Ones to watch: Cleantech & Hydrogen
Solutions Driven by Green Ideas
Globally, clean technology (cleantech) is valued in the trillions of dollars. The world’s appetite for clean energy systems is being driven by ambitious goals to meet net-zero emissions by 2050. Canada is well-positioned to become a global leader in cleantech. Our cleantech R&D ecosystem, combined with our highly skilled and educated workforce, is drawing global companies looking to expand and develop green solutions.
Industry Spotlight
Canada’s clean technology industry includes technological processes, products or services that improve performance or lower costs, reduce environmental impacts, and use natural resources efficiently and responsibly.
Canada’s cleantech ecosystem continues to strengthen its presence on the global stage. We are producing high-impact companies and commercializing climate and environmental solutions that the world needs and wants as we march to net zero.
#2 on Global Cleantech Innovation Index
11 Canadian businesses among top 100 global companies in sustainable innovation
1,000+ cleantech companies across Canada
Source: D&B Hoovers, fDiMarkets and PitchBook
Retrieved May 16, 2022
341,000+ jobs in cleantech Source: Statistics Canada
7 cleantech investments in 2021
Source: fDi Markets and PitchBook
Retrieved: May 24, 2022
$206.2 million in cleantech investments announced in 2021
Source: fDi Markets and PitchBook
Retrieved: May 24, 2022
WHO’S WHO: 2021 cleantech investments in Canada
Working with partners across the country, Invest in Canada helps facilitate cleantech investments from countries around the world. Here are some of the global companies that invested in Canada in 2021.
Air Products and Chemicals
Type of investment: Low-carbon hydrogen project
Air Liquide
Type of investment: World’s largest
proton exchange membrane electrolyzer
Copenhagen Infrastructure Partners
Type of investment: Solar energy project
Dow Chemicals
Type of investment: First net-zero carbon emissions ethylene and derivatives complex
Hexagon Purus
Type of investment: Manufacturing facility for hydrogen storage systems
Lockheed Martin
Type of investment: Solar-plus storage project
Moog Focal
Type of investment: Expansion of production facilities for specialized slip ring line for wind turbines
Siemens Energy
Type of investment: Conversion project for waste heat from gas turbines
What’s Happening: Hydrogen
Global investors look to Canada as the place to invest in hydrogen thanks to key players and associations across the country that support innovation:
- The Edmonton Region Hydrogen HUB, Canada’s first, will help position us as a global industry leader
- Eastern Canada is home to 25 research institutions, 16 storage facilities and 23 hydrogen utilization companies
- Quebec’s Hydrogen Research Institute focuses on sustainable technologies for producing and storing hydrogen
- As part of Canada’s first provincial hydrogen strategy, the B.C. Centre for Innovation and Clean Energy helps develop hydrogen hubs and accelerate the adoption of hydrogen production and technologies
- Ontario’s Canadian Nuclear Laboratories partners with businesses, schools and global organizations to advance hydrogen production and storage