Alberta Cleantech Report 2021:
The State of Cleantech in Alberta

September 22, 2021

The Alberta Cleantech Report 2021, based on research conducted by Foresight Alberta and MaRS Data Catalyst in 2020, provides a snapshot of Alberta cleantech including employment, sectors, customer groups, and founders.

  • Size of the sector remains constant: We identified over 210 pureplay cleantech SMEs in Alberta; 72 responded to the survey. This is a slight decrease in qualified responses since our 2019 report (78) and unchanged from 2017.
  • Employment is expected to grow: Responding cleantech SMEs employed 625 people in Alberta in 2020. Most (85%) expect to hire new employees, an estimated 1,200 new staff in 2021.
  • Urban areas dominate: Nearly 80% of responding ventures are located in and around Calgary , and 20% are located in Edmonton and surrounding areas.
  • Sector is maturing: although nearly half of responding companies were under 5 years old, there are fewer new (less than 2 years old) cleantech ventures in 2021 compared to 2017 and 2019. More are in a growth phase, 2-10 years old, where Technology Readiness Level (TRL) is higher.
  • Energy industry dominates customer markets: Nearly three-quarters of Alberta cleantech companies seek to sell to the oil and gas industry. Nearly half  seek customers in power and utilities, and about one-third in either “other manufacturing”, the agricultural sector, or mining.

Alberta Cleantech Customers and Target Markets 


Energy and carbon focus: While cleantech in Alberta spans a broad range of industrial sectors, SMEs report a focus on energy efficiency and renewables, with a particularly large group focused on Carbon Capture, Utilisation and Storage. The top 5 subsectors are:

  • Energy efficiency (22%)
  • Digitization (14%)
  • Renewable energy production and storage (13%)
  • Sustainable fuel development (13%)
  • CCUS (8%)

Greenhouse gas (GHG) emissions reduction is most common environmental benefit: 58% of cleantech ventures identify reducing GHGs as their primary environmental benefit, followed by water (12%) and resource management and efficiency/recovery (9%).


Who is Leading Alberta Cleantech Ventures?

  • Half of Alberta cleantech ventures (51%) are led by first-time founders
  • 32% of ventures have a founder with a trades background
  • About one-quarter of ventures (28%) have founders who were born outside Canada.
  • 22% of ventures have a female founder, which is above the national average of 15.6% and consistent with the wider Alberta tech sector

We gratefully acknowledge our partners, Canada West Foundation, Delphi Group, and MaRS Discovery District, for their contributions to this report.