The emergence of climate change issues has led to the development of new technologies aimed at decarbonizing various global operations. Different trends have been observed, starting with a focus on renewable energy and the electrification of vehicles. Climate technology encompasses a group of sustainable solutions, and the following businesses are recognized as leaders in their respective fields.
1. NuScale Power
NuScale Power Corporation specialises in nuclear energy, particularly in the development and commercialization of small modular reactors (SMRs). The company’s innovative NuScale Power Module can be configured in 4, 6, and 12-module VOYGR power plants, providing a scalable solution for various energy needs. NuScale Power is notable for being the first to have its SMR design certified by the US Nuclear Regulatory Commission (NRC).
2. H2 Green Steel
Founded in 2020, H2 Green Steel aims to decarbonize the steel industry through innovative production processes using green hydrogen and electricity from renewable sources. The company is constructing what may become the world’s first commercial-scale clean steel factory in Boden, Sweden, with operations expected to commence towards the end of 2025.
3. Sublime Systems
Sublime Systems targets the cement industry for decarbonization, aiming to reduce production emissions by 50%. Co-founded by an MIT Professor Yet-Ming Chiang and Dr. Leah Ellis, the startup employs technology that does not alter cement’s properties or impact its functionality.
4. Climeworks AG
Climeworks focuses on direct air capture (DAC) and continuously develops technologies to remove carbon from the atmosphere. ‘Orca’ is the company’s large-scale application of carbon capture, demonstrating the feasibility and necessity of carbon dioxide removal on a large scale.
5. Commonwealth Fusion Systems
In partnership with MIT, Commonwealth Fusion Systems is revolutionising nuclear fusion with its high-temperature superconducting magnets. The company’s innovation allows for the development of more compact and cost-effective fusion devices, with current operations focused on the SPARC system, set to be the world’s first commercially viable machine.
6. Orsted
Danish renewable energy giant Orsted A/S is a leader in offshore wind farm development, construction, and operation. With an impressive portfolio exceeding 7.5 GW both installed and under construction, Orsted is deeply committed to sustainability, aiming for carbon neutrality by 2025.
7. ReNew
ReNew, founded in 2011, leads India’s energy transition as one of the largest independent renewable energy power producers. The company operates around 8.4 GW of capacity, with achievements such as crossing commissioning milestones for renewable energy sites in India.
8. GEM Co. Ltd
GEM Co, Ltd focuses on recycling, reducing carbon emissions, and dismantling Waste Electrical and Electronic Equipment (WEEE). The company has established recycling and new energy materials manufacturing facilities across multiple cities and provinces globally.
9. Google
Google leverages data to monitor climate conditions and predict natural events. The company provides sustainable routes for internal combustion engine (ICE) and electric car drivers, contributing to increased awareness of climate concerns.
10. BYD
Build Your Dreams (BYD) is a leading automotive manufacturer in electrification, delivering battery-electric vehicles (BEVs) globally. With a significant presence in the Chinese technology and automotive markets, BYD competes with Tesla and plays a key role in promoting electric vehicles worldwide.
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SOURCE: Sustainability Magazine
Featured Image: Credit: Sustainability Magazine
