On March 28, His Serene Highness, Prince Albert II of Monaco bestowed innovation awards for excellence in the field of environmental technology to three emerging technology companies — Mango Materials, Frigesco, and One Earth Designs — out of a field of 22 companies from 11 countries that participated in the annual three-day CleanEquity Monaco conference in Monte Carlo.
The award winning companies featured vastly different technologies to earn awards in three different categories:
- Mango Materials, a San Francisco-area research stage company that produces biodegradable plastics from waste biogas (methane) that are economically competitive with conventional oil-based plastics, earned the award excellence in the field of environmental technology research;
- Frigesco, a UK-based development stage company focused on improving the energy efficiency of commercial refrigeration systems and in particular defrost technology, through innovative and patented engineering solutions, won the award for excellence in the field of environmental technology development; and
- One Earth Designs a Hong Kong-based company that is commercializing SolSource, a high performance parabolic solar cooker designed as a low cost, environmentally benign platform technology to replace traditional wood, charcoal or peat fired cooking that persists in many areas of developing world that lack reliable access to electricity, won the award for excellence in the field of environmental technology commercialization. SolSource can also be combined with a thermoelectric generator to power small appliances or to charge batteries.
CleanEquity, billed as the World’s Leading Emerging Cleantech Conference, invites 20-30 companies each year from approximately 400 that are considered to present to delegates representing a wide range of venture firms, private equity firms, corporate venture arms, and sovereign investors. Over the seven years of its existence, CleanEquity has brought forward multiple energy and environmental technology companies that have executed on public offerings or strategic transactions. Presenting companies this year showcased innovative technologies for grid-connected renewable energy storage and demand response, hydrogen storage and fuel cells, water treatment and water conservation, gas-to-liquid fuels, air treatment, vehicle electrification and electric vehicle telemetry, energy efficiency, cloud computing, thin-film organic solar pv, and nanoparticle magnets that do not use rare earth elements. The conference also features thought leadership panel discussions, including, this year, sessions on cutting edge energy efficiency and sustainability developments in commercial automotive innovation through motorsport trickledown technologies, water technologies, home automation, and digital manufacturing.
Covington has been the sole law firm sponsor of CleanEquity each year for the past five years.