[Ranking] TOP 25 Waste-to-Energy / Utilities Companies Q3/2023
Intro
Waste-to-Energy is a critical sub-industry within the Utilities sector that plays a significant role in the worldwide economy. With the increasing demand for sustainable energy solutions and the growing concerns over waste management, Waste-to-Energy has emerged as a key player in addressing these global challenges.
The influence of the Waste-to-Energy industry extends far beyond its immediate sector. By efficiently converting waste into valuable energy sources, this sub-industry contributes to environmental sustainability, reduces greenhouse gas emissions, and promotes resource efficiency. Moreover, the ripple effects of Waste-to-Energy solutions can be seen in diverse sectors, including manufacturing, agriculture, transportation, and more.
The economic magnitude of the Waste-to-Energy industry is on an upward trajectory. As countries worldwide seek to transition to a low-carbon economy and reduce reliance on fossil fuels, the demand for sustainable energy solutions continues to grow. This has created lucrative opportunities for companies operating in the Waste-to-Energy sector, driving innovation, and attracting significant investments.
Recent trends in the Waste-to-Energy industry have been shaping its landscape. Breakthroughs in technology have enabled more efficient waste conversion processes, leading to higher energy yields and reduced environmental impact. However, the industry also faces obstacles, such as the need for stringent waste management regulations, public perception challenges, and the integration of renewable energy sources into existing infrastructure.
The Waste-to-Energy industry is constantly evolving, driven by the need for sustainable energy solutions and waste management strategies. This ever-changing landscape creates a dynamic environment for exploration and innovation. In this article, we will delve into the top companies within the Waste-to-Energy sub-industry, highlighting their contributions, achievements, and the future outlook for this vital sector.
Ranking
#25 Enerkem Inc.
Employees: 0.1K
Revenue: 50M$
Website: https://www.enerkem.com
Description: Enerkem Inc. is a waste-to-energy company headquartered in Montreal, Canada. Founded in 2000, the company specializes in converting non-recyclable municipal solid waste into biofuels and renewable chemicals. Enerkem's innovative technology uses a thermochemical process to break down waste into syngas, which is then converted into biofuels like ethanol and methanol, as well as various chemical intermediates. The company's waste-to-energy solution helps divert waste from landfills and reduce greenhouse gas emissions, making it a sustainable alternative to traditional waste management methods. With a team of approximately 100 employees, Enerkem has established itself as a leader in the waste-to-energy industry, contributing to the development of a circular economy and the transition to a more sustainable future.
#24 Keppel Seghers Engineering Singapore Pte Ltd
Employees: 0.3K
Revenue: 50M$
Website: https://www.keppelseghers.com
Description: Keppel Seghers Engineering Singapore Pte Ltd, headquartered in Singapore, is a leading company in the Waste-to-Energy industry. Established in 1996, the company has been at the forefront of developing innovative solutions to convert waste into clean and sustainable energy. With a workforce of approximately 300 employees, Keppel Seghers Engineering Singapore Pte Ltd provides comprehensive engineering, procurement, and construction services for waste-to-energy projects across Asia. The company's expertise includes the design and construction of incineration plants, gasification systems, and biomass power plants. Keppel Seghers Engineering Singapore Pte Ltd has achieved significant success in the industry and continues to contribute to the global shift towards a circular economy by transforming waste into valuable energy resources.
#23 Energos AS
Employees: 0.2K
Revenue: 150M$
Website: https://energos.com
Description: Energos AS is a waste-to-energy company operating in the Utilities industry. Headquartered in Oslo, Norway, the company was founded in 1992. With approximately 200 employees, Energos specializes in converting municipal solid waste into renewable energy through advanced thermal treatment technology. The company's waste-to-energy facilities utilize gasification and combustion processes to generate electricity and heat, reducing the environmental impact of waste disposal while providing sustainable energy solutions. Energos has a strong focus on innovation and sustainable waste management, contributing to the circular economy and reducing greenhouse gas emissions. With annual revenue of 150 million dollars, Energos aims to expand its operations globally and promote the transition to a more environmentally friendly and resource-efficient society.
#22 Wheelabrator Technologies Inc.
