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Clean technology enjoys a renaissance

May 19 2021

Since February, two British Columbia clean-technology companies have raised a total of $200 million. Loop Energy, a hydrogen fuel cell company, debuted on the Toronto Stock Exchange in a $100 million initial public offering, and in March Svante, a carbon capture company, concluded a $100 million private equity raise.

British Columbia has emerged as a carbon capture technology innovator, with companies like Carbon Engineering and Svante, and research institutes like Carbon Capture and Conversion Institute, which has research and testing facilities in Richmond. “We are Silicon Valley North for carbon capture,” said Jonathan Rhone, CEO of Axine and chairman of the BC Cleantech CEO Alliance.

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