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Friday, March 06, 2009

Ernst & Young and New Energy Finance Form Relationship to Strengthen Their Offering in the Clean Energy and Clean Technology Markets

Ernst & Young and New Energy Finance Form Relationship to Strengthen Their Offering in the Clean Energy and Clean Technology Markets

Data and sponsorship deal announced at second annual New Energy Finance Summit

LONDON March -Ernst & Young and New Energy Finance announced that they have formed a new business relationship that will strengthen their offering to the clean energy and clean technology markets. New Energy Finance is the leading provider of clean energy industry information and analysis to investors, corporations and governments relating to renewable energy and low carbon technologies. The two organizations will work together with the common goal of providing fresh and valuable content that will support and advance the global clean energy and clean technology markets.


Gil Forer, Ernst & Young’s Global Director of Cleantech, IPO and Venture Capital Initiatives, comments: “Reaching the next stage of cleantech industry development, especially in current economic conditions, will depend on an unprecedented level of collaboration between companies, investors, governments and professional groups. By joining forces, Ernst & Young and New Energy Finance will broaden and deepen the range of data, insights and industry strategic events available to support the cleantech community as it moves to the next level.
“This relationship supports Ernst & Young’s wider commitment to helping corporations make the transformational changes needed to mitigate and adapt to the adverse affects of climate change through our range of climate change and sustainability services. We are also committed to helping innovative cleantech companies on their journey from emerging to global market leaders.”

Ernst & Young’s business relationship with New Energy Finance consists of data, sponsorship and knowledge sharing components. Benefits to the clean energy and clean technology markets include:
Broader data. By regularly sharing market insights both parties will be able to broaden and deepen the range of data and insights available to the clean energy and clean technology markets. Insights will focus on clean energy as it relates to venture capital, private equity, corporate investments and project finance. Easier access to data and viewpoints. New Energy Finance data will be disseminated via established Ernst & Young publications, news releases and webcasts. Ernst & Young’s news releases and publications will also be available at www.newenergyfinance.com. Wider range of industry convening events. Ernst & Young will support New Energy Finance’s series of strategic events as the Professional Services Partner of the New Energy Finance Summit (London, March 4-6) and their Food For Thought program (FFT) which includes 15 issue-based roundtable discussions across the world. New Energy Finance will support Ernst & Young’s various strategic clean energy events including the insight-based Ignition roundtable discussions. "This partnership brings together two world-class organizations with complementary resources and a shared commitment to clean energy industry excellence. Particularly in this economy, New Energy Finance’s approach is to work with the best global partners to assist our respective clients in accessing a wider pool of resource,” noted Michael Liebreich, New Energy Finance Chairman and CEO.


About New Energy Finance
New Energy Finance’s goal is to help clients create value through their activities in clean energy and the carbon markets. To this end it delivers a range of services including news and newsletters, investment data, subscription-based research, advisory services and events. The sectors it covers include all areas of renewable energy, energy efficiency, hydrogen and fuel cells, nuclear power, carbon capture and sequestration, water, the carbon markets and associated services.

Founded in 2004, the company has 125 staff, based in its London headquarters and 10 offices around Europe, North and South America, Asia and Africa. It has four offices in the US: New York leads on US carbon market research and is the North American head office; Washington leads on energy research; Palo Alto leads on technology; San Francisco is the West Coast commercial hub. Cape Town, South Africa, is the company’s off-shore data centre. Other major offices include São Paulo, Beijing, Hyderabad, Perth and Tel Aviv.


Ernst & Young’s Cleantech global initiative
Ernst & Young works with companies, large and small, new and established, and in any industry as they transform their businesses in response to the challenges of climate change. We also work around the globe with the emerging cleantech market leaders, from alternative and renewable energy companies to energy efficiency and water solutions companies. Ernst & Young is also committed to fostering dialogue among large corporations, innovative emerging cleantech growth companies, investors and other stakeholders. We hope to make a difference by being a proactive player in the common effort to overcome the climate change challenges we face.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 135,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit www.ey.com.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. This news release has been issued by EYGM Limited, a member of the global Ernst & Young organization that also does not provide any services to clients.
Contacts Ernst & Young Global PRFerne Hudson, +44 20 7980 0848ferne.hudson@uk.ey.com


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