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Estonian Cleantech Association founded to boost the development of the sector

On May 7th, 2024 The Estonian Cleantech Association was founded in Tallinn. Sixteen companies and VC funds have already joined the association. Photo: Estonian Cleantech Association

The Estonian Cleantech Association was founded on 7 May 2024 in Tallinn. The new business association unites, supports and represents cleantech companies engaged in the development, commercialization, usage, financing and other ways of supporting products, services and processes that save the environment and climate. 

“The future success of Estonia’s economy depends on smart and sustainable companies. We already have a considerable number of internationally competitive cleantech companies that make a significant contribution to the Estonian economy. The association will allow us to join forces to further boost the sector’s development,” explained Kädi Ristkok, CEO of the Estonian Cleantech Association, why the association is needed.

The association aims to increase the success of cleantech companies, enhance the development of a sustainable economy and reduce the negative impacts of the economy on the environment and climate.

At the association’s launch event, President Kersti Kaljulaid shared that although not enough has been done in the Estonian legal space to support the development of clean technologies, we already have many successful players. She expressed hope that more cleantech companies will arise in the upcoming years.

“The future success of Estonia’s economy depends on smart and sustainable companies.” 
Kädi Ristkok, CEO of the Estonian Cleantech Association

The President was followed by a speech by Keit Kasemets, Secretary General of the Ministry of Climate of Estonia, who, among other things, touched on the ongoing work on the draft Climate Law, which will provide crucial support to cleantech companies.

Sixteen members have already joined with the association: Bisly, Bugbox, Esgrid, Funki, Gelatex, GreenDice, KappaZeta, Reedest, Skycorp Technologies, Sustaxo, Sunly, Sunly Future Ventures, UP Catalyst, Vok Bikes, Zero Terrain/Energiasalv and 2C Ventures.

Estonian Cleantech Association grew out of the activities of the non-profit Cleantech Estonia. Cleantech Estonia operated from 2016 to 2024, supporting the development of the cleantech sector in Estonia from its early stages. Establishing the business association is necessary in the current phase of rapid development of the cleantech sector to overcome the challenges of cooperation and ensure the sector’s growth.

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