TORONTO, ON – [November.27, 2023] – TROES, a leading innovator in energy storage solutions, is thrilled to announce its selection as one of Foresight Canada’s Foresight 50 for 2023, recognizing it as one of Canada’s Most Investable Cleantech Ventures.
Foresight, a prominent cleantech accelerator, conducted an exhaustive recruitment process in collaboration with partners nationwide to identify the top 50 ventures. The selection process involved an evaluation by an internal panel of Foresight Executives in Residence and mentors, 183 companies advanced as finalists for the judging phase. The judging panel, composed of 41 cleantech investors, rigorously assessed the companies based on criteria such as investability, potential environmental and employment impact, leadership and team, and probability of success.
At the core of TROES’ success is its groundbreaking “Microgrid-in-a-Box” solution, revolutionizing the development process of battery energy storage systems. This innovative solution facilitates collaboration between various stakeholders, reducing costs and accelerating project timelines. The comprehensive approach seamlessly integrates hardware, software, operational services, and channel partners, making it an attractive and efficient option for mid-sized commercial, industrial and institutional clients.
Clients adopting the “Microgrid-in-a-Box” can achieve savings of 20 – 60 per cent on energy costs, leading to substantial financial benefits. Moreover, the technology’s ability to provide grid stability support makes it a crucial asset for regions with limited grid availability, opening up new markets and opportunities.
“We are honored to be recognized by Foresight as one of Canada’s Most Investible Cleantech Ventures,” said Vienna Zhou, CEO and Founder at TROES. “This recognition underscores our commitment to driving innovation, delivering successful projects, and making renewable energy accessible and cost-effective on a global scale.”
As a distinguished member of the Foresight 50, TROES invites forward-thinking organizations and investors to explore the significant potential in cleantech and join in creating a greener and more sustainable world.
For more information about TROES and its groundbreaking solutions, please visit troescorp.com