Six Atlantic Canadian cleantech ventures have been named to the 2025 edition of the Foresight 50, an annual exercise to find the most investible cleantech companies in the country.
Calgary-based Foresight Canada, which bills itself as Canada’s largest cleantech innovation and adoption accelerator, released the list of 50 leading Canadian cleantech startups earlier this week. In a report detailing the group, Foresight said it chose the companies based on four criteria: the team; environmental impact; probability of success; and investment readiness.
David Sanguinetti, Interim CEO of Foresight Canada, said in a press release that the 50 companies are Canada’s most de-risked and scalable cleantech investment opportunities.
"These honourees represent some of the most exciting prospects coming out of Canada's cleantech ecosystem,” said Sanguinetti. “Their innovation is actively transforming traditional industries into new strengths, securing economic competitiveness, and creating positive change in our communities and daily lives.”
The organization said this year’s honourees collectively employ more than 770 full-time workers and have raised over $377 million to date. Since it began the Foresight 50 in 2021, the total honorees have raised more than $2.6 billion, the group said.
The Atlantic Canadian companies named to the 2025 list are:
Sydney
Lark Meadow and Deóis Ua Cearnaigh
Aeon Blue’s solution delivers sustainable e-fuels while simultaneously capturing carbon dioxide and generating high-value co-products.
Dartmouth
Brianna Orr Stratton
DeNova offers a novel, sustainable microbial protein called Psomi to the aquafeed market, addressing the instability and environmental limitations of traditional protein sources like fishmeal and soy.
Dartmouth
Benjamin Slotnick
Lillianah has a scalable and affordable solution to remove carbon dioxide from the atmosphere using phytoplankton.
Halifax
Kimberly Gilbert and Andrew Ray
PHathom is pioneering a new approach to carbon removal by capturing carbon dioxide from coastal biomass power plants, converting it into stable bicarbonate and storing it safely in the ocean for tens of thousands of years.
Fredricton
Xavier Hébert-Couturier, Levesque, Maxime Dumont, and Zachary Andersen
Picketa has developed an on-site crop nutrient assessment solution called the Leaf Evaluated-Nutrient System, or LENS. It allows agriculturalists to save about 50 percent on their fertilizer costs while reducing about the same scale of carbon emissions.
Peter Vinall
Halifax
Sustane has developed a process of turning the least recyclable plastics into ‘drop-in’ feedstock for plastic production.
