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Pacific Channel, a leading Asia-Pacific funds management firm specialising in deep-tech and venture capital, is thrilled that three of its portfolio companies have been named in the prestigious global Cleantech 50 to Watch list.
This annual list highlights 50 early-stage companies from around the world that are developing groundbreaking solutions to address some of the world’s most pressing environmental and sustainability challenges.
The companies within Pacific Channel’s investment portfolio include:
Green Gravity: Innovating in the field of energy storage, Australian-based Green Gravity is developing technology that harnesses gravitational energy by raising and lowering heavy weights in mine shafts.
Cetogenix: Pioneering waste management solutions, Cetogenix has developed a technology platform that uses hydrothermal oxidation to convert organic waste into biogas, fertilisers, and other valuable resources.
Nilo: Revolutionising the circular economy, Nilo is developing technology to repurpose plastic, construction waste, tires, and solid waste into furniture adhesives.
Cleantech expert panellist and Associate Partner at Pacific Channel, Dr Ashwath Sundaresan commented on this recognition: “We’re delighted that Green Gravity, Cetogenix, and Nilo have been included in this list which showcases the top 50 early-stage companies driving innovation and tackling the climate crisis.
"These companies exemplify the kind of transformative technologies we seek to support at Pacific Channel. From energy storage to waste management and circular economy solutions, they are tackling some of the most pressing environmental challenges of our time.
Pacific Channel Venture Partner Marny Reakes adds “Being recognised amongst the top 50 cleantech companies to watch across the globe is significant, and it’s a privilege to be part of the journey these companies are undertaking towards making a positive impact in the cleantech sector.
“There's no doubt the global cleantech market is experiencing unprecedented growth, driven by urgent climate action needs and the increasing adoption of innovative technologies. Adding value by turning “waste to value” is agrowing subsection of cleantech, all three companies are sustainability repurposing waste to create value to the planet and society.
Ms Reakes concluded, "At Pacific Channel, we're proud to focus our investments on innovative companies based in New Zealand and Australia that are shaping thefuture of our environment.
Dr Sundaresan added “Recognising Green Gravity, Cetogenix, and Nilo in this global list underpins the world-class talent and groundbreaking solutions emerging out of the Asia-Pacific region. We're committed to supporting these visionary companies and fostering local innovation that has the potential to create global impact in addressing critical environmental challenges."
The full report can be downloaded via this link: CLEANTECH TOP 50 TO WATCH
Notes About the Cleantech Top 50 To Watch List:
Key Sectors & Trends
The 2024 list reflects several key sectors and trends that are currently at the forefront of cleantech innovation with sample companies who made the Cleantech 50 to Watch:
· Agriculture & Food: 3 companies in 3 countries
· Energy & Power: 13 companies in 10 countries
· Materials & Chemicals: 19 companies in 8 countries
· Resources & Environmental Management: 4 companies in 4 countries
· Transportation & Logistics: 2 companies in 2 countries
· Waste & Recycling: 9 companies in 6 countries
A Rigorous Selection Process
The companies featured on the Cleantech 50 to Watchlist were selected through a rigorous process that involved nominations from a global expert panel of investors, industry experts, and cleantech professionals, as well as in-depth analysis by Cleantech Group’s research team.The final selection was based on a range of criteria, including the potential impact of the company’s technology, the strength of its business model, the quality of its leadership team, and the scalability of its solution.
Expert Panel
The Cleantech 50 to Watch Expert Panel is made up of over 30 early-stage innovation experts. The panel is diverse in geography, age,background and is at gender parity. We are proud to contribute our nominations and inputsto help reach a final list of the most up and coming early-stage innovators.
