At a time when climate concerns are at an all-time high in the province, a new list of Canada’s most investable cleantech companies reveals that 8 of them call Calgary home.
The Foresight 50 recognizes ventures from across Canada and a variety of sectors including green housing, emissions reduction, and food security.
They were selected by an independent panel of judges who chose the 50 companies based on criteria including investability, potential environmental and employment impact, and probability of success.
“Canada possesses the innovation, commercialization, and business talent to lead the world to net zero. If we are going to harness the power of our homegrown climate innovations to their full potential, we need to attract the capital required to support ventures through their scale up and growth journeys,” said Jeanette Jackson, CEO of Foresight Canada. “The Foresight 50 is one initiative that helps do just that.”
The 8 Calgary-based companies on the Foresight 50 are:
- Ayrton Energy‘s technology stores hydrogen in organic liquid for convenient handling and transport. This innovation enables hydrogen to serve as a backup power source, replacing diesel generators and lithium-ion batteries for grid sustainability.
- Cvictus‘ patented technology extracts hydrogen-rich syngas from deep minerals, offering low-cost, low-carbon energy solutions. Their Biotech division uses this to produce sustainable protein for animal feed, benefiting the environment.
- Earthware‘s eco-friendly initiative reduces takeout container waste, supporting the restaurant industry. Users order from participating restaurants, opt for Earthware’s reusable containers, scan a QR code for collection, and adhere to health guidelines for sanitization and redistribution.
- Innervision Wellbore Technologies works to help clean up oil and gas wells through real-time, high-resolution 3D imaging that monitors wellbore issues such as steel and cement cracks, perforations, and corrosion.
- Kanin Energy enables large industrial users to monetize their waste heat by providing end-to-end project development and financing to generate clean power. Their partners can reduce their carbon impact and don’t have to worry about efficiency projects that are “too small” for their core business.
- Litus pioneers nanotechnology solutions for global energy challenges, with a patented method to extract high-purity lithium from water sources. This innovation offers superior efficiency and environmental benefits.
- Recover is an environmental tech firm with a patented process for cleaning oil-based drilling waste. Their innovation recovers base oil and reduces carbon emissions, promoting sustainability in the energy industry.
- SolarSteam is delivering renewable heat to industrial and institutional clients, helping to reduce their costs and emissions.
Check out the complete Foresight 50 pitchbook here.