Think Renewable Energy is boring and everything’s been done before?
Think again.
If you’re in the Renewable Energy industry or are interested in starting a company in this space, this article dives into 62 of the hottest fast-growing Renewable Energy startups.
62 Renewable Energy Startups 1) Blue Origin Blue Origin is an aerospace business whose mission is to reduce the cost of spaceflight while also assisting in the exploration of the solar system.
Details of the startup:
Country: United States City: Kent Started in: 2000 Founders: Jeff Bezos Number of employees: 251-500 Funding amount: $13,000,000 Number of funding rounds: 1 Number of investors: 1 You can find their website here
2) Schneider Electric Schneider Electric is an electric firm that designs and manufactures devices that aid in energy conservation.
Details of the startup:
Country: France City: Rueil-malmaison Started in: 1836 Founders: Emmanuel Lagarrigue, Joseph Eugène Schneider Number of employees: 10001+ Funding amount: $1,600,000 Number of funding rounds: 2 Number of investors: 2 You can find their website here
3) Aurora Solar Aurora Solar is a software-as-a-service startup that assesses solar installation projects using aerial images.
Details of the startup:
Country: United States City: San Francisco Started in: 2013 Founders: Christopher Hopper, Samuel Adeyemo Number of employees: 101-250 Funding amount: $323,470,493 Number of funding rounds: 3 Number of investors: 6 You can find their website here
4) Wallbox Wallbox develops smart charging and energy solutions to promote the adoption of electric vehicles and the usage of renewable energy sources.
Details of the startup:
Country: Spain City: Barcelona Started in: 2015 Founders: Eduard Castañeda Mañé, Enric Asunción Number of employees: 501-1000 Funding amount: € 58,000,000 Number of funding rounds: 5 Number of investors: 6 You can find their website here
5) ESS ESS is a prominent manufacturer of long-duration energy storage systems for C&I, utility, microgrid, and off-grid applications.
Details of the startup:
Country: United States City: Wilsonville Started in: 2011 Founders: Craig Evans, Julia Song Number of employees: 11-50 Funding amount: $47,005,727 Number of funding rounds: 8 Number of investors: 16 You can find their website here
6) LanzaTech Companies, communities, and countries all throughout the world are benefiting from new economic opportunities.
Details of the startup:
Country: United States City: Skokie Started in: 2005 Founders: Sean Simpson Number of employees: 51-100 Funding amount: $280,400,000 Number of funding rounds: 7 Number of investors: 11 You can find their website here
7) SkySpecs SkySpecs uses cutting-edge robotics to automate the operation and maintenance of utility-scale wind turbines.
Details of the startup:
Country: United States City: Ann Arbor Started in: 2012 Founders: Danny Ellis, Jonathan Bendes, Ryan Morton, Samuel DeBruin, Tom Brady Number of employees: 51-100 Funding amount: $38,659,113 Number of funding rounds: 6 Number of investors: 14 You can find their website here
8) Lumenaza Lumenaza provides a software-as-a-service solution.
Details of the startup:
Country: Germany City: Berlin Started in: 2013 Founders: Bernhard Bohmer, Christian Chudoba Number of employees: 11-50 Funding amount: € 10,300,000 Number of funding rounds: 4 Number of investors: 6 You can find their website here
9) Arcadia Arcadia is a home energy platform that offers both clean energy and cost savings.
Details of the startup:
Country: United States City: Washington D.C. Started in: 2013 Founders: Kiran Bhatraju, Ryan Nesbitt Number of employees: 101-250 Funding amount: $70,500,000 Number of funding rounds: 7 Number of investors: 16 You can find their website here
10) Enpal Enpal is a corporation that specializes in solar energy.
Details of the startup:
Country: Germany City: Berlin Started in: 2017 Founders: Jochen Ziervogel, Mario Kohle, Viktor Wingert Number of employees: 251-500 Funding amount: € 10,000,000 Number of funding rounds: 7 Number of investors: 9 You can find their website here
11) Helion Energy Helion Energy generates clean, safe electricity using fusion energy.
Details of the startup:
Country: United States City: Redmond Started in: 2013 Founders: Chris Pihl, David Kirtley, George Votroubek, John Slough Number of employees: 51-100 Funding amount: $77,759,986 Number of funding rounds: 6 Number of investors: 6 You can find their website here
12) Enevate Enevate is a rechargeable energy storage technology firm that provides revolutionary Li-ion battery capacity.
