made the cut
Houston cleantech co. secures Canadian recognition as a top investible startup
A Canadian organization has called out the top 50 most investible energy transition companies in the country, and one Canada-founded, Houston-based startup made the cut.
The 2023 Foresight 50, Foresight Canada's 50 Most Investible Cleantech Ventures, sought to highlight the top companies moving the needle toward Net Zero. Kanin Energy — founded by CEO Janice Tran in Calgary in 2020 but relocated to Houston by way of Greentown Labs — developed a waste-heat-to-power concept for generating clean energy.
“The ventures included in this year’s Foresight 50 are nothing short of awe-inspiring. These game-changing innovators are scaling the critical climate solutions we need to solve the world’s most urgent climate challenges and accelerate the transition to net zero. Congratulations and thank you for all you are doing for Canadian cleantech," says Jeanette Jackson, CEO of Foresight Canada, in a news release.
According to the organization, 41 cleantech investors evaluated detailed profiles the companies submitted. They looked at investibility, potential environmental and employment impact, leadership and team, and probability of success, according to Foresight Canada.
"Canada has no shortage of inspiring innovators with the potential to solve global climate challenges. But these companies struggle to attract the long-term capital and recognition needed to make their businesses competitive on a global scale," Kanin Energy's team writes in its news release.
A year ago, the Kanin team visited Houston to see if the city could be a fit for an office. In July of 2022, Tran opened Kanin Energy offices in Greentown Labs.
“We’re hiring and building our team office out of Greentown. It’s been really great for us,” she previously told EnergyCapital.
Earlier this month, Kanin Energy was named a finalist in the 2023 Houston Innovation Awards.