NEW YORK & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Bloomberg New Energy Finance today announced that 24M is one of ten companies selected as a 2016 New Energy Pioneer. Now in its seventh year, Bloomberg New Energy Finance’s New Energy Pioneer Award recognizes game-changing innovators revolutionizing the energy sector. 24M and the other 2016 winners will be recognized on stage at the ninth annual Bloomberg New Energy Finance 2016 Future of Energy Summit today in New York City.
“24M is honored to be recognized by Bloomberg New Energy Finance for our innovations in lithium-ion battery design and manufacturing,” said Throop Wilder, CEO of 24M. “This award is further validation that our unique approach to reinventing the lithium-ion battery, today’s leading energy-storage technology, can be a game changer as we transition to a clean energy economy.”
The New Energy Pioneer Award judges recognized 24M for its revolutionary new semisolid lithium-ion technology and the industry momentum it has achieved since launching less than a year ago. 24M addresses the $100B+ global market for affordable energy storage that is being fueled by the challenges of an aging grid infrastructure, integrating renewable energy sources and accelerating adoption of electric vehicles, among others. The 24M cell is the first significant advancement in lithium-ion battery design in more than 20 years and will slash today’s lithium-ion costs by 50% while improving life, safety and energy density.
The Bloomberg New Energy Finance awards program selects ten New Energy Pioneers each year from hundreds of applicants around the world. An independent panel of industry experts selected the winners using the following three criteria: innovation, demonstrated momentum and potential global scale.
Michael Wilshire, selection committee chair and head of analysis and transformation at Bloomberg New Energy Finance, said: “This year, we were impressed by the very strong set of candidates we received for the New Energy Pioneers program, and the range of activities that they cover – including solar, wind, storage, transport, bioenergy, energy smart technologies and machine learning.
"We were delighted to see the breadth of innovation that is happening in the industry and struck by the impact that those organizations could have on the energy system of the future. We are as always very grateful to our group of external judges on the selection committee who had the challenging task of narrowing the field of entries to a final set of 10 winners.”
Other 2016 winners include: Autogrid Systems, Emergya Wind Technologies, FirstFuel, Mobisol, Newlight Technologies, Sentient Science, SolarKiosk, Verdezyne and Vigilent.
For more information on the Pioneers program, visit: http://about.bnef.com/events-awards/new-energy-pioneers/. For more information on the Bloomberg New Energy Finance Summit, visit: http://about.bnef.com/summit/
24M answers the world’s need for affordable energy storage by enabling a new, more cost-effective solution–semisolid lithium-ion technology. By re-inventing the design of the battery cell as well as the manufacturing method, 24M solves the critical, decades-old challenge associated with the world’s preferred energy storage chemistry: reducing its high cost while bettering its performance. Founded and led by some of the battery industry’s foremost inventors, scientists and entrepreneurs, 24M is headquartered in Cambridge, Mass. For more information, please visit www.24-m.com.
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