Tuesday, October 04, 2011

PA Science News I: Viridity Energy

from the inbox:

Viridity Energy, founded in 2008 by former executives of PJM Interconnection, was originally based in Conshohocken, Pennsylvania in a 5,000 square foot space. At the beginning of 2011, the company employed 20, and has more than doubled its staff in a matter of months, now with 45 employees and a global reach.

"We like to see ourselves as providing a national service, so the new location is important for us getting to Washington, getting to New York, and enhances our ability to go elsewhere," said Audrey Zibelman, president and CEO. "Here at Viridity, we are helping people get smart about energy."

The company also recently announced that it's been chosen for an up to $700,000 grant to develop a power consumption management system that's a joint effort by the U.S. Department of Energy and the Ministry of National Infrastructures of Israel. Closer to home, in the works this year are an energy harvesting project for SEPTA that harnesses power from braking subway trains, and an innovative battery storage system for Thomas Jefferson University. Viridity participates in PJM, NYISO, ISONE, California energy markets, and recently moved into Texas.

Viridity is moving from Conshohocken to downtown Philadelphia. Tomorrow Mayor Michael Nutter and Viridity CEO Aubrey Zibelman are doing an official ribbon cutting tomorrow.

Three thoughts on this: 1) It's great to see more business moving into Philadelphia, I hope more will move in from outside the region so we aren't just moving the same pieces around the chessboard, 2) an energy company with a woman CEO? Woohoo! (And I checked the company website to make sure, instead of just going by the name), and 3) an energy hub in the area would be great. We already have the Greater Philadelphia Innovation Cluster.

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