SAN FRANCISCO — (BUSINESS WIRE)—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.
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.
Element provides software for industrial organizations to more efficiently transform their diverse sources of industrial data, empowering their teams to find new insights that improve operational performance, resulting in hundreds of millions of dollars of value, and cleaner, safer, healthier operations. Element AssetHub automates the data preparation burdens associated with industrial data, freeing up time and resources to focus on analytical applications that improve business performance. Element Asset Framework Accelerator is a purpose-built offering for OSIsoft PI System customers who want to build enterprise-grade PI AFs fast for analysis of their enterprise PI data. Element’s industrial customers represent over $500 billion in revenue, $300 billion in fixed assets and 350,000 employees. For more information please visit: www.elementanalytics.com.
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