Inc. magazine today ranked Greensmith, a provider of grid-scale energy storage software and integration solutions, number 107 on its 34th annual Inc. 5000, a ranking of the nation's fastest-growing private companies. Greensmith's three-year sales growth of 3,209 percent enabled it to secure: The number 1 ranking among energy storage-focused companies; A number 7 ranking among energy companies; and The number 1 ranking among Maryland-based companies.
“We are very pleased to be named to the 2015 Inc. 5000, and excited to see that we are the highest ranking energy storage company on this year’s list,†said John Jung, CEO of Greensmith. “After delivering over a third of all energy storage installed in the United States in 2014, all of which featured our GEMS software platform, this latest honor represents the commercial traction and growth we are having as a business—something that is important to us and our growing customer base on both sides of the meter."
GEMS, Greensmith’s fourth generation software platform currently manages more than 40 different energy storage sites, including: A 20MW / 9MWh storage project used for frequency regulation in Illinois A 2 MW / 6 MWh storage project used for transmission and distribution deferral in California (multi-application); A 1 MW / 500 kWh storage project used for PV and power quality in Puerto Rico (multi-application); A 1 MW / 500 kWh storage project used for frequency regulation in Ohio; and A 500 kW / 1.5 MWh storage project used for capacity and solar firming in California (multi-application).
