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Thursday, January 23, 2025

5 Greatest-performing Canadian Cleantech Shares of 2024



The worldwide transition to a inexperienced economic system has been a boon for the cleantech market — it is serving to funding in renewable vitality and clear expertise proceed to develop, permitting the sector to maintain constructing momentum.

Analysts see a few key tendencies dominating the cleantech sector worldwide, together with photo voltaic and wind vitality, agricultural expertise, electrical automobiles (EVs), EV infrastructure and clear vitality industrial long-haul transportation options.

Heading into 2025, right here’s a have a look at the best-performing Canadian cleantech shares on the TSX and TSXV year-to-date; CSE firms had been thought of, however none made the record at the moment.


Knowledge for this text was gathered on December 29, 2024, utilizing TradingView’s inventory screener. Solely firms with market capitalizations larger than C$50 million are included.

1. Anaergia (TSX:ANRG)

Yr-to-date acquire: 260 p.c
Market cap: C$152.37 million
Share value: C$0.90

Anaergia is a worldwide firm that makes a speciality of changing waste, together with wastewater and agricultural and municipal strong waste, into renewable vitality, clear water and natural fertilizer.

It has operations in 17 international locations spanning North America, Africa, Asia and Europe.

On July 10, Anaeriga introduced the completion of a strategic funding, saying it had closed the third tranche of a C$40.8 million funding cope with Marny Investissement. The deal offers Marny a controlling curiosity in Anaergia because it now owns over 60 p.c of the corporate’s excellent shares.

In December, the corporate prolonged its attain with new contracts to function in California. It additionally signed a deal to supply natural waste as an vitality supply for PepsiCo’s (NASDAQ:PEP) operations in Colombia.

Anaergia is slated to attend a number of cleantech conferences world wide in 2025.

2. BIOREM (TSXV:BRM)

Yr-to-date acquire: 223.23 p.c
Market cap: C$51.58 million
Share value: C$3.20

BIOREM is a cleantech engineering firm that develops air emissions abatement applied sciences utilizing organic processes like biotrickling filtration, a course of by which polluted fuel is absorbed and degraded by microorganisms into innocent substances. The corporate’s techniques are able to eradicating a big selection of pollution, and it may well design efficient options tailor-made to fulfill particular wants and web site necessities.

The agency collaborates with municipalities, industrial services, oil and fuel firms and landfill operators.

3. Tantalus Programs (TSX:GRID)

Yr-to-date acquire: 143.75 p.c
Market cap: C$95.28 million
Share value: C$1.95

Tantalus Programs supplies expertise that offers utilities larger management and perception into their electrical grids.

This contains superior metering infrastructure (AMI), load administration techniques and grid analytics, all of which contribute to a extra environment friendly and dependable energy grid.

Considered one of its key merchandise, TRUConnect AMI, supplies real-time information on vitality consumption and grid circumstances. The TRUFlex Load+DER Administration system helps handle vitality demand and combine distributed vitality sources like solar energy, whereas TRUGrid Automation optimizes grid operations and improves response to occasions like energy failures.

4. CVW CleanTech (TSXV:CVW)

Yr-to-date acquire: 25.33 p.c
Market cap: C$136.03 million
Share value: C$0.94

CVW CleanTech is targeted on making the Canadian oil sands trade extra sustainable.

The corporate’s expertise recovers bitumen and priceless minerals like titanium and zircon from oil sands tailings ponds, lowering the environmental influence of oil and fuel manufacturing.

In 2024, the corporate transitioned to a royalty-based mannequin, investing in different cleantech firms in trade for a share of their income. Its first royalty funding was in Northstar Clear Applied sciences (TSXV:ROOF,OTCQB:ROOOF), an organization with expertise that processes end-of-life asphalt shingles into parts together with liquid asphalt, in addition to combination and fiber for industrial use. The deal was finalized in September.

5. DynaCERT (TSX:DYA)

Yr-to-date acquire: 9.37 p.c
Market cap: C$76.83 million
Share value: C$0.18

DynaCERT makes a speciality of bettering the gasoline effectivity of diesel engines with its HydraGEN expertise, which expanded into South American mines in 2024. The system provides hydrogen to the air consumption of the engines, which reduces the emissions of pollution like nitrogen oxide, leading to cleaner combustion.

The corporate’s expertise works with conventional diesel engines and is getting used throughout a variety of professional quality industries, together with transportation, mining and development.

Lately, DynaCERT has been collaborating with one other various gasoline firm, Cipher Neutron, to speed up the event of Cipher Neutron’s alkaline trade membrane (AEM) electrolysis expertise, a less expensive, extra environment friendly methodology of manufacturing inexperienced hydrogen. On June 11, DynaCERT acquired 15 p.c possession of Cipher Neutron.

On July 16, DynaCert introduced that Cipher Neutron had been awarded a contract for a joint challenge with Simon Fraser College (SFU) in BC, Canada. The college hosts the SFU Clear Hydrogen Hub, at which Cipher Neutron will develop and deploy two 250 kilowatt AEM electrolyzer stacks. The expertise splits water into hydrogen and oxygen utilizing electrical energy, making it a key course of for producing low-cost inexperienced hydrogen.

Don’t overlook to comply with us @INN_Technology for real-time information updates!

Securities Disclosure: I, Meagen Seatter, maintain no direct funding curiosity in any firm talked about on this article.

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