
Amid global geopolitical tensions, trade uncertainty and setbacks in climate goals, Export Development Canada’s (EDC) latest cleantech industry report highlights Canada’s leadership in three high-growth sectors: renewable energy, electric vehicles (EVs) and electrification technologies. The report, titled Canada’s cleantech future: Scalable, profitable, essential, underscores the resilience and economic potential of these mature clean technologies, positioning Canada as a vital player in the global energy transition.
“The cleantech landscape is currently being shaped by two competing realities,” says Prerna Sharma, author of the report and senior economist at EDC. “Geopolitical tensions and the urgency of climate action are pulling the energy transition in different directions. Yet, the transition remains economically viable. Clean technologies continue to show strong global growth potential as they are increasingly profitable, low maintenance and well-suited for mainstream adoption. Countries that invest in scalable cleantech will be better positioned to achieve energy security, predictable supply chains and long-term economic growth.”
Canada’s cleantech sector holds significant export potential and strategic relevance in a rapidly evolving global market. The nation leads in renewable energy production, has the critical minerals needed to manufacture EV batteries, and is driving innovation in electrification. These subsectors are mature, scalable and profitable—accounting for 90% of global energy transition investments in 2024 and continuing to attract international interest.
“The growing demand for energy security—particularly from regions such as Europe and the Indo-Pacific—positions Canada to respond thanks to our strong capabilities and our global reputation and expertise in the cleantech sector,” says Guillermo Freire, EDC’s senior vice-president of the Mid-Market Group. “Since 2012, EDC has made cleantech one of its strategic priorities, recognizing its potential to scale Canadian innovation globally. We actively support the scale-up of Canadian cleantech companies, propelling their innovation, and helping them to address key challenges.” To date, EDC has supported nearly $50 billion in cleantech exports, helping companies of all sizes and subsectors achieve success expanding beyond our borders. In 2024 alone, we facilitated $9.7 billion in business activity for 500 Canadian cleantech companies.
Key highlights from EDC’s cleantech report:
For more information, visit EDC.ca.
About EDC
Export Development Canada (EDC is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians.
For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca.
SOURCE Export Development Canada
Media Contact: Media | Export Development Canada, 1-888-222-4065, media@edc.ca
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