The UK’s Guardian newspaper published their top 10 list of hottest cleantech companies in Europe, and what a mix!
Companies profiled include those involved in:
- Solar power;
- Electrical systems;
- Marine power;
- Industrial applications; and
- Distribution and management
Of the ten companies, eight are shipping product, and the other two are either in testing or development, but the technology is promising enough to warrant inclusion into the 2008 Guardian/Library House Cleantech 100’s top 10.
How were the Cleantech 100 and the Cleantech 100’s top 10 chosen? An initial list of 200 companies was chosen by using Library House’s cleantech database using indicators including each company’s capital history, positive news stories, size of management team, and an internal analyst selection to make sure companies were credible. Since investment-only companies were excluded, this ensured that the list was not weighted towards venture capital investments.
An advisory board was then invited to nominate other companies that were not on the list (provided that at least half the nominees were companies to which board members had no affiliation). Advisory board members then assessed this list against fairly broad criteria: environmental impact and future growth prospects. This assessment created a list of 100, and then top vote getters were put forward for inclusion into the top 10.
While companies on these lists are not household names (yet), many of the companies included in both lists have that potential.