Details of the startup:
Country: United States City: Irvine Started in: 2005 Founders: Benjamin Park Number of employees: 51-100 Funding amount: $192,600,000 Number of funding rounds: 7 Number of investors: 11 You can find their website here
13) TAE Technologies TAE Technologies is tackling the world's most difficult problems using patented science and engineering.
Details of the startup:
Country: United States City: Foothill Ranch Started in: 1998 Founders: Glenn Seaborg, Hendrik Monkhorst, Norman Rostoker Number of employees: 101-250 Funding amount: $916,934,000 Number of funding rounds: 14 Number of investors: 11 You can find their website here
14) ReNew Power ReNew Power is an Indian wind energy company.
Details of the startup:
Country: India City: Gurgaon Started in: 2011 Founders: Sumant Sinha Number of employees: 101-250 Funding amount: $2,776,179,257 Number of funding rounds: 12 Number of investors: 9 You can find their website here
15) Form Energy Form Energy is working on a low-cost battery technology that can store wind and solar energy for extended periods of time.
Details of the startup:
Country: United States City: Somerville Started in: 2017 Founders: Marco Ferrara, Mateo Jaramillo, Ted Wiley, William Woodford, Yet-Ming Chiang Number of employees: 101-250 Funding amount: $125,000,000 Number of funding rounds: 3 Number of investors: 11 You can find their website here
16) Commonwealth Fusion Commonwealth Fusion is an MIT spinoff research firm dedicated to commercializing fusion energy technologies.
Details of the startup:
Country: United States City: Cambridge-US Started in: 2017 Founders: Martin Greenwald, Robert Mumgaard Number of employees: 51-100 Funding amount: $199,000,000 Number of funding rounds: 3 Number of investors: 16 You can find their website here
17) Heliogen Heliogen is a renewable energy technology firm that harnesses the sun's energy to replace fossil fuels.
Details of the startup:
Country: United States City: Pasadena Started in: 2013 Founders: Aaron Fyke, Bill Gross Number of employees: 51-100 Funding amount: $128,550,000 Number of funding rounds: 5 Number of investors: 18 You can find their website here
18) Swell Energy Swell is a domestic energy storage developer and aggregator based in California.
Details of the startup:
Country: United States City: Santa Monica Started in: 2014 Founders: Andrew Meyer, Matthew Rising, Suleman Khan Number of employees: 51-100 Funding amount: $462,000,000 Number of funding rounds: 4 Number of investors: 5 You can find their website here
19) Zap Energy Zap Energy is a fusion energy technology business that is developing a non-magnet fusion reactor.
Details of the startup:
Country: United States City: Seattle Started in: 2017 Founders: Benj Conway, Brian Nelson, Uri Shumlak Number of employees: 11-50 Funding amount: $42,800,000 Number of funding rounds: 5 Number of investors: 7 You can find their website here
20) Li-Cycle Li-Cycle is a clean technology firm on a mission to use its unique solutions to address a worldwide problem that is becoming increasingly urgent.
Details of the startup:
Country: Canada City: Mississauga Started in: 2016 Founders: Ajay Kochhar, Tim Johnston Number of employees: 11-50 Funding amount: $2,700,000 Number of funding rounds: 1 Number of investors: 1 You can find their website here
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21) Sunseap Sunseap is a Singapore-based solar and renewable energy company.
Details of the startup:
Country: Singapore City: Singapore Started in: 2011 Founders: Frank Phuan, Lawrence Wu Number of employees: 51-100 Funding amount: $188,836,128 Number of funding rounds: 8 Number of investors: 15 You can find their website here
22) ACCIONA Infrastructure, renewable energy, water, and services are all developed and managed by ACCIONA.
Details of the startup:
Country: Spain City: Alcobendas Started in: 1997 Number of employees: 10001+ Funding amount: € 862,000,000 Number of funding rounds: 2 Number of investors: 3 You can find their website here
23) Amber Electric Amber is working to create an electricity future that benefits customers.
Details of the startup:
Country: Australia City: Melbourne Started in: 2017 Founders: Christopher Thompson, Dan Adams Number of employees: 1-10 Funding amount: $32,500,000 Number of funding rounds: 3 Number of investors: 4 You can find their website here
24) Resourcify Resourcify creates and maintains a neutral cloud platform that allows companies to manage their trash and recycling operations online.
Details of the startup:
Country: Germany City: Hamburg Started in: 2015 Founders: Gary Lewis Number of employees: 1-10 Funding amount: € 4,000,000 Number of funding rounds: 2 Number of investors: 3 You can find their website here
25) Freyr Energy Freyr Energy is a full-service solar provider headquartered in Hyderabad, India.
