Thirteen Canadian companies, including seven from ÎÚÑ»´«Ã½, have made the Cleantech Group's 2024 global Cleantech 100 list.
Four of the ÎÚÑ»´«Ã½ companies making this year’s list also made the 2023 list. Of the 100 companies on this year’s list, seven are ÎÚÑ»´«Ã½ companies, in the following categories:
- (process technology);
- (industrial materials);
- (natural resources);
- (battery reuse);
- (water technology);
- (industrial materials);
- (carbon capture)
Ionomr, Moment Energy, Pani and Svante also made last year’s list.
This year’s list gives special mention to MineSense, one of only three companies included in this year’s Cleantech 100 hall of fame.
One of the notable exits by “graduates” of previous lists that is noted in this year’s list is ÎÚÑ»´«Ã½’s Carbon Engineering, which made the global cleantech list three years in a row, from 2020 to 2022. In August, Carbon Engineering was acquired by Occidental (NYSE:OXY) for US$1.1 billion.
The Cleantech Group notes a sharp drop off in venture capital funding in the clean-tech space in 2023.
“Much has been made this year of the venture funding drop-offs across cleantech, and technology at large. As expected, 2021 and H1 2022 remain unmatched in the volume of venture dollars directed at cleantech innovators. Despite this, we come out of 2023 showing that even without the outlier years of 2021 and 2022, the general upward trend continues.”
The list points to trends in clean-tech to watch for, hydrogen technology being one.
“We predict that 2024 will be the first year that we get a glimpse into the ‘next normal’ – the coming era of seeing today’s innovation succeed or fail in the mainstream: Who can most economically produce electrolyzer units at gigafactory scale? Which production pathways will get green steel into infrastructure and auto bodies first? In a world where range anxiety calms and EV batteries become more commoditized, who can win the coming cost war?”
Other Canadian companies making this year's list are:
- Carbon Upcycling
- Cyclic Materials
- Eavor Technologies
- e-Zinc
- Genecis
- Summit Nanotech
