SolarReserve has been named a 2015 Silver Winner for innovation by the internationally renowned Edison Awards™ for its efforts in advancing solar energy and solar thermal energy storage worldwide. The awards recognize innovation, creativity and ingenuity in the global economy. Being recognized with an Edison Award has become one of the highest accolades a company can receive in the name of innovation and business. The awards are named after Thomas Alva Edison (1847-1931) whose inventions, new product development methods and innovative achievements changed the world, garnered him 1,093 U.S. patents, and made him a household name.

“It’s exciting to see companies like SolarReserve continuing Thomas Edison’s legacy of challenging conventional thinking,” said Frank Bonafilia, Edison Awards’ executive director. “Edison Awards recognizes game-changing products and services, and the teams that brought them to the market.”

The need for storage technology is growing – especially as the use of renewable energy grows. Intermittency has been a concern along with the need to be able to deliver renewable power during peak demand periods. SolarReserve is addressing these issues and currently has more than $1.8 billion of projects in construction and operation worldwide, with development and long-term power contracts for 482 megawatts (MW) of solar projects representing $2.8 billion of project capital.

“We are honored to receive recognition from the Edison Awards and its distinguished panel of judges for our success in developing and commercializing breakthrough technology that solves the intermittency issues experienced with other renewable energy sources,” said SolarReserve’s Chief Executive Officer, Kevin Smith. “It is gratifying to have industry experts recognize the value and strategic vision of this technology as well as SolarReserve’s leadership in solar power and energy storage.”