Cleantech
Coined in the early 2000s, cleantech refers to technologies and business models designed to reduce costs, minimise energy consumption, and use fewer materials, all while improving products or services. This term, popularised in the financial and business communities, spans diverse industries such as energy, agriculture, manufacturing and transportation. The key differentiator between cleantech and other terms is in the context where the term stems from – cleantech originates in the environmental movements in the United States during the 1970s when viable business models for clean technology were lacking.
Measurable.energy and Circulor are two examples of cleantech businesses that Digital Catapult has supported through our targeted innovation initiatives. Measurable.energy uses machine learning to eliminate waste energy in buildings, minimising unnecessary CO2 emissions and reducing electricity bills, while Circulor utilises distributed ledger technologies to monitor and track the origin of raw materials and CO2 emissions in supply chains.