Over the past few years, a lot of companies in Canada have been stepping up to contribute their resources in making the country more environmentally friendly—and now a few are being named for their hard work.
Export Development Canada (EDC) has released their Cleantech Export Stars: Mississauga’s Hydrogenics, Vancouver’s Ostara Nutrient Recovery technologies, and Blainville’s Xebec Adsorption. These are the top three companies that have bridged the gap between domestic and international success in the clean technology industry.
“The naming of our first ever Cleantech Export Stars is a great way to showcase with the amazing potential that Canadian cleantech companies can realize by thinking globally from the get go,” said Carl Burlock, EDC’s senior VP of financing. “EDC is the largest provider of financial solutions for cleantech companies looking to export internationally and we’re excited to be a part of the innovation boom happening in Canada in this sector.”
The announcement comes as part of EDC’s Cleantech Export Week. The financial Crown corporation provides financing, insurance and more to help Canadian companies sell and invest abroad. EDC announced that they provided more than $1 billion in the cleantech sector during 2016 and expect that figure to reach over $7 billion before 2020.
Since 2012, EDC has helped more than 170 companies export their technology to 114 countries.
Hydrogenics designs and manufactures both industrial and commercial hydrogen generation solutions. The company supplies fuel systems for trucks operated by Norway’s largest grocery wholesaler and was recently selected to upgrade the largest renewable hydrogen fueling facility in the U.S.
Ostara Nutrient Recovery Technologies harvests phosphorus from the sewage treatment process thus protecting water sources around the world. The company has 15 installations around the globe.
Xebec Adsorption is a provider of gas generation purification and filtration solutions. One of the company’s latest innovations is a low-cost method of capturing 99 per cent digester and landfill gas to produce renewable natural gas.
The global cleantech market is worth more than $1 trillion, and in low-carbon and energy-efficient technologies alone, trade is expected to grow past $2.5 trillion by 2020. The market is exploding and the need for clean technology solutions is only growing, and EDC’s accolades, along with initiatives like the Cleantech 100, will help put Canadian companies on the global list.