The Top Green Tech Companies In 2024
By now, we are all aware that there is no planet B, and the urgency to address the impacts of climate change has never been more critical.
As we enter 2024, many remarkable green tech companies are leading the charge toward a sustainable future, revolutionising how we approach ecological challenges.
In this article, we'll take a closer look at some of the top green tech companies of 2024, in no particular order, all of which are making significant contributions to the preservation of our planet.
Green Tech Companies to Look Out for in 2024
Founder: Rajan Pandhare
Date Founded: 2015
Latest funding: $10 million - Series B
Total employees: 51 to 100
QiO Technologies specialises in helping asset-heavy and energy-intensive businesses – such as manufacturing, data centres, and telecom companies – enhance their efficiency, productivity, and sustainability.
By leveraging the Industrial Internet of Things (IIoT) – which connects industrial assets like kilns, furnaces, boilers, and compressors to collect and analyse data – their applied artificial intelligence (AI) software provides solutions for cost reduction and energy savings while aiming to minimise greenhouse gas emissions.
The product harnesses AI to pinpoint and execute immediate measures that enhance energy efficiency and resource use. This empowers organisations to cut greenhouse gas (GHG) emissions, lower energy consumption, slash production costs, and minimise waste.
CEO: Mette Lykke
Date Founded: 2015
Latest funding: $24 million - Series B
Total employees: 1,378
Too Good to Go
Too Good To Go is an innovative social impact software that is dedicated to reducing food waste by connecting consumers with businesses that have surplus unsold food.
Through its mobile application, users can purchase excess food from restaurants, stores, hotels, and other retail businesses at a lower price, thereby helping to minimise food wastage and contribute to environmental sustainability.
The benefit is three-fold. Businesses can turn their surplus food into extra income with minimal effort and attract new customers on and off the app.
Customers, on the other hand, get to purchase food at lower prices while contributing to a reduction in food waste and helping the environment.
Founder: Nick Davies
Date Founded: 2014
Latest funding: £3 million - Series A
Total employees: 11 to 50
Neighbourly is an award-winning giving platform that facilitates positive community impact by enabling businesses to donate volunteer time, money, and surplus products to local good causes.
The platform connects available resources with the places they are needed most. To date, Neighbourly has achieved an impact of over £298 million that benefitted British and Irish communities.
Founded in 2014, Neighbourly has grown into a global leader in community giving and operates as a B Corp, with a commitment to transform the global economy to benefit people, communities, and the planet.
The platform, which is ISO27001 certified, centralises social and environmental impact analysis and helps businesses share their local impact stories with stakeholders.
Neighbourly's network encompasses over 29,000 charities and community groups, and offers its services for free to charitable organisations, schools, and community groups.
Founder: Doug Johnson-Poensgen
Date Founded: 2018
Latest funding: $25 million - Series B
Total employees: 76
Circulor is one of a new type of green tech companies that focuses on helping different industries keep track of their supply chains - the process and journey that goods and materials go through from origin to final product.
In adherence to ethical and sustainable practices, they use artificial intelligence (AI) and blockchain technology to make this tracking more accurate and transparent. This helps to confirm that the materials and products have been sourced responsibly.
Serving industries like automotive and construction, Circulor aims to help organisations improve environmental, social, and governance (ESG) performance, reduce greenhouse gas emissions, and manage supply chain risks by confirming that materials and products adhere to sustainable practices.
Piclo is a green tech company that aims to enhance the efficiency, reliability, and sustainability of electricity grids through its innovative energy management platform.
This platform provides a transparent system for both power generators and consumers, which allows them to monitor and control their energy usage, understand the source and cost of their electricity, and observe how these costs fluctuate over time.
In addition, Piclo has established a marketplace called Piclo Flex, which facilitates the buying and selling of flexibility services (flexibility services refer to platforms that efficiently manage energy supply and demand).
This marketplace combines Flex Providers and System Operators to enable greater energy flexibility. The goal is to contribute to decarbonisation and reduce carbon emissions in the energy sector.
Emitwise is an AI-powered carbon management platform that helps businesses track and manage their carbon footprints.
The platform ensures a comprehensive understanding of carbon emissions across an organisation’s supply chain by providing detailed insights through machine learning.
Furthermore, the platform's targets are aligned with the Science-Based Targets initiative (SBTi), which helps provide a proven measure for effective carbon emissions reduction that turns insights into actionable and impactful strategies.
Founder: Denis Sverdlov
Latest funding: $300 million - Post IPO Equity
Date Founded: 2015
Total employees: 1,000 to 5,000
Arrival is a well-known company that manufactures zero-emission public transportation vehicles like electric buses and vans, aiming to change the automotive industry with its creative designs and eco-friendly technologies.
Established with a mission to make a significant positive impact on the environment, Arrival focuses on designing electric vehicles (EVs) that not only help reduce greenhouse gas emissions, but also offer modern, efficient, and affordable transportation solutions.
Their commitment to sustainability extends to their unique micro-factory approach, which minimises resource waste and allows for localised production, aligning with global efforts to combat climate change and foster urban mobility.
By prioritising sustainability, Arrival endeavours to lead the transition towards a more efficient transportation infrastructure worldwide.
Founder: John Gilbert
Latest funding: $5 million
Date Founded: 2016
Total employees: 50
Prescriptive Data is a smart building technology company specialising in creating software to enhance the efficiency and comfort of buildings.
Their solutions aim to optimise temperature control while also reducing operational costs. By integrating Internet of Things (IoT) technology, big data, and artificial intelligence, Prescriptive Data offers global solutions to manage and optimise built environments.
Their flagship offering is Nantum OS, a cloud-based platform designed to assist real estate owners and operators in managing the operational technologies within their buildings.
Additionally, they have developed Nantum AI, a tool that predicts potential equipment malfunctions and other issues, which facilitates proactive maintenance and management.
Through their innovative products and services, Prescriptive Data is committed to providing modern, practical solutions to the challenges faced by building owners and managers, with the ultimate goal of achieving more sustainable and efficient building operations.
Arcadia is a clean energy technology company based in Washington, DC, committed to making clean energy accessible to all. The core objective of Arcadia has been to simplify the choice of clean energy for anyone paying a power bill.
Founded in 2014, Arcadia initially invested in community solar projects in a drive towards achieving its vision of a zero-carbon future.
Over the years, Arcadia created a platform named Arc to improve access to energy-related data. This platform aids businesses in participating in Arcadia's goal of transitioning towards a zero-carbon future by allowing them to make informed decisions regarding clean energy based on the data provided by the Arc platform.
They have achieved a significant milestone by onboarding over 700,000 utility accounts to their platform, processing over $470 million in residential utility bill payments, and connecting more than 3.7 billion kilowatt-hours of clean energy.
Watershed is an enterprise climate platform based in San Francisco that provides tools and resources for companies to measure, reduce, and report their carbon emissions. Companies like Walmart, Stripe, Spotify, Klarna, and Twitter have used Watershed to gain a better understanding of their corporate carbon footprints.
Watershed offers clients a carbon data engine and a team of in-house climate experts to help them manage their emissions, as well as a marketplace for decarbonisation initiatives.
Watershed is designed to deliver quick results, which allows companies to measure and report emissions within a few weeks.
The platform is trusted across various industries and provides granular, audit-grade carbon measurements, along with one-click disclosure and reporting features. This detailed approach to carbon measurement and reporting is beneficial for companies that need to comply with environmental regulations.
Founder: Michael Polsky
Latest funding: $1 billion equity investment by Blackstone Infrastructure Partners
Date Founded: 2001
Total employees: 2,500
Invenergy is a renewable energy business that develops and operates power generation and energy storage projects, focusing on wind, solar, and natural gas. Founded in 2001 and based in Chicago, the company has a global presence with projects in the Americas, Europe, and Asia.
With over 2,500 employees, Invenergy is a significant player in the energy sector. Their approach to energy includes not only generating clean power, but also investing in storage facilities to ensure a continuous supply of energy.
The combination of renewable energy sources and energy storage solutions strongly positions Invenergy as a company that’s actively contributing to the transition to a more sustainable energy landscape.
Their diverse range of projects plays a part in reducing carbon emissions and promoting a reliable energy infrastructure across continents.
Founder: Chris Goode
Latest funding: $100 million - Series A
Total employees: 11 to 50
Climavision, established in 2020, is a climate technology company that’s working to reduce the economic impacts of climate change. Their platform provides real-time weather data, forecasts, and monitoring, all powered by artificial intelligence and machine learning algorithms.
At the centre of Climavision's operations is their unique high-resolution weather radar and satellite network, which they combine with advanced weather prediction models and industry expertise. This approach aims to help businesses and governments tackle the economic challenges of climate change.
What makes Climavision unique is its combination of lower-altitude proprietary data with machine learning and AI technologies.
This results in higher accuracy in weather forecasting and intelligence, which are crucial for informed decision-making and instrumental in managing and mitigating climate risks for businesses and governments.
For entrepreneurs, scale-ups, and large enterprises eager to make their mark in the green tech sector, 2024 offers many opportunities.
In this article, we delved into initiatives undertaken by various green tech companies that each showcase the potential that software-based solutions offer towards tackling the environmental challenges we face today.
From energy management platforms and carbon tracking tools to AI-powered sustainability analytics, the potential for software that drives positive change is immense.
Whether you're exploring software for renewable energy integration, developing eco-friendly apps, or leveraging data analytics for carbon reduction strategies, there are many opportunities to join the movement towards a more sustainable future.
Ready to embark on your green tech journey? We’re Rocketmakers, and we’re experts in green tech. We’d like to help you turn your sustainable vision into reality.
Contact us today to launch your next green tech project and contribute to a greener, more sustainable world.