NanosTech Named One of Canada's 'Foresight's 50,' Highlighting the Investability of Calgary's Cleantech Ecosystem
CALGARY, Alberta, December 6, 2022 (Newswire.com) - Last week, Foresight, Canada's cleantech accelerator, announced its annual list of the 50 Most Investable Cleantech Ventures. Included within the 2022 cohort is Calgary-based cleantech venture NanosTech. This list celebrates not only the technical merit of start-ups but greenlights companies for future investment, with last year's winners collectively raising over $593 million to propel their clean technology forward.
This accolade is a testament to NanosTech's innovative and adaptive catalyst and nanocatalyst technologies. The company's portfolio includes innovative technologies focused on the energy transition, such as ISUT™, a nanocatalyst technology that enhances today's oil production brownfield processes, including steam-assisted gravity drainage (SAGD), while cutting GHG by over 30%. When producers widely implement this technology, it could ensure Canada is closer to meeting its 2030 GHG reduction goals.
In addition, NanosTech is also targeting the renewable fuels space with its NOVA refining process, which is a catalytic upgrading process to convert heavy oils produced from renewable feedstocks into renewable transportation fuels. This has garnered significant support within the past year, with the company being named winner of the 2021 Inventures' Net-Zero Emissions Energy pitch competition.
Additionally, with NanosTech being one of several local ventures on the list, the award highlights Alberta as an ideal market to develop exciting cleantech technologies. For investors looking to diversify their portfolios, this makes the region a very exciting ecosystem for their dollars. Investors can capitalize on emerging clean technologies while leveraging decades of energy-sector expertise to implement them within the area.
"We are honoured and excited to make Foresight's list of the Top 50 Investable Cleantech Companies this year," says Naomi Pereira, Executive Vice President for NanosTech, who represented the company at Foresight's demo day in Vancouver.
NanosTech hopes to capitalize on this by securing strategic investment to continue propelling its suite of technologies into the market and to form a catalytic hub within Calgary called the CatHub. When successful, this will be a first-of-kind catalyst production and optimization centre within Canada, enabling the creation of countless jobs, intellectual property, and other companies within the country.
"This sets the stage for what we want to accomplish with our CatHub suite of technologies within the coming years," says Pereira when discussing what winning Foresight's competition means to the company.
Source: NanosTech
