Cleantech, also referred to as clean technology, and often used interchangeably with the term greentech and has emerged as an umbrella term encompassing the investment asset class, technology, and business sectors which include clean energy, environmental, and sustainable or green, products and services.
The demand for Renewables is on the rise. We are constantly searching for cleaner and more efficient ways to store energy, and more sustainable solutions in agriculture, waste management and transportation.
This call for renewable energy sources has birthed new technologies. The most common examples of clean technology being electric cars, solar panels, wind, and wave energy. But energy isn’t the only cleantech sector changing our planet for the better.
This emerging trillion dollar industry has room and opportunities for startups and corporates alike. Their objectives are to create more efficient and cost-effective products, reduce the negative impacts of fossil fuels on the environment, and improve the use of natural and renewable resources.
Many technologies use sustainable sources of energy, or optimize energy usage to reduce dependence on carbon fuels. These are typically wind, hydro, solar, geothermal, smart energy and energy reduction technologies.