Good morning Community!
A lot is being said about the energy transition and innovations in technology in general. Here's the report on most innovative and successful cleantech companies in 2023. This is prepared by The Cleantech Group.
The authors are commenting on two consistent dynamics: innovation in reaction to chaos of the early 2020s and a building embrace of "bigger bets" for long-term sustainability. As the U.S. Inflation Reduction Act hurtles into its 2nd year and Russia's land war in Ukraine creeps towards its 3rd year, innovators lean hard into the hardest tech areas.
The report marks 2023 as a stand-out year in which deep tech solutions are entering into commercialization in force. Despite a challenging macroeconomic environment with high interest rates and slimmed prospects for venture returns, companies in these areas are still getting funded. Authors believe that we are moving away from the era of "asset light, highly scalable" as the primary growth evaluation criteria, and moving to an era where forward-positing for supply into hard-to change sectors is valued.
The report also has several case studies.
Do we have members who invested in Cleantech? Do you agree with statements the report is making?
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Aya Pariy
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