Details of the startup:
Country: India City: Hyderabad Started in: 2014 Founders: Radhika Choudary, Saurabh Marda Number of employees: 11-50 Funding amount: $4,642,064 Number of funding rounds: 4 Number of investors: 4 You can find their website here
26) Power Ledger Power Ledger has created a number of world-class blockchain energy applications, including a peer-to-peer energy trading platform.
Details of the startup:
Country: Australia City: Perth Started in: 2016 Founders: Dave Martin, Jemma Green, Jenni Conroy, John Bulich Number of employees: 11-50 Funding amount: $35,007,383 Number of funding rounds: 2 Number of investors: 6 You can find their website here
27) Zola Electric Zola Electric is a brand of renewable energy.
Details of the startup:
Country: The Netherlands City: Amsterdam Started in: 2012 Founders: Erica Mackey, Joshua Pierce, Xavier Helgesen Number of employees: 251-500 Funding amount: $239,104,000 Number of funding rounds: 12 Number of investors: 26 You can find their website here
28) Magenta Magenta's mission is to enable electric mobility while also ensuring that electricity is clean.
Details of the startup:
Country: India City: Mumbai Started in: 2017 Founders: Darryl Dias, Maxson Lewis Number of employees: 11-50 Funding amount: $15,000,000 Number of funding rounds: 3 Number of investors: 4 You can find their website here
29) Otovo Otovo is a marketplace for installing distributed energy systems. The business is constructing Europe's first home solar power plant.
Details of the startup:
Country: Norway City: Oslo Started in: 2016 Founders: Andreas Bentzen, Andreas Thorsheim, Lars Syse Christiansen, Simen Fure Jorgensen Number of employees: 101-250 Funding amount: $38,906,653 Number of funding rounds: 5 Number of investors: 8 You can find their website here
30) Sunfire Sunfire creates and produces systems for the production of renewable industrial gas and fuels.
Details of the startup:
Country: Germany City: Dresden Started in: 2010 Founders: Carl Berninghausen, Christian Olshausen, Nils Aldag Number of employees: 101-250 Funding amount: € 39,000,000 Number of funding rounds: 5 Number of investors: 9 You can find their website here
31) ZunRoof ZunRoof is a home-tech firm that provides solar rooftop systems with smart and clean energy.
Details of the startup:
Country: India City: Gurgaon Started in: 2016 Founders: Kartik Marwah, Pranesh Chaudhary, Sushant Sachan Number of employees: 51-100 Funding amount: $4,669,234 Number of funding rounds: 6 Number of investors: 9 You can find their website here
32) PHYSEE Technologies PowerWindow is a light-tinted energy-producing window that creates electricity by integrating three different technologies.
Details of the startup:
Country: The Netherlands City: Delft Started in: 2014 Founders: Ferdinand Grapperhaus, Willem Kesteloo Number of employees: 11-50 Funding amount: € 12,233,063 Number of funding rounds: 5 Number of investors: 13 You can find their website here
33) Mainstream Renewable Power Mainstream Renewable Energy specializes in renewable and alternative energy project design and management.
Details of the startup:
Country: Ireland City: Sandyford Started in: 2008 Founders: Eddie Connor Number of employees: 101-250 Funding amount: $1,007,518,037 Number of funding rounds: 6 Number of investors: 9 You can find their website here
34) Terrestrial Energy In the 2020s, sophisticated reactor power facilities based on the Molten Salt Reactor are expected to be deployed.
Details of the startup:
Country: Canada City: Oakville Started in: 2013 Founders: Canon Bryan Number of employees: 11-50 Funding amount: $65,576,237 Number of funding rounds: 8 Number of investors: 1 You can find their website here
35) Bobobox Indonesia Bobobox Indonesia is a start-up capsule hotel.
Details of the startup:
Country: Indonesia City: Bandung Started in: 2017 Founders: Antonius Bong Number of employees: 11-50 Funding amount: $13,000,000 Number of funding rounds: 3 Number of investors: 8 You can find their website here
36) Peak Power Inc Intelligent energy in smart cities is enabled by a software firm.
Details of the startup:
Country: Canada City: Toronto Started in: 2015 Founders: Benson Pei Sen Hu, Derek Lim Soo, Matthew Sachs Number of employees: 11-50 Funding amount: $25,074,753 Number of funding rounds: 8 Number of investors: 12 You can find their website here
37) Thermondo With innovative heat solutions, Thermondo supports the energy transition.
