China Holds Six of Top Ten Clean Tech Companies, Report Says

by Green Jobs Ready on October 13, 2010

American citizens seeking jobs in green industries, such as solar, wind, or alternative energy solutions, may be surprised to learn that six out of the ten top clean tech companies in the world are based in China, according to a recent report from market research firm Clean Edge.

Released this month, the report, entitled “Clean Tech Job Trends 2010,” details several variables of green industry worldwide. It divides these companies into four categories: Energy, such as wind and solar power generation; Materials, which includes materials for green construction and green businesses; Water, which targets water capture and recovery; and finally Transport, of which the electric vehicles market is a major component.

According to the British newspaper The Independent, companies that fell into the above four categories were then sorted by their annual reports as well as their second quarter financial filings. Amongst the various findings, one with significant impact on the international environmental community and green industry was the revelation that a majority of these top ten clean tech employees are located in China.

However, although six of the ten firms are based in China, the remaining four are split equally between Europe and the United States. The number one clean tech company according to the report is Vesta Wind Systems, located in Randers, Denmark, an enterprise devoted to deriving clean energy from wind resources. Vesta Wind Systems also employs the most green industry professionals, with a total of 20,730 employees included in the report.

The two United States clean tech companies that made the top ten list are Itron and Baldor Electric Company. Itron, which claims the fourth place on the list, is located in Washington and is home to 9,000 employees that focus on smart grid technology. The state of Arizona is home to Baldor Electric Company, which ranked seventh and employs 7,250 green industry professionals in the field of electric motors.

The study is of apparent interest to California voters, who are considering Proposition 23 and AB 32 in November’s upcoming gubernatorial election. Proposition 23 advocates eliminating current greenhouse gas regulations in the state, which has been a widely unpopular suggestion, but one that has also been construed as a job-saving measure by some. A recent controversial study from Sacramento State University has suggested a negative impact on the state should Proposition 23 be defeated.

The top ten clean tech companies, according to Clean Edge’s recent report, are listed below in the order they appear in the report:

  1. Vesta Wind Systems, Randers, Denmark.
  2. LDK Solar, Xinyu, China.
  3. Suntech Power Holdings, Wuxi, China.
  4. Itron, Washington, USA.
  5. China BAK Battery, Shenzhen, China.
  6. Trina Solar, Changzhou, China.
  7. Baldor Electric Company, Arizona, USA.
  8. Gamesa Co. Technologica, Vitoria, Spain.
  9. Neo-Neon Holdings, Hong Kong.
  10. Yingli Green Energy, Baoding, China.

For more information about Clean Edge’s report, please visit: http://www.independent.co.uk/environment/want-a-green-job-move-to-china-2104167.html

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