Adam Putz June 02, 2017
On June 1, President Donald Trump announced that the US would withdraw from the Paris Climate Agreement, joining war-torn Syria and Nicaragua—which objected on the grounds the deal didn't go far enough—as the only nations not on board with the pact to fight the negative impacts associated with climate change. Tech industry titans Amazon, Apple, Box, Facebook, Google, Microsoft, Salesforce, Tesla, Twitter and Uber almost immediately issued statements decrying the move.
But those companies and their peers also have other means to drive change in the way humans interact with the environment. Among them: writing checks.
US strategic investors have completed 819 deals in the cleantech vertical since the start of 2010, according to the PitchBook Platform. Annual totals held steady between 2010 and 2013, hovering around 110 completed transactions, but that figure then began to shoot up, peaking at 137 deals in 2015. The Paris Climate Agreement was completed that December. Ever since, corporate activity in the cleantech space has been on the decline, falling to 91 deals last year, the lowest total of the decade. This year has brought just 26 completed deals, per the Platform.
So which US corporate acquirers have been most active worldwide in the cleantech space? The top of the list includes some familiar names—and some possible surprises:
1. SunEdison (17)
2. Waste Management (16)
3. Upstate Shredding (9)
T-4. SolarCity (8)
T-4. Schnitzer Steel Industries (8)
T-6. SunPower (7)
T-6. Area Disposal Service (7)
Want more info? PitchBook subscribers can check out the full info on corporate investment activity in the cleantech vertical, including deal counts, transaction sizes and more.