Details of the startup:
Country: Germany City: Berlin Started in: 2012 Founders: Florian Tetzlaff, Kristofer Fichtner, Philipp Pausder Number of employees: 101-250 Funding amount: € 63,300,000 Number of funding rounds: 6 Number of investors: 13 You can find their website here
38) Anaergia Anaergia provides long-term solutions for renewable energy generation and waste to resource conversion.
Details of the startup:
Country: Canada City: Toronto Started in: 2010 Founders: Andrew Benedek Number of employees: 501-1000 Funding amount: CA$53,500,000 Number of funding rounds: 2 Number of investors: 5 You can find their website here
39) NewMotion Provider of electric mobility services
Details of the startup:
Country: The Netherlands City: Amsterdam Started in: 2009 Founders: Alef Arendsen, Ritsaart van Montfrans Number of employees: 51-100 Funding amount: € 13,565,000 Number of funding rounds: 5 Number of investors: 11 You can find their website here
40) Sonnedix Sonnedix Solar is a global power company focused to generating future low-carbon solar energy.
Details of the startup:
Country: France City: Rennes Started in: 2009 Founders: Andreas Mustad, Pablo Pulido Mendoza Number of employees: 51-100 Funding amount: $562,958,154 Number of funding rounds: 3 Number of investors: 2 You can find their website here
41) ubitricity Ubitricity focuses on the development of electric vehicle charging infrastructure.
Details of the startup:
Country: Germany City: Berlin Started in: 2008 Founders: Frank Pawlitschek, Knut Hechtfischer, Lex Hartman Number of employees: 11-50 Funding amount: € 21,800,000 Number of funding rounds: 3 Number of investors: 5 You can find their website here
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42) Heliatek Heliatek designs, manufactures, and markets organic PV solutions for nearly any building surface as a technology leader in organic photovoltaics.
Details of the startup:
Country: Germany City: Dresden Started in: 2006 Founders: Bert Mannig, Karl Leo, Martin Pfeiffer Number of employees: 101-250 Funding amount: $157,004,697 Number of funding rounds: 8 Number of investors: 18 You can find their website here
43) Cleantech Solar Cleantech Solar is a solar developer that invests in, owns, and manages solar PV installations around Asia.
Details of the startup:
Country: Singapore City: Singapore Started in: 2014 Founders: Andrew Jones, Holger Eick, Raju Shukla, Robert Morrice Number of employees: 101-250 Funding amount: $125,000,000 Number of funding rounds: 3 Number of investors: 3 You can find their website here
44) Cartesiam Cartesiam is a startup that uses artificial intelligence to make items smarter, more intuitive, and self-contained.
Details of the startup:
Country: France City: Toulon Started in: 2016 Founders: Francois de Rochebouet, Marc Dupaquier, Michel Rubino Number of employees: 11-50 Funding amount: € 2,500,000 Number of funding rounds: 3 Number of investors: 2 You can find their website here
45) Avaada Energy Avaada Energy is a startup that focuses on clean and renewable energy.
Details of the startup:
Country: India City: New Delhi Started in: 2009 Founders: Vineet Mittal Number of employees: 51-100 Funding amount: $169,000,000 Number of funding rounds: 3 Number of investors: 5 You can find their website here
46) Amp Solar Group Amp Solar Group is a global developer of clean energy infrastructure that is adaptable.
Details of the startup:
Country: Canada City: Port Credit Started in: 2009 Founders: David Rogers Number of employees: 101-250 Funding amount: $527,480,044 Number of funding rounds: 2 Number of investors: 2 You can find their website here
47) TBM Japan TBM is a company that develops, manufactures, and sells LIMEX and LIMEX-related products.
Details of the startup:
Country: Japan City: Tokyo Started in: 2011 Founders: Momo Nakatani, Sakamoto Koji, Sumi Yuichiro, Tetsuya Imamura Number of employees: 11-50 Funding amount: ¥6,680,000,000 Number of funding rounds: 6 Number of investors: 21 You can find their website here
48) MakinaRocks MakinaRocks is an AI-powered industrial/manufacturing company.
Details of the startup:
Country: South Korea City: Seoul Started in: 2017 Founders: Andre Yoon, Jaehyuk Lee, Sangwoo Shim, Yongsub Lim Number of employees: 11-50 Funding amount: $11,522,132 Number of funding rounds: 2 Number of investors: 9 You can find their website here
49) ACWA Power ACWA Power is a power generation and renewable energy developer, investor, co-owner, and operator.
Details of the startup:
Country: Saudi Arabia City: Riyadh Started in: 2004 Number of employees: 1001-5000 Funding amount: $239,000,000 Number of funding rounds: 4 Number of investors: 8 You can find their website here
50) Nova Lumos Solar electricity is available from Nova Lumos to off-grid households and small enterprises.