Employees: 1K
Revenue: 500M$
Website: https://www.wtienergy.com
Description: Wheelabrator Technologies Inc. is a leading waste-to-energy company operating in the Utilities industry. Headquartered in Portsmouth, United States, the company was founded in 1973. With a workforce of approximately 1,000 employees, Wheelabrator Technologies specializes in converting waste into clean, renewable energy through advanced waste-to-energy technologies. The company's revenue is estimated to be around 500 million dollars. Wheelabrator Technologies is committed to sustainable waste management solutions, providing environmentally friendly alternatives to traditional waste disposal methods. Through their waste-to-energy facilities, Wheelabrator Technologies contributes to the reduction of greenhouse gas emissions and the generation of clean electricity for communities across North America.
#21 Cory Environmental Holdings Limited
Employees: 1.5K
Revenue: 800M$
Website: https://www.coryenergy.com
Description: Cory Environmental Holdings Limited, headquartered in London, United Kingdom, is a leading player in the Waste-to-Energy industry. With a history dating back to 1896, the company has established itself as a pioneer in sustainable waste management solutions. Cory Environmental Holdings operates a range of waste treatment facilities and recycling centers, offering comprehensive waste management services to both public and private sector clients. The company's expertise in waste-to-energy conversion enables it to generate renewable energy from waste materials, reducing reliance on fossil fuels and contributing to a greener future. With a workforce of approximately 1.5K employees, Cory Environmental Holdings is committed to providing efficient and environmentally responsible waste management solutions to support a circular economy.
#20 TIRU
Employees: 1.5K
Revenue: 800M$
Website: https://www.tiru.com
Description: TIRU is a leading company in the Waste-to-Energy industry, specializing in the conversion of waste into renewable energy. Headquartered in Paris, France, TIRU has been in operation since 1922. With a workforce of approximately 1.5 thousand employees, the company is dedicated to providing sustainable solutions for waste management and energy production. TIRU operates numerous waste-to-energy facilities across Europe, utilizing innovative technologies to convert municipal solid waste into electricity and heat. The company's annual revenue stands at around 800 million US dollars, reflecting its strong presence and success in the utilities sector.
#19 Constructions Industrielles De La Méditerranée
Employees: 2.5K
Revenue: 1.2B$
Website: https://www.cnim.com/
Description: Constructions Industrielles De La Méditerranée (CNIM) is a leading company in the Waste-to-Energy industry in France. Headquartered in Marseille, CNIM specializes in designing, building, and operating waste treatment and recovery plants that generate energy. With a strong focus on sustainability and environmental responsibility, CNIM's innovative solutions contribute to reducing landfill waste and promoting the circular economy. The company was founded in 1984 and has grown to employ approximately 2,500 professionals across its operations. CNIM's annual revenue is estimated at 1.2 billion US dollars, making it a significant player in the Utilities sector.
#18 Evoqua Water Technologies Corp.
Employees: 4.5K
Revenue: 1.2B$
Website: https://www.evoqua.com
Description: Evoqua Water Technologies Corp, headquartered in Pittsburgh, United States, is a leading company in the Waste-to-Energy industry. Founded in 1914, Evoqua specializes in providing innovative water and wastewater treatment solutions to various industries, including utilities. With a workforce of approximately 4.5 thousand employees, the company is committed to helping customers meet their water and environmental sustainability goals. Evoqua offers a wide range of products and services, such as anaerobic digestion systems, thermal hydrolysis systems, and biogas upgrading systems, that enable the conversion of waste materials into renewable energy sources. The company's dedication to sustainable practices and cutting-edge technologies has positioned it as a key player in the Waste-to-Energy sector, supporting the transition to a more environmentally friendly and resource-efficient future.
#17 Hitachi Zosen Corporation
Employees: 4.5K
Revenue: 1.2B$
Website: https://www.hitachizosen.co.jp/english/
Description: Headquartered in Osaka, Japan, Hitachi Zosen Corporation is a leading company in the Waste-to-Energy industry. With over 4.5K employees, the company provides innovative solutions for converting waste into energy, thereby promoting environmental sustainability. Founded in 1881, Hitachi Zosen Corporation has a