- Dec 17, 2020 4:09 pm GMT
The Cleantech group published its annual Global Cleantech 100 report this week – a list of 100 private companies delivering sustainable innovation. Over 10,000 companies from around the world were nominated for the 2021 edition. The final report features 39 companies in the Energy & Power sector.
The primary focus of the companies in this sector is enabling 100% renewables. Smart Wires, a new addition to the List, develops innovative grid optimization solutions that help integrate more renewables onto the grid.
Decarbonizing household energy has been an increasingly popular trend over the past decade. Arcadia disrupted the North American market with their user-friendly service that enables end consumers to easily choose where their electricity comes from.
The commercial and industrial sectors are responsible for two-thirds of global electricity consumption. Turntide Technologies is reinventing the wheel, figuratively, by redesigning the conventional analogue motors that consume 47% of the world’s electricity.
The Energy & Power was hit pretty hard by the COVID-19 pandemic, and venture capital investments were down 25% from the previous year. Nevertheless, the report is optimistic due to the massive climate commitments made this year: publicly by European countries and privately by companies like Amazon.
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