Cleantech is on the Canadian agenda in a big way. A new report called 2017 Cleantech Directions says, “Canada’s cleantech sector is at a critical phase in its development.”
The survey found that nearly half of the cleantech firms surveyed exported services abroad and an overwhelming 89 percent of companies named America as their top export market. With clean technology companies dismissed by Trump, this means Canada must target other markets like Asia, Europe and South America.
The cleantech industry offers innovative solutions to the environmental situation. Here, the Investing News Network profiles six cleantech companies with market caps of less than $25 million. These companies, while small, have the potential to positively impact climate change. The following companies are coming up with viable products to export to these alternative continental markets that could fill the void left by American demand dwindling.
Market cap: $12.04 million
Biorem designs, manufactures and distributes air emissions control systems. The company is headquartered in Guelph, Ontario. Incorporated in 1991, they are celebrating 25 years as leaders in the industry. They recently announced several new orders, totalling $2.1 million, for air emission reduction projects in Africa.
Enpar Technologies (TSXV:ENP)
Market cap: $11.02 million
Enpar is likewise based in Guelph and its water treatment technologies are utilized in the Middle East. It is also marketing its technologies in Asia, Europe and South America.
Natcore Technology (TSXV:NXT)
Market cap: $22.63 million
Natcore Technology is a development-stage company engaged in commercializing technology that allows for the controlled deposition of silicon dioxide and mixed silicon oxides from an aqueous solution. Additionally, it develops and owns technology for the manufacturing of solar cells.
STT Enviro (TSXV:STT)
Market cap: $6.88 million
STT Enviro designs, engineers, integrates and installs engineered systems used to clean up water and control air emissions. The company operates two umbrellas: STT Enviro Corp. Systems & Solutions and STT Enviro Corp. Tanks & Industrial.
UGE International (TSXV:UGE)
Market cap: $19.98 million
UGE is a leader in distributed renewable energy solutions. They deliver instant savings to businesses through cleaner electricity. A recent case study is a project in Brazil, where they provided a solution to a telecom site that suffered from regular grid outages. They recently announced the appointment of Joyce Ferris to the Board of Directors.
Xebec Adsorption (TSX:XBC)
Market cap: $5.31 million
Xebec is a provider of gas purification and filtration solutions to the renewable energy sector. The head office is in Quebec. It has a sales and distribution network in Asia.
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This is an updated version of an article first published on Cleantech Investing News on November 18, 2015.
Securities Disclosure: I, Emma Harwood, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Natcore Technology is a client of the Investing News Network. This article is not paid-for content.