NanoSteel Honored as 2013 Emerging Company of the Year by NECEC
NECEC’s Emerging Company of the Year award is given to an organization that has emerged from its development phase with tremendous momentum and is poised to build on that momentum with rapid commercial growth. Past winners include Harvest Power (2010), BigBelly Solar (2011) and Joule Unlimited (2012).
“NanoSteel is at the precipice of bringing its nano-structured steel alloy technology into the automotive industry to significantly lightweight vehicles and improve fuel economy,” said Peter Rothstein, NECEC president. “We are thrilled to provide them with this award and congratulate all of tonight’s award winners which exemplify innovative companies leading research, development, adoption and deployment of clean energy technologies in our region.”
“NanoSteel is honored to receive NECEC’s Emerging Company of the Year award,” said Dave Paratore, president and CEO of NanoSteel. “Building on the inherent benefits of steel, the most recyclable metal in the world, our mission is to offer material solutions that address challenges at the intersection of automotive safety, efficiency and emissions.”
NECEC’s 6th Annual Green Tie Gala was held at the Boston Westin Waterfront and attracted more than 400 leaders and stakeholders in the clean energy industry, including company CEOs, government officials, service providers, academics, venture investment firms, labor and large commercial end-users and area utilities. Other 2013 Green Tie Gala award recipients include Digital Lumens, 1366 Technologies, Saint Gobain and Health Care Without Harm. In addition, NECEC honored Massachusetts Governor Deval L. Patrick as the 2013 Clean Energy Hall of Fame Inductee for his leadership and dedication in growing the clean energy sector.
NanoSteel is the world leader in proprietary nano-structured steel material designs. Over its eleven-year history, NanoSteel has created progressive generations of iron-based alloys from surface coatings to foils to powder metals and sheet steel. For the oil & gas, mining and power industries, NanoSteel has successfully introduced commercial applications of metallic coatings to prolong service lifetime in the most extreme industrial environments. For the automotive industry, NanoSteel has achieved a significant breakthrough in the development of nano-structured sheet steel with exceptional strength and ductility. NanoSteel is a privately held company funded by lead shareholders EnerTech and Fairhaven Capital.