Montreal – 15 December 2020 – Out of thousands of innovators from across the globe, Montreal-based Effenco Development Inc. (“Effenco”), specialized in heavy-duty vehicle electrification and serving customers in 10 countries, was named a 2021 Global Cleantech 100 Company by Cleantech Group. Delivering solutions that will take us from climate chaos to transformation, the 100 companies on the list represent the private, independent and for-profit companies best positioned to contribute to a more digitized, de-carbonized and resource-efficient future. This is the 12th edition of the widely respected annual guide. This year’s list includes innovators from 15 countries, with just over half located in the US and the rest hailing from Asia, Australia, Europe and the Middle East. The sectors covered include: Agriculture & Food, Enabling Technologies, Energy & Power, Materials & Chemicals, Transportation & Logistics and Resources & Environment.
“Effenco is proud of this recognition, testifying to its commitment and constant dedication to developing green and sustainable solutions that contribute to the fight against climate change. Effenco’s technology continues to prove itself and the team remains motivated to innovate.” said David Arsenault, President and Cofounder, Effenco Development Inc.
The list combines Cleantech Group’s research data with qualitative judgements from nominations and insight from a global, 91-member Expert Panel of leading investors and executives from corporations and industrials active in technology and innovation scouting. From pioneers and veterans to new entrants, the Expert Panel broadly represents the global cleantech community and results in a list with a powerful base of respect and support from many important players within the cleantech innovation ecosystem.
The Global Cleantech 100 program continues to be sponsored by Chubb, the world’s largest publicly traded property and casualty insurance company.
“We are delighted to welcome 50 companies for their first time on this year’s new Global Cleantech 100. This replacement rate speaks to the healthy maturing of this innovation ecosystem and to some specific impacts of Covid-19,” said Richard Youngman, CEO, Cleantech Group. “On the one hand, the 2021 list reflects the long-running mega-trends like decarbonization, digitization, electrification, and the ever-increasing volumes of deployed renewable energy. On the other, Covid-19’s impact is evident – for example, in the uptick in automation and robotics-enabled solutions, in logistics and supply chain solutions, and solutions in the food chain to prevent, reduce and repurpose food waste. Resilience is a new critical factor at play.”
Founded in Montreal in 2006, Effenco develops transportation electrification solutions to reduce GHG emissions from heavy vehicles. Its large operation database from connected vehicles (Internet of Things) is at the heart of its development process. Thanks to its patented electrical technology, Effenco is now a leader in improving the fuel efficiency of heavy trucks. In addition to its head office in Montreal, Effenco has offices in Los Angeles, Paris and Kongsberg in Norway.
About Cleantech Group
At Cleantech Group, we provide research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. We bring clients access to the trends, companies and people shaping the future and the customized advice and support businesses need to engage external innovation.
Industries are undergoing definitive transitions toward a more digitized, de-carbonized and resource-efficient industrial future. At every stage from initial strategy to final deals, our services bring corporate change makers, investors, governments and stakeholders from across the ecosystem, the support they need to thrive in this fast-arriving and uncertain future.
The company was established in 2002 and is headquartered in San Francisco with people based in London, Paris and Boston.
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Effenco Development Inc.