The TSX Venture Exchange (TSXV) has unveiled its 2025 TSX Venture 50™, recognizing top-performing early- and growth-stage companies that have demonstrated remarkable market performance. Among the standout firms are three cleantech companies—SPARQ Systems, BIOREM, and Northstar Clean Technologies—each making significant strides in advancing sustainable innovation.
Kingston-based SPARQ Systems emerged as the leading performer on this year’s list, boasting a 944% surge in share price and a staggering 1,379% growth in market capitalization. The company specializes in next-generation single-phase microinverters for residential and commercial solar applications. Its proprietary Quad inverter optimizes four photovoltaic modules with a single microinverter, reducing installation complexity and costs while improving efficiency.
Ranked 29th, BIOREM of Guelph continues to make an impact with its high-efficiency air emissions control systems. The company develops and manufactures solutions to eliminate odors, volatile organic compounds (VOCs), and hazardous air pollutants (HAPs). With over 2,000 installations worldwide, BIOREM is a key player in improving air quality for municipalities and industrial operations.
Vancouver-based Northstar Clean Technologies, listed 47th, is pioneering sustainable asphalt shingle recycling. The company has developed a proprietary process to recover liquid asphalt, aggregate, and fiber from discarded shingles, diverting waste from landfills and supporting the circular economy. With its first commercial-scale facility in Calgary, Northstar aims to lead North America’s transition toward sustainable construction materials.
The TSX Venture 50 highlights the growing investor interest in clean technology, with the sector posting an average 400% share price growth in 2024. As demand for sustainable solutions accelerates, these companies exemplify Canada’s role in driving the global energy transition.