Virent – Red Herring Recipient
Thursday, July 15, 2010
Virent Energy Systems Inc. was one of 100 top technology startup companies that received the Red Herring North America award last week during an event in San Jose, Calif. This year’s 100 honorees included only six cleantech and energy companies, including Virent.
Winners and finalists were chosen by the editors of Red Herring on the basis of technology innovation, quality of management, breadth of partners and customers and depth of financial backing.
Virent is a Madison, Wisc.-based biofuels company specializing in producing fuel from biomass-derived feedstocks using its own patented Aqueous Phase Reforming process, Bioforming.
In April Biomass Magazine reported that Virent is currently involved in a five-year deal with Shell to produce biogasoline from plant sugars and expects to be producing at a commercial-scale by 2010.
Red Herring specializes in identifying emerging technology trends capable of dramatically altering their industries. Past recipients include Google, Yahoo!, Skype, Netscape and YouTube.
“This award recognizes the compelling nature of Virent’s ability to generate advanced biofuels that are sustainable, cost-effective and fully compatible with today’s engines and distribution infrastructure,” said Eric Apfelbach, president and chief executive officer at Virent. “It also acknowledges that Virent has now made substantial progress toward commercializing its technology and securing its future. We are honored to be part of Red Herring’s distinguished history of identifying truly disruptive technologies.”