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How Green Tech Startups Are the Future of the Technology Industry

24 Jul 09:00 by Green Energy

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The technology industry has long been one of the fastest growing and successful in modern times, with £9.2 billion of investment going to regional businesses in 2016. It is also undoubtedly one of the most progressive industries, and many of the workers are highly skilled in their areas of expertise. 

Startups in the green technology sector are some of the most innovative and ground breaking, constantly finding ways to improve and modernise various systems in the UK and bring about positive change in society. Here are some of the reasons they are the future of the technology industry as a whole.

Environmental Impact 

Global warming and the environment have been at the forefront of the issues facing humanity, and as a result companies across the UK have been encouraged to go green in an effort to help curb the changes to the climate. As a result, more companies will be overhauling their existing systems to become greener, increasing demand for green technology.

Investing in technology which helps make a positive environmental impact and reduce the company’s carbon footprint is one of the best ways to present a modern and progressive image, and this is likely to trickle down to green tech startups who provide the technology to do this.

Green Energy

The green tech sector is also responsible for producing the cutting edge means to create green energy, such as manufacturing/maintaining wind turbines. This is one of the fastest growing sectors, given that demand around the world for renewable energy sources is constantly growing.

Climate change is, after all, a global issue, and so green tech startups are pioneering the way for green solutions to environmental problems. It is likely, then, that green energy will become the cheapest and most efficient means of powering businesses across the world.

Success Stories

Innovation is rich in the sector, and it has attracted ambitious and skilled entrepreneurs who are exceptionally creative in their business models/plans. Pavegen, for instance, is a green tech startup which has created a smart flooring solution, which has the ability to convert footsteps into electricity.

Hybrid Air Vehicles is another startup which is set for great success, having pioneered hybrid airships which are designed to fly for longer using lighter-than-air technology. It is easy to see why exciting companies like these are taking off as a result of their innovation.

Lower Costs

Green energy is likely to be cheaper than fossil fuel energy as non-renewable resources begin to run dry. As a result, those companies that have built their infrastructure around green energy can be sure that they will reap the rewards when the world is powered solely by renewables.

It is easy to envisage a future where companies are self-powered, using their own wind turbines and solar panels to generate all the energy they need, reducing the cost of bills and promoting self-sufficiency. It is the green tech startups which will provide the means to do this, resulting in greater investment and opportunity for them.

Investment

The green technology sector’s promising future is already attracting may investors, with a large number of startups using crowdfunding sites/seeking angel investment to get funding. There will no doubt be numerous further opportunities to invest in these companies online through methods like CFD trading as they grow and develop.

There are also government schemes and grants available in many countries, which are specifically aimed at startups in the green technology sector.

Green tech startups are leading the way in the technology sector, and the future promises more innovation and success. As more and more of the startups grow into bigger and more capable companies, their influence will reach out further and continue to revolutionise the current economic and environmental landscape. 


Luke Hatkinson-Kent worked as a Financial Analyst in London after graduating in Economics from the University of Manchester. 
Taking this experience and mixing in his passion for journalism, Luke has gone on to work for himself, writing Freelance financial news pieces.
He has produced detailed reports on stock market movements as well as financial current affairs articles for a number of high profile online publications. 
You can contact Luke on Luke.HatkinsonKent1@gmail.com.