General Fusion, Eavor Top Time's GreenTech Companies List

Two Canadian companies took the top two spots on Time Magazine's second-annual Top GreenTech Companies list, released Tuesday with data firm Statista. Vancouver-based General Fusion scored 96.68, and Calgary-based Eavor scored 96.37 out of a possible 100. The ranking covers 250 companies whittled from more than 8,300 applicants, evaluated on environmental impact, innovation, and financial strength.

General Fusion is working on commercial fusion energy – still theoretical but promising carbon-free baseload power. CEO Greg Twinney told BetaKit in May that many believe the world will eventually run on fusion. The company announced earlier this year it will go public on the NASDAQ stock exchange. Twinney speculated last month a fusion power plant could be operating by 2035.

Eavor's technology is already deployed. The company uses a closed-loop geothermal system it calls Eavor-Loop. It has drawn investment from the Canada Growth Fund to fund its first commercial plant in Geretsried, Germany. In December, Eavor said it began delivering power to the German grid from that facility.

Three other Canadian companies made the list: Brookfield Renewable Partners ranked 25th, Hydrostor placed 71st, and Carbon Upcycling came in 138th.

The ranking comes as renewable energy plays a growing role in electricity generation, driven in part by surging demand from data centres. JP Morgan noted that trend in a recent report on power markets. For investors, the list highlights a shift in institutional focus toward companies with both environmental impact and financial viability. General Fusion's upcoming NASDAQ listing will offer a rare public-market play on fusion, while Eavor's operational plant provides a de-risked geothermal alternative.