A Philadelphia CleanTech Start-Up Story: Interview with Social Entrepreneur, Elinor Haider, CEO of NovaThermal Energy
Abstract
IntroductionWhile creatively addressing the environmental challenge of global warming, NovaThermal Energy is a sound, profitable business strategy with numerous exit options. Working out of GoodCompany Ventures’ incubator site at 1650 Arch Street in Philadelphia, Elinor Haider has been leading an emerging company that has won the Global CleanTech Cluster Association’s Top 30 Later Stage Award, Artemis Top 50, CTSI Top 15 Utility Solution, and PACT Cleantech Company to Watch. Under Elinor’s guidance, NovaThermal Energy (NTE) has secured over $1.3 million in grant funding. This fall, NTE will embark on a $1 million Series A enterprise capital raise. In mid-August, I sat down with Elinor to learn a bit more about this exciting, home-grown Philadelphia social entrepreneur. At the time of this Journal’s publication, Elinor will have transitioned to a position with Veolia Energy, but remains an NTE shareholder. Chief Technology Officer Jimmy Wang will serve as interim CEO while the search is on to replace Elinor. I will enjoy following Elinor as she continues making a difference in the energy efficiency space, and watching NTE as it enters its next chapter.
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Copyright (c) 2012 Susan Stavish (Author)
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