Canada Ranks 2nd on Global Cleantech Innovation Index 2023
- Canada has ranked 2nd on the Global Cleantech Innovation Index 2023, behind the U.S. but in front of Germany, Israel, France and the Netherlands
- 12 out of 100 companies listed on the GCII 2023 were Canadian, the second highest amount for any country
- Canada is a global leader in clean technology and innovation – we should celebrate our continued leadership on the world stage!
Canada has ranked second in the world on the 2023 Global Cleantech Innovation Index (GCII). Way to go Canada!
Accounting for just 0.5% of the world's population and 12% of companies (or 12 out of 100) listed by Cleantech Group this year, it couldn't be any clearer that our nation is a global leader in clean technology and innovation!
Here are the various countries that made it into the GCII 2023, ranked by number of companies on the top 100 list.
GCII 2023 Rankings:
1. USA – 53
2. Canada – 12
3. Germany – 8
4. Israel – 3
5. France – 2
6. Netherlands – 2
7. Finland – 2
8. Sweden – 2
9. Denmark – 1
10. Australia – 1
11. India – 1
12. Norway – 1
13. Spain – 1
14. Switzerland – 1
15. Belgium – 1
16. Greece – 1
17. China – 1
Note: country rankings by number of companies named to list, rankings not reflected in GCII, ranks 5 through 8 are technically tied for 5th, ranks 9 through 17 are technically tied for 6th
How the GCII Works
Which are the world's top 100 private companies likely to significantly impact the cleantech market over the next decade? Cleantech Group has answered this question annually since the GCII's inaugural year (2012) using the following methodology:
Phase 1 - Nominating companies from five sources, including:
• An expert panel of 81 investor and multi-national corporation representatives
• More than 70 third-party awards where expert assessment was applied
• The global ecosystem, with nominations online at i3connect.com
• Cleantech Group's i3 platform which tracks investments and partnership history of thousands of companies around the world
• Cleantech Group's sector analysts
Phase 2 - Once nominations are made, Cleantech Group rewards scores to these companies using a system where more validations equate to more points. A shortlist of the best performers that have attained the most points is then voted on by the GCII's 81 expert panelists based on their knowledge of each company's innovation, market, and ability to execute.
Phase 3 – Data from phase 1 and 2 are pooled and adjusted for geographic and other biases. Companies that retain the highest points at the end of this final phase make it onto Cleantech Group's list of 100.
For the GCII's 2023 version, there were 15,753 nominations from more than 93 countries. Of these, a total of 330 "semi-finalists" were considered for the top 100.
Canadian Companies on the GCII 2023:
Congratulations to the 12 Canadian companies who made it through the GCII's rigorous assessment process and onto this prestigious list! This is truly remarkable, and you've earned it!
Eavor – Closed-loop, conduction-only geothermal energy solutions
EKONA – A production process for industrial-scale hydrogen, clean power and pure CO2
E Zinc – Zinc reactor technology which stores electricity in zinc metal for large-scale energy storage
Hydrostor – An underwater adiabatic compressed air energy storage system
Moment Energy – Recycler of retired electric vehicle batteries into clean, affordable energy storage
GaN Systems – Gallium nitride (GaN) semiconductors for more efficient electronics
Ionomr Innovations – Durable anion-exchange membrane for fuel cells, fuel production and metal recovery
Mangrove Lithium – A modular platform for the cost-effective production of battery-grade lithium hydroxide
Carbon Upcycling – Technology for sequestering CO2 gas into a solid form within concretes, plastics and coatings
GHGSAT – Satellite-based remote sensing technology for detection of greenhouse gas emissions from industrial facilities
Pani Energy – AI-powered water treatment operations and management software
Svante – Energy-efficient technology for capturing carbon dioxide from industrial sources
Canada's Global Cleantech Leadership
Canada's global leadership in clean technology and innovation is exemplified by the fact that 12 Canadian companies have been chosen for the Global Cleantech Innovation Index in 2023 - the second-highest amount for any country named on the list. Note that some of these Canadian companies have made the GCII multiple times, demonstrating an unwavering commitment to advancing clean technologies while making the world more environmentally friendly.
Canadians should celebrate the ingenuity of our home-grown companies hard at work to make today's environment cleaner through the development of new technologies of tomorrow. We must support any and all Canadian companies pushing to take climate action through continued environmental leadership while adhering to the world-class regulatory regimes our country is known for.
Canada's clean technology and innovation leadership doesn't stop at the companies listed on the GCII 2021. Made-in-Canada natural resource companies also display global leadership on emission intensity reductions and other initiatives that have dramatically reduced their respective environmental footprints over the past several years.
For example, Canada's oil and gas sector is the country's largest spender on clean technology and environmental protections! Learn more:
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It's clear that Canada is a global leader in developing and deploying cleantech and new innovation, and we deserve recognition for such. We are also global leaders on environmental, social, and governance (ESG) metrics and should be a destination of choice for new investment into the world's natural resource and cleantech sectors.
We invite you to join us online to learn more about clean technology and innovation in Canada on Twitter, Instagram and Facebook today! We hope to see you there!
Did you know #Canada was the largest exporter of electricity in 2020?— Canada Action (@CanadaAction) February 10, 2023
We’re also a leader in power generation from non-emitting sources, at 83% of our national grid!
Canada has a resource record we can all be proud of. #TheMoreYouKnowCanada pic.twitter.com/pGI7lqs5cC
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