Independent market intelligence organization CleanTech Breakthrough this month revealed the winners of its third-annual awards program.
This 2026 edition of the CleanTech Breakthrough awards program attracted thousands of nominations from companies across more than 16 countries worldwide, according to a statement.
Valued at approximately US$2.5 trillion, the global clean technology sector is undergoing transformation, which is what the awards aim to highlight.
“In a world increasingly focused on sustainability and environmental responsibility, innovation in clean technology has never been more critical,” suggests Bryan Vaughn, Managing Director of CleanTech Breakthrough.
“This year’s winners represent the very best in ingenuity and execution, delivering solutions that not only reduce environmental impact but also drive efficiency, scalability, and real-world results,” he stated.
Notably, Canadian company Eavor Technologies garnered the top honour of “Overall CleanTech Innovation of the Year.”
The Alberta-born firm is known for its Eavor-Loop tech.
The closed-loop technology provides 24/7 dispatchable heat and power for a broad spectrum of applications, ranging from municipal district heating to energy-intensive infrastructure like data centres.
“We are moving past the era of geothermal as a niche energy source,” says chief executive officer Mark Fitzgerald. “Our closed-loop system makes it possible to use the Earth’s heat virtually anywhere, dramatically expanding the global potential for geothermal.”
An Eavor-Loop system is constructed by drilling vertical wells kilometres deep, then branching off horizontally to create a network. These wells are connected underground and sealed to form a fully closed loop isolated from the surrounding rock. Water circulates continuously within the system, absorbing heat from deep underground and returning to the surface where it can be used for district heating or electricity generation.
Vaughn believes that Eavor’s technology represents “a breakthrough for the industry and validates closed-loop geothermal as a new class of clean, dispatch-able energy.”
Traditional geothermal development “depends on naturally occurring hydrothermal reservoirs, limiting deployment to specific regions,” he notes. Meanwhile, “enhanced geothermal systems use hydraulic fracturing, risking induced seismicity, high water consumption, and regulatory complexity.”
“Eavor on the other hand, with its closed-loop utility-scale geothermal system, mitigates these issues for deployment,” states Vaughn. This can “improve drilling speed, precision, and reliability in high-temperature environments, establishing a clear pathway to scalable geothermal while reducing execution risk and overall cost.”
Founded in 2017, Eavor was last year named to TIME Magazine’s inaugural list of the World’s Top Cleantech Companies.