China speeds up in Global Cleantech 100 list

(ADPnews) - Oct 18, 2010 - The US, led by California, remains home to most of the companies in the top 100 of the most promising private clean technology companies in the world, but China is gathering speed, according to the 2010 Global Cleantech 100 list unveiled last week by research and advisory firm Cleantech Group.

Asia is no longer considered a low manufacturing center, or an end market for technology deployment, the Cleantech Group said. China had no companies in the Global Cleantech 100 list last year, but it has four companies in the 2010 ranking and the number is expected to shoot up in the coming years.

“There have been significant changes since 2009: more Asian companies and less renewable energy generation companies attest to the growing diversification of cleantech innovation, ” said Richard Youngman, managing director, Europe & vice president, Global Research at Cleantech Group.

China had three of the top 10 global wind turbine makers in 2010 ranking, a significant share of the global solar market and rising government support. The Asian country spent USD 34.6 billion last year to propel its low-carbon economy, more than any other nation and almost double what the US invested.

The selected companies in the Global Cleantech 100 are the most likely to make the significant market impact over the next 5-10 years, in the eyes of the world’s cleantech experts.

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