Twelve Canadian companies have been selected for the 2019 Global Cleantech 100 list, an annual guide to the world’s top 100 companies in green technology innovation.
The Global Cleantech 100, which looks at the most innovative companies in cleantech and is marking its 10th year of publication, is curated by Cleantech Group, an organization dedicated to helping businesses make strategic decisions in the cleantech industry. All 12 companies were credited for their influence in solving the future’s sustainable technology challenges, and six of the listed companies are supported by the MaRS Discovery District.
“Canadian companies are making incredible progress around the world, and they’re positioning us as a leading supplier of game-changing products and solutions for our most pressing problems,” said managing director of MaRS Cleantech, Jonathan Dogterom. “We’re at an inflection point for cleantech investment in Canada, and our technologies are being adopted around the world to reduce our environmental footprint.”
Here are the Canadian winners:
Axine Water Technologies (Vancouver, BC)
CarbonCure Technologies (Dartmouth, NS)
CoolEdge Lighting (Richmond, BC)
Ecobee (Toronto, ON)
Enbala Power Networks (Toronto, ON)
GaN Systems (Ottawa, ON)
Inventys (Vancouver, BC)
Metamaterial Technologies (Darthmouth, NS)
Minesense Technologies (Vancouver, BC)
Opus One Solutions (Toronto, ON)
Semios (Vancouver, BC)
Terramera (Vancouver, BC)
The Cleantech Group puts the list together by looking at its research data, with weighted qualitative judgments of hundreds of nominations, and specific input from an 87-person 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.
“Canada has been gaining worldwide recognition for innovation at both the corporate and academic level,” said George Palikaras, founder and CEO of Metamaterial Technologies, a smart materials and photonics company. “Introducing sustainability policies and attracting new private and public capital all make Canada an ideal place to create [a] global impact.”
“Canada already punches well above its weight in clean technologies.”
Last year, 13 Canadian companies made the top 100 list, which is Canada’s current record. EnerTech Capital, a VC firm that invests in mid-stage energy and clean energy companies, was also named Financial Investor of the Year as part of the 2015 Global Cleantech 100 program. VC investment in the cleantech sector continues to be strong, the company said in a statement. In the first half of 2018, $365 million was invested in Canadian sustainable technology companies across 29 deals, which is twice the amount invested during the same period in 2017.
“Consumer pressure will see corporates take more aggressive steps to rein in their carbon emissions over the next 12 months,” said Yung Wu, CEO of MaRS. “Clean technologies will continue to increase – and Canada is in an excellent position to supply them. Canada already punches well above its weight in clean technologies.”
MaRS’ Cleantech Venture Services team works with high-growth ventures that are addressing a range of complex global challenges, from improving energy storage, generation and distribution to defining the future of transportation.
“Business leaders are proving that positive climate action and profitable business endeavours go hand-in-hand,” said Robert Niven, founder and CEO of concerete tech company CarbonCure Technologies.
Image via Pixabay.