Details of the startup:
Country: The Netherlands City: Amsterdam Started in: 2012 Founders: Adam Howard, Davidi Vortman Number of employees: 251-500 Funding amount: $137,000,000 Number of funding rounds: 3 Number of investors: 5 You can find their website here
51) Green Hydrogen Systems Electrolysers, according to Green Hydrogen Systems, have a lot of promise to become a core technology in green and renewable energy.
Details of the startup:
Country: Denmark City: Kolding Started in: 2007 Number of employees: 11-50 Funding amount: € 28,000,000 Number of funding rounds: 3 Number of investors: 3 You can find their website here
52) ORBITAL SYSTEMS ORBITAL SYSTEMS is a clean-tech business based in Sweden that is developing a water recycling technology for use in household appliances.
Details of the startup:
Country: Sweden City: Malmö Started in: 2012 Founders: Mehrdad Mahdjoubi Number of employees: 51-100 Funding amount: $46,903,244 Number of funding rounds: 5 Number of investors: 6 You can find their website here
53) Encycle Corporation A lot of Fortune 500 firms benefit from Encycle's services.
Details of the startup:
Country: Canada City: Toronto Started in: 2005 Founders: Mark Kerbel, Roman Kulyk Number of employees: 11-50 Funding amount: $36,386,951 Number of funding rounds: 9 Number of investors: 12 You can find their website here
54) Evergen Smarter energy is made possible with Evergen software.
Details of the startup:
Country: Australia City: Newcastle-AUS Started in: 2015 Founders: Ben Hutt, Nick McGrath Number of employees: 51-100 Funding amount: $11,809,467 Number of funding rounds: 3 Number of investors: 5 You can find their website here
55) Ayana Renewable Power Ayana Renewable Power is a renewable energy platform based in India.
Details of the startup:
Country: India City: Bengaluru Started in: 2017 Number of employees: 11-50 Funding amount: $720,000,000 Number of funding rounds: 2 Number of investors: 3 You can find their website here
56) FREYR In the Norwegian municipalities of Rana and Nesna, FREYR is building a combined 32+2 GWh lithium ion battery complex and a 600 MW onshore wind park.
Details of the startup:
Country: Norway City: Mo I Rana Started in: 2018 Number of employees: 11-50 Funding amount: NOK39,000,000 Number of funding rounds: 2 Number of investors: 2 You can find their website here
57) Husk Power Systems Husk Power Systems installs mini-power plants and designs and provides end-to-end renewable energy solutions.
Details of the startup:
Country: India City: Patna City Started in: 2008 Founders: Chip Ransler, Gyanesh Pandey, Manoj Sinha, Ratnesh Kumar Number of employees: 101-250 Funding amount: $25,625,000 Number of funding rounds: 5 Number of investors: 8 You can find their website here
58) Sprng Energy In India, Sprng Energy is a renewable energy platform.
Details of the startup:
Country: India City: Pune Started in: 2017 Number of employees: 51-100 Funding amount: ₹29,643,000,000 Number of funding rounds: 1 Number of investors: 1 You can find their website here
59) TechMet Limited Securing key metals for the global technology revolution is what TechMet is all about.
Details of the startup:
Country: Malta City: Valletta Started in: 2017 Founders: Brian Menell Number of employees: 11-50 Funding amount: $121,500,000 Number of funding rounds: 4 Number of investors: 6 You can find their website here
60) GreenCom Networks AG GreenCom Networks is a white-label software-as-a-service provider for the utility industry and energy service firms.
Details of the startup:
Country: Germany City: Munich Started in: 2011 Founders: Christian Feisst, Frank Robert, Mathieu Pinson, Olivier Brie, Sébastien Alegret Number of employees: 51-100 Funding amount: € 12,000,000 Number of funding rounds: 5 Number of investors: 7 You can find their website here
61) T3 Mobile Travel Services T3 Mobile Travel Services provides renewable energy-powered car-sharing services.
Details of the startup:
Country: China City: Nanjing Started in: 2019 Number of employees: 251-500 Funding amount: CN¥9,760,000,000 Number of funding rounds: 1 Number of investors: 6 You can find their website here
62) HyperStrong HyperStrong is a Chinese developer of integrated battery management and energy storage solutions.
Details of the startup:
Country: China City: Beijing Started in: 2011 Founders: Hao Qian, Jianhui Zhang, Peng Shu Number of employees: 11-50 Funding amount: $88,842,682 Number of funding rounds: 3 Number of investors: 3 You can find their website here
