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Four innovative Ontario companies have made the Cleantech Group (CTG)'s Global Cleantech 100, a list of the most innovative and promising companies, positioned to solve tomorrow's clean technology challenges.
Nearly 10,000 companies from 77 countries were nominated for the esteemed list this year. Nominations were weighted and scored to create a shortlist of 325 companies, which were reviewed by CTG's expert panel, producing the final list of 100 companies.
The smart thermostat company, ecobee of Toronto, has experienced more than 100% year over year growth since its founding in 2007. The ecobee3 smarter Wi-Fi thermostat was also the first to be directly compatible with Amazon Echo through the Alexa Smart Home Skill API, and delivers an average of 23% savings on household heating and cooling bills, according to the company. This is ecobee's first time on the GCT100.
Related: Toronto named North America's most sustainable city
Semiconductors have traditionally been made using silicon-based materials, but according to GCT100's 2017 report, GaN Systems is one of three companies on this year's list that are leveraging advanced materials to challenge the limits of switching speed, temperature, voltage and current. They're doing this by developing high efficiency and high power density transistors using Gallium Nitride (GaN). GaN Systems is an Ottawa-based company and was founded in 2008.
Brantford-based GreenMantra is at the forefront of providing an environmentally positive alternative source for synthetic waxes, cutting out the need to rely on fossil fuels as a raw material. Founded in 2010, the company has developed a patented catalyst technology that converts plastic waste into chemical waxes that have multiple industrial applications.
Enbala of Toronto is a smart energy company, harnessing the power of distributed energy to keep the renewable-friendly grid in balance by aggregating, controlling, optimizing and dispatching distributed energy in real time. Enbala's expansion of its offering into demand management and integration was a wise strategic move for the company, helping it return for its fourth year on the GCT100 list. Enbala also received the "Automation of Everything Award" sponsored by ABB, as the company voted to have the greatest impact on industrial automation and energy efficiency.
In addition to the four Ontario-based companies to make the Global Cleantech 100 list, the London-based Comet Biorefining was named a "company to watch."
Discover how Ontario's innovation ecosystem is helping global cleantech companies find success
March 20, 2017
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All figures are in Canadian dollars unless otherwise noted. Information is accurate at the time of publication.