A top cleantech stock for high-growth potential
Lastly on the list is a cleantech stock, Greenlane Renewables (TSX:GRN). While there other two stocks generate power from clean sources, one of the most popular and crucial subsectors of the renewable industry, another vital industry will be cleantech.
Cleantech is an industry with a tonne of potential, especially considering a lot more needs to be done to slow down and eventually reverse the effects of climate change. So, companies like Greenlane, which help to collect biogases and prevent them from escaping into the environment, can also then purify and upgrade these gases to create renewable natural gas.
From there, renewable natural gas can be substituted for regular natural gas and used to heat our homes, power vehicles, or even create electricity. Cleantech has so much potential that it’s estimated that the demand for biogas upgrading is expected to grow at a CAGR of 30% over the next five years in North America and Europe.
So, if you’re looking for a high-quality green energy stock to buy and hold long term, a cleantech stock like Greenlane offers investors some of the best potential today.