining 2020s, should see a continued strengthening in the representation of truly impactful and necessary innovations to transform our diets, to enable a more renewable-heavy energy system, and to capture and utilize the vast levels of CO2 we have been freely emitting for decades,” said Richard Youngman, CEO, Cleantech Group. “Also included in our 2020 list are some big and critical shots at solving global problems – from proving out fusion and next-gen batteries to zero carbon aviation.”

For detailed information on Element’s outlook as an innovator, visit Cleantech Group’s market intelligence platform i3 and search for Element. Download the report and meet the companies solving our biggest challenges.

About Cleantech Group

Cleantech® Group provides research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. At every stage from initial strategy to final deals, we bring corporate change makers, investors, governments and stakeholders from across the ecosystem the access and customized support they need to thrive in a more digitized, de-carbonized and resource-efficient future.

The company was established in 2002 and is headquartered in San Francisco with a growing international presence in London. Our parent company, Enovation Partners, is based in Chicago.

About Element

Element unlocks and instills trust in asset data, enabling industrial organizations to find insights that transform operational performance, resulting in hundreds of millions of dollars of value, and cleaner, safer, healthier operations. Element AssetHub is an enterprise software solution that automates the convergence of all enterprise asset data, bringing it into the modern analytical world at scale. Element’s industrial customers—who today represent over $500 billion in combined annual revenue, over $300 billion in combined fixed assets and over 350,000 combined employees—achieve exponential availability of useful, trusted asset data, but without exponentially driving up costs and complexity. For more information please visit: www.elementanalyics.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200123005835/en/

CONTACT: Media Contact: Laura Dolby

Cleantech Group Email:laura.dolby@cleantech.comCara Hollis

cara@elementanalytics.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: DATA MANAGEMENT SECURITY TECHNOLOGY SOFTWARE NETWORKS INTERNET

SOURCE: Element

Copyright Business Wire 2020.

PUB: 01/23/2020 04:27 PM/DISC: 01/23/2020 04:27 PM

http://www.businesswire.com/news/home/20200123005835/en