NEW YORK--(BUSINESS WIRE)--Broadscale Group, a new model of investment firm working with leading energy corporations to commercialize the industry’s most promising innovations, today announced Johnson Controls as its newest Network Member. Johnson Controls joins previously announced Network Members Duke Energy, General Electric, and National Grid.
As part of the Broadscale Network, Johnson Controls will have access to unique investment and commercialization opportunities with growth-stage companies. Broadscale’s commercialization platform aligns the strategic interests of industry leaders and growth companies to overcome the challenges that have made it difficult for many important energy innovations to succeed.
“We are very excited to have Johnson Controls in our Network,” said Andrew L. Shapiro, Broadscale’s founder. “With extensive knowledge across the building, energy, and automotive industries and a clear commitment to innovation, Johnson Controls is a great partner for us.”
“Innovation has driven our company since its founding more than 125 years ago,” said Kevin Self, vice president of strategy and corporate development, Johnson Controls Building Efficiency. “We believe finding new ways to identify and commercialize breakthrough technologies is an essential part of our future.”
Founded in 2012, Broadscale Group accelerates innovation across the energy and resource industries in order to improve productivity and make cleaner solutions more cost effective. Broadscale is committed to combining the drive, creativity and technical advances of the best entrepreneurs with the market knowledge and reach of established industry leaders.
About Broadscale Group
Broadscale Group (www.broadscale.com) is a new model of investment firm dedicated to scaling up breakthrough solutions for a changing world. Broadscale works with leading corporations to invest in and commercialize the most promising, market-ready solutions.
About Johnson Controls
Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Its 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. For additional information, please visit http://www.johnsoncontrols.com.