seeing green
New global report names top cleantech startups to keep an eye on
Nine Greentown Labs members were recognized on a global list honoring cleantech companies.
Houston-based Fervo Energy was named to Cleantech Group’s Global Cleantech 100 report. Cleantech Group is a research-driven company that aids the public sector, private sector, investors, and also identifies, assesses, and engages with the innovative solutions around climate challenges.
Fervo, a geothermal energy company that specializes in a renewable energy technology that uses hot water to produce electricity, debuted in 2022 on the list, and was honored in the “Energy & Power” category for the second straight year.
The other Greentown Labs, which is dual located in Houston and Somerville, Massachusetts, companies recognized on the list include:
- Amogy, a New York-based novel carbon-free energy system using ammonia as a renewable fuel
- Carbon Upcycling Technologies, a Canadian waste and carbon utilization company
- Dandelion Energy, New York-based company offering ground source heat pumps for most homes
- Energy Dome, a Milan-based company addressing the problem of long-duration energy storage
- e-Zinc, a Canadian company with a breakthrough electrochemical technology for energy storage
- Nth Cycle, a Massachusetts company with sustainable metal refining
- Raptor Maps, a Massachusetts company with a software platform for solar assets' performance data management
- Sublime Systems, a Massachusetts companydeveloping a breakthrough process for low-carbon cement
- WeaveGrid, a California company working with utilities, automakers, EVSEs, and EV owners to enable and accelerate the electrification of transportation
The number of nominations from the public, a panel, i3, awards and Cleantech Group totaled 25,435 from over 65 countries, which is a 61% increase from the 2023 nomination process. Winners were chosen from a short list of 330 companies by a panel of over 80 industry experts.
While not on the list, Beaumont-based Fortress Energy was mentioned for its electrolyzer supply agreement with Cleantech Group 100 winner Electric Hydrogen.
The Cleantech Group 100 was started 15 years ago.
“In 15 more years, we will be at 2039—by which time, a mere decade out from the ‘net-zero’ target of 2050,” Cleantech Group CEO Richard Youngman says in the report. “I would expect the composition of our annual list to have markedly changed again, and the leading upcoming private companies of that time to reflect such.”