New survey shows cleantech firms plan to expand in 2020 despite COVID-19 setbacks


A recent survey by Hyperion Executive Search, a talent acquisition company that works with clean energy and e-mobility, found that despite COVID-19, most cleantech companies plan to expand in 2020. 61% of the surveyed cleantech firms report that revenues will still be as expected or better and 75% still expect to see growth this year.

More than 60 CEO’s and founders in the cleantech industry were surveyed by the company. 65% of the surveyed companies expect to grow their teams and recruit in the next six months and only 5% expect to reduce employee numbers.

Most respondents stated that there had been only a minor practical impact on their business by working from home and other logistical changes within the workplace.

However, cleantech leaders indicated that investor confidence has been impacted by COVID-19, with 86% stating that investor confidence has reduced overall, but they remain optimistic.

85% of respondents stated that they are ‘very confident’ that the post-COVID-19 economic recovery will be led by a green revolution utilizing cleantech, renewables and e-mobility.

“Despite the challenges and losses in revenue this year, it’s hugely encouraging to see that cleantech CEO’s and founders are continuing to drive forward their businesses, adapting plans and pushing ahead with building their teams,” said Hyperion Executive Search CEO David Hunt.

“The survey responses were consistent with what CEO’s and founders have shared with me in discussions for the Leaders in Cleantech podcast,” Hunt added.

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