No topic has been more relevant in recent decades than sustainability. Individuals, governments, and businesses are more focused than ever on acting sustainably, paying attention to recycling, consuming less plastic, and buying local goods. This has fueled the need for green technologies that enable organizations to act responsibly and mitigate climate change.
According to a report by fortunebusinessinsights.com, the global green technology and sustainability market was valued at $11.49 billion in 2021, and is projected to reach $51.09 billion by 2029, registering a CAGR of 20.6 percent between 2022 – 2029. The change in energy consumption patterns since the pandemic and increasing investment in critical infrastructure are driving the growth of the industry. Furthermore, the increased focus on electrification across industries has forced the utility sector to explore scalable new business models that deliver enhanced value.
The increased focus on battling climate change has led to novel innovations, such as the use of algae and direct air capture technology to reduce the carbon dioxide levels in the atmosphere. At the same time, there is a growing demand for clean mobility, which has reduced the heavy burden of fossil fuel pollution produced by gas-powered vehicles.
This edition of Energy Tech Review delivers a bird’s-eye view of the recent developments in the green tech arena and insights into how organizations are aligning with these trends and adopting new ways to replace legacy practices.
We have curated thought leadership articles from industry experts like the Executive Vice President, at Montana Renewables, and the Senior Director for Transmission Analytics at EDF Renewables. We also took a deep dive into the market trends to narrow down the list of companies delivering innovative green tech solutions. Equipped with innovative technological capabilities, companies like BDP EnviroTech help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Energy Tech Review’s green tech solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
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