Burnaby-based General Fusion aims to develop the first commercially viable fusion power plant
Local businesses account for more than half of the Canadian names on the prestigious list
On a worldwide scale, B.C. keeps boosting its cleantech cred. Oh, and all hail Burnaby.
Seven local companies made the 2022 edition of the Global Cleantech 100. The 13th annual list, published by San Francisco–based research, consulting and events firm Cleantech Group, honours companies in several categories.
The B.C. representatives, chosen from almost 11,000 nominations, account for more than half of the 13 Canadian names in this year’s roundup. Here they are by category:
Carbon Engineering, Squamish (Resources and Environment)
Ekona Power, Burnaby (Energy and Power)
General Fusion, Burnaby (Energy and Power)
Ionomr Innovations, Vancouver (Energy and Power)
MineSense Technologies, Vancouver (Resources and Environment)
Pani Energy, Victoria (Resources and Environment)
Svante, Burnaby (Resources and Environment)
This province’s 2022 showing is an improvement over last year, which saw four B.C. names on the Cleantech 100.
The businesses on the latest list raised a combined US$6.9 billion in 2021, with an average equity round of US$89 million. North America is home to 63 of the companies.
The oldest name: General Fusion, launched in 2002, whose mission is to create the first commercially viable fusion power plant.
Newcomer Pani was founded in 2017 by Devesh Bharadwaj, a 2020 winner of our 30 Under 30 competition. The company’s cloud-based analytics platform helps water treatment plants to optimize their performance.