(WK-news) – Boulder Wind Power, a technology provider to the wind industry developing an innovative direct-drive wind turbine generator,was selected as the “Breakout Company of the Year” by the Colorado Cleantech Industry Association (CCIA) at the 2012 Colorado Cleantech Awards Celebration held on October 22, 2012 in Denver.
The award for “Breakout Company of the Year” goes to the most promising clean tech company in Colorado that has moved past its Series-A round of financing (the first round of financing after seed capital), has raised at least $10 million and is expanding its employee base.
Over the last year Boulder Wind Power has raised $35 million bringing total equity capital raised to $46 million since its founding in 2009, successfully proven its unique direct drive generator and power converter technologies at scale, relocated its headquarters to a 35,000 square-foot facility in Louisville, Colorado, and continued to expand its world class team at all levels, including the addition of wind industry veteran Andy Cukurs as CEO in February. In total Boulder Wind Power has created 43 new jobs in Colorado.
Boulder Wind Power’s Co-Founder and Chief Technology Officer, Sandy Butterfield, said, “Our team of innovators has achieved several critical milestones over the past year, and we are thrilled to be recognized by the Colorado Cleantech Industry Association for this progress. As we begin developing prototype generators and power converters for leading wind turbine manufacturers around the world, we look forward to the commercialization phase ahead of us.”
“Innovative companies like Boulder Wind Power that have compelling technology advancements, strong leadership teams and robust funding are helping to keep Colorado in the national spotlight. Congratulations to Andy, Sandy and the whole Boulder Wind Power team for this award,” said Christine Shapard, Executive Director of CCIA.
About Boulder Wind Power
Boulder Wind Power is a private company based in Louisville, Colorado that has developed a radically different direct drive wind turbine generator and power converter for utility scale electricity generation. The Company’s next generation technology is simpler, more efficient and less costly to maintain than alternative wind turbine drivetrain technologies. Boulder Wind Power’s products will enable the production of electricity at a cost dramatically lower than existing offerings and competitive with fossil fuel energy production costs. The Company is a technology provider to wind turbine manufacturers and supplier of its patented generator and power electronics for incorporation into their products. Turbine design services will also be provided to enable Boulder Wind Power’s customers to quickly develop and deliver next generation wind turbines incorporating the Company’s generator and power electronics. BWP has raised $46 million in equity capital from investors including New Enterprise Associate (“NEA”) and Molycorp.
About the Colorado Cleantech Industry Association
The Colorado Cleantech Industry Association (CCIA) represents the interests of the state’s clean-tech industry. Its mission is to further establish Colorado as a world leader in clean technology by providing representation and advocacy, a unified voice, relevant programming and capacity development.
PR: Boulder Wind Power