Export Development Canada recognizes three of the nation's top cleantech companies bringing Canadian innovation to the world Français
OTTAWA, Nov. 29, 2017 /CNW/ - As part of Export Development Canada's (EDC) Cleantech Export Week, EDC is proud to announce its first Cleantech Export Stars, the top three Canadian companies that have bridged the gap between domestic and international success in the cleantech 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, Senior Vice President, Financing and International Growth Capital, EDC. "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."
EDC announced yesterday it expected to provide more than $7 billion in financial solutions for Canadian companies through 2020 during an Economic Club of Canada breakfast in Ottawa, which was attended by a who's who of the Canada's cleantech community.
The Cleantech Export Stars are participating in events on the state of Canadian cleantech against the backdrop of rising global demand during EDC's Cleantech Export Week.
2017 Cleantech Export Stars:
Hydrogenics
City: Mississauga, ON
CEO: Daryl Wilson
Hydrogenics is helping to accelerate a global "power shift" for a cleaner energy future. A worldwide leader in designing, manufacturing, building and installing industrial and commercial hydrogen generation, Hydrogenics is supplying fuel systems for trucks owned and operated by Norway's largest grocery wholesaler, and was chosen to upgrade the largest renewable hydrogen fueling facility in the United States.
Ostara Nutrient Recovery Technologies Inc.
City: Vancouver, BC
CEO: Dan Parmar
Ostara has carved a niche out of harvesting phosphorus from the sewage treatment process to make fertilizer, helping to protect precious water resources around the world. With 15 commercial installations worldwide, this truly Canadian technology is helping communities keep their water clean, and create a byproduct they can sell.
Xebec Adsorption Inc.
City: Blainville, QC
CEO: Kurt Sorschak
Xebec is a prime example of a great Canadian company with a global footprint providing carbon-reducing technologies to customers around the world. The company is a global provider of gas generation, purification, and filtration solutions. Among other things, the company has developed a state-of-the-art low-cost solution that captures 99% of digester and landfill gas to produce Renewable Natural Gas which can be used as a carbon neutral, cellulosic bio-fuel.
Global cleantech market
Estimates place the value of the global cleantech market at more than US$1 trillion. In low-carbon, energy-efficient technologies alone, trade is expected to almost triple to over US$2.5 trillion by 2020.
Since 2012, EDC has facilitated more than $3.4 billion worth of cleantech export business and helped 170 companies export to 114 countries.
Supporting the global growth potential of Canadian cleantech companies is one of EDC's priorities. EDC has a dedicated team to focus on understanding the industry's needs and delivering the right solutions to help Canadian cleantech companies start up and grow their business internationally.
About Cleantech Week
EDC Cleantech Export Week (CEW) is a forum created by EDC to create a national conversation and to call attention to the enormous export potential of Canadian developed and manufactured clean technologies and services.
About EDC
EDC helps Canadian companies go, grow, and succeed in their international business. As a financial Crown corporation, EDC provides financing, insurance, bonding, trade knowledge, and matchmaking connections to help Canadian companies sell and invest abroad. EDC can also provide financial solutions to foreign buyers to facilitate and grow purchases from Canadian companies.
SOURCE Export Development Canada
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