Investing in climatech companies is an excellent way to make a financial return while supporting an environmentally friendly industry. Climatech companies are focused on creating technology and infrastructure to reduce carbon emissions and mitigate climate change. Here are the top 10 climatech companies to watch in 2023!
The importance of climatech companies and which of them to watch in 2023
With the continuous degradation of our environment, the need to develop technology to save it has never been more paramount. In this context, climatech companies have been at the forefront of developing innovative technologies to tackle climate change.
These companies leverage science, engineering and entrepreneurship to provide cost-effective solutions for reducing greenhouse gas emissions, conserving energy, and improving sustainability.
The following are the top 10 climatech companies to watch in 2023!
1. CarbonCure Technologies
CarbonCure Technologies has developed a technology to capture carbon dioxide (CO2) from industrial sources and use it to create concrete.
As a result, concrete can be made using less cement and the release of significantly less CO2 into the atmosphere. The technology offers significant market potential, with concrete being the most widely traded commodity after oil.
CarbonCure has received over $35 million in investment, including funding from major investors like Microsoft founder Bill Gates’ Breakthrough Energy Ventures.
2. Carbon Clean Solutions
Carbon Clean Solutions is a pioneer in carbon capture and storage technology. The company has developed a method to capture CO2 from industrial processes and transform it into useful products, such as baking soda and fertilizers.
The technology provides significant market potential, as captured CO2 can be used in various industries and products. Carbon Clean Solutions has received over $30 million in funding, including investment from the International Finance Corporation and WAVE Equity Partners.
3. Carbon Engineering
Carbon Engineering is focused on developing direct air capture technology, which captures CO2 directly from the atmosphere. The technology can be used to reduce emissions from difficult-to-decarbonize sectors, such as aviation and shipping. The company has received over $100 million in funding, including investment from Bill Gates and Chevron Technology Ventures.
4. Pivot Bio
Pivot Bio is developing microbial nitrogen technology, which eliminates the use of synthetic fertilizers currently used in agriculture. The technology is expected to reduce emissions associated with the production, transportation, and application of synthetic fertilizers. The company has raised over $100 million in funding, including investment from Breakthrough Energy Ventures, the investment fund led by Bill Gates.
5. Energy Vault
Energy Vault is developing an energy storage system that uses gravity and a stack of concrete blocks. The system can store renewable energy and release it when needed without CO2 emissions. The company has attracted significant attention, with investment from Softbank, Saudi Aramco, and Bill Gates.
6. Heliogen
Heliogen is developing concentrated solar power technology that uses AI and machine learning to generate temperatures over 1000°C. The technology can power high-temperature industrial processes and eliminate emissions associated with burning fossil fuels. The company has raised over $100 million in funding, including investment from Bill Gates and Prime Movers Lab.
7. Covestro
Covestro is a global leader in creating materials from waste CO2. The company uses CO2 to create high-performance plastics used in various industries, including automotive and construction. The company has received investment from major investors like Breakthrough Energy Ventures.
8. Carbon Neutral Energy Solutions
Carbon Neutral Energy Solutions is developing technology to turn biomass waste into hydrogen fuel. The technology can reduce emissions associated with biomass waste and fossil fuel use. The company has raised over $11 million in funding, including investment from the Canadian government’s Sustainable Development Technology Canada program.
9. Fusion Energy Systems
Fusion Energy Systems is developing advanced nuclear fusion technology that uses nuclear fusion to generate energy. The technology is expected to be a clean and limitless source of energy, with no greenhouse gas emissions. The company has attracted significant investment, including funding from Doosan Heavy Industries and Construction and the South Korean government.
10. Zero Mass Water
Zero Mass Water has developed technology to create pure drinking water from sunlight and air. The technology can provide clean and sustainable drinking water without the need for plastic bottles. The company has raised over $65 million in funding, including investment from Breakthrough Energy Ventures and Jeff Skoll’s Capricorn Investment Group.
The Climatech industry has the potential to turn the tide around in reducing greenhouse gas emissions with its innovative solutions. In that context, the companies mentioned above have made significant strides in developing technologies that could positively impact the environment and its inhabitants.
Invest in climatech companies can contribute to a more sustainable future
In conclusion, the top 10 climatech companies to watch in 2023 are focused on creating innovative solutions to mitigate climate change.
These companies offer significant market potential and investment opportunities for those interested in supporting environmentally friendly technologies and infrastructure. From carbon capture to renewable energy storage, investing in climatech is a smart financial decision that also supports a crucial cause.
By investing in these companies and others that can bring promising technologies, like the efficiente use of Enhanced Rock Weathering (ERW), investors can contribute to the transition towards a more sustainable future.
