Carbon Engineering, Cabricrete among Canadian startups to emerge on the Global Cleantech 100

Carbon Engineering and Cabricrete are two of the 12 Canadian companies named on the Global Cleantech 100 list for 2020, representing the first time both startups have emerged on the list.

This year, two new Canadian companies emerged on the list: Carbon Engineering and Cabricrete.

Now in its 11th year, The Global Cleantech 100 looks at the most innovative companies in cleantech globally. The list is curated by Cleantech Group, a San Francisco-based organization that supports the development and marketability of clean technologies. This year, 13,900 companies from 93 countries were considered for the list.

“The Canadian companies on the 2020 Global Cleantech list are taking big swings at climate change by reducing emissions and reversing the harm we’ve already done,” said Jon Dogterom, senior vice president of venture services at MaRS Discovery District. “In particular, this year’s honourees include a strong showing of carbon technologies, innovative firms that are not just removing CO2 from our atmosphere, but using it to make something useful in the process.”

Canadian companies on this year’s list include:

Axine Water Technologies (Vancouver, BC)
Carbicrete (Montreal, QC)
Carbon Engineering (Squamish, BC)
CarbonCure Technologies (Dartmouth, NS)
Ecobee (Toronto, ON)
Enbala Power Networks (North Vancouver, BC)
GaN Systems (Ottawa, ON)
Inventys (now Svante) (Burnaby, BC)
Li-Cycle (Mississauga, ON)
Minesense Technologies (Vancouver, BC)
Opus One Solutions (Toronto, ON)
Semios (Vancouver, BC)

Twelve Canadian companies were also made the 2019 list. This year, two new Canadian companies emerged on the list: BC-based Carbon Engineering, which raised a $90 million venture round and $25 million from the government in 2019 alone. Carbon Engineering has produced two clean technologies, one to pull CO₂ from the atmosphere, and another to convert it to more environmentally sustainable fuel.

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Carbicrete is also a new addition to the Global Cleantech 100. The company develops low-cost building solutions intended to contribute to the reduction of greenhouse gas emissions. Carbicrete received a $3 million investment in December from the environmental division of Harsco Corporation.

The Cleantech Group sorts the list by looking at research data with weighted qualitative judgments of hundreds of nominations, and specific input from a panel of global experts. To qualify for the list companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.

Terramerra and CoolEdge Lighting, two companies on last year’s edition, were no longer on the 2020 list. Terramera still experienced a year of growth, raising a $59.5 million Series B and winning the Nutrien-Radicle Challenge in Saskatoon last year.

“It feels right that our first list of the future-defining 2020s should see a continued strengthening in the representation of truly impactful and necessary innovations to transform our diets, to enable a more renewable-heavy energy system, and to capture and utilize the vast levels of CO₂ we have been freely emitting for decades,” said Richard Youngman, CEO of the Cleantech Group.

“Also included in our 2020 list are some big and critical shots at solving global problems, from proving out fusion and next-gen batteries to zero carbon aviation,” he added.

Image source Unsplash.

Isabelle Kirkwood

Isabelle Kirkwood

Writer, globetrotter, drone pilot & David Attenborough enthusiast