Climate Tech 1000? We’re on the list!

Written by Fabian Le Gay Brereton

Chief Executive Officer & Co-Founder BSc Computer Science (Hons) University of Western Australia

November 16, 2021

Gridcognition was recently named in the Climate Tech 1000 “a list of the 1000 most promising Climate Tech startups and companies around the world”, and Top 100 in Australia New Zealand. The research project is a joint venture between HolonIQ and Climate Salad, with the goal “to find companies that showed the breadth and depth of the industry, from early-stage through to scaling, and energy, through to plastics.”

Ok, we’re very pleased to be recognized, but there are also some interesting observations to make around this list. First of all, the fact that there is now a list of Climate Tech companies at all!

Climate Tech is accelerating, rapidly.

The economics are starting to stack up, and the market is leading the way in recognising that there are jobs and economic opportunities in climate and energy tech. (Next are hopefully more politicians to do the same.)

The Financial Times recently wrote: “…there was a record $17bn in venture capital pumped into the so-called “climate tech” space in 2020, according to data from Bloomberg NEF, a research group — triple the sum spent four years before.

The researchers at HolonIQ noted that they were surprised at the sheer volume of companies in the space. They didn’t expect to find more than 500 climate tech companies in Australia and New Zealand alone. So the momentum is clearly there, attracting more and more bright minds to the sector and more and more investors and media focus.

PWC’s “The state of Climate Tech” is going to be an annual report

For some more in-depth data is this PWC report, which is now going to be “an annual look at climate tech investing”. This from the report:

We need faster, bolder innovation in climate tech, and startup innovation can help deliver this. The startup/venture ecosystem is geared up to deliver fast growing, highly scalable companies with a technological edge, which is exactly what is needed now for climate.”

Investment confidence is key

There is a link between what climate tech investors face, and those who are planning to build decentralized, smart energy systems now. Investors need confidence that they are making the right decisions. This complexity is why our customers use Gridcognition to model hundreds of commercial scenarios before committing to projects. All in all, that helps faster decision making, and faster deployment of projects that will drive the transition to a decentralized, decarbonized future.

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