Canada is making waves in cleantech, with five homegrown innovators—spanning AI-powered freight, battery recycling, and geothermal energy—earning spots on TIME Magazine’s inaugural list of the World’s Top Cleantech Companies of 2025.
As governments and industries worldwide scramble to decarbonize, TIME, in partnership with global data firm Statista, evaluated over 8,000 companies developing products, services, or technologies aimed at reversing the effects of human activity on the planet. Rankings were based on environmental impact, financial strength, and innovation.
Among the standout Canadian honorees:
- Waabi (Toronto) is developing AI systems for autonomous long-haul trucking, aiming to boost efficiency and reduce emissions. The company has partnered with Volvo Autonomous Solutions and cracked the global top 20 on TIME‘s list.
- Svante (Burnaby) provides carbon capture and removal technologies that help heavy industries cut emissions—a crucial step toward reaching net zero.
- Li-Cycle (Toronto) offers a clean, closed-loop recycling system for lithium-ion batteries, supporting the sustainability of the fast-growing EV market.
- Eavor (Calgary) turns geothermal heat into clean, reliable power with its novel closed-loop energy system that requires no fracking or aquifers.
- eLeapPower (Toronto) is reengineering EV powertrains to enable faster, more efficient charging, including direct charging from renewable sources.
The final list features 250 companies from 30 countries across six continents, with U.S. firms dominating the top ranks—11 of the top 20 are American. Still, the wide array of technologies featured underscores how climate innovation is emerging from every corner of the globe.
As the climate crisis escalates, these Canadian companies—and their international peers—are proving that cleantech isn’t one-size-fits-all. From AI to algae, machine learning to mealworms, the race to save the planet is getting smarter, faster, and more global than ever.