Irish tidal energy company, OpenHydro, has announced that it has been chosen by the Global Cleantech Cluster Association (GCCA) as a 2011 Later Stage Award Top 30 finalist.

Inclusion in the GCCA Global Top 30 reflects the strong business and market position of

the company in the marine renewables sector, and signifies that its innovative approaches and technologies are gaining a foothold in the new global green economy. OpenHydro was nominated for the GCCA Later Stage Award by An tSlí Ghlas, The Green Way – Ireland's Cleantech Cluster. The company's business model, market position and potential qualified it to be a GCCA Later Stage Award 2011 Global Top 30 Finalist.

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Based in Louth, OpenHydro and the other 2011 Global Top 30 companies will be honoured at the GCCA's Later Stage Award Dinner held in conjunction with the Dublin Cleantech Forum on November 14th, 2011.

Co-hosted by An tSlí Ghlas, the full day executive event features CEO presentations and high-level discussions on the most critical topics for emerging clean technology companies and investment opportunities.

"Narrowing down 185 nominations from cleantech clusters all over the world down to 30 was a very competitive process," said Ben Taube, Chairman of the GCCA. "These Top 30 Finalists are the rising stars of the world's clean technology sector."

The GCCA Later Stage Award Global Top 30 Finalists were selected out of the 4000 companies represented by the GCCA's 30 member clusters, ranging from North America and Europe to Asia.

(CD)