As the global economy transitions to cleaner energy, these companies are pushing ahead to advance renewable energy generation, including hydrogen, offshore wind, and geothermal.
Corporations and governments are taking steps to embrace renewable energy — a crucial part in moving toward a more sustainable, zero-carbon society.
Despite disruptions from the pandemic, the space has remained resilient. In Q1’20, renewable energy generated 28% of global electricity — a record high. Further, renewables are on track to topple coal as the largest source of electricity generation globally by 2025.
Corporations are taking notice: earnings call mentions of “renewable energy” peaked in 2020, according to the CB Insights Earnings Transcript tool. Even fossil fuel giants, like BP and Shell, are announcing plans to invest billions of dollars in renewables.
However, more work is needed to advance newer renewable energy sources, expand wind and solar capacities, and power energy-intensive industries, such as industrial production and construction.
To address this gap, companies are developing technologies to extract energy more efficiently and cost-effectively across several renewable sources.
We used CB Insights data and the Renewable Energy Expert Collection to identify companies focused on innovating across renewable energy sources, from hydrogen to hydropower.
This market map is not meant to be exhaustive of companies in the space. Categories are not mutually exclusive; companies were placed in the category that represents their primary use case. Please click to enlarge.