Canadian companies are looking to scale up their businesses to supply growing U.S. demand for clean technology as President Joe Biden attempts to push through a slate of aggressive climate-change policies.
Under former president Donald Trump, the U.S. was already experiencing strong growth in low-carbon and zero-carbon technology, driven by increased corporate commitments and the policies of states like California. But Biden’s climate strategy promises to turbocharge that momentum. To meet its ambitious pledge of cutting greenhouse gas emissions in half by 2030, the country will need to ramp up its adoption of cleantech solutions.
Several Canadian cleantech companies have already made significant inroads in the U.S. market. Firms such as CarbonCure Technologies, Hydrostor and Peak Power are expanding their presences south of the border and poised to take advantage of even greater opportunities as the Biden administration pushes for tax breaks, clean procurement, federal spending and financial reforms that promote sustainability throughout corporate supply chains.
Read full article at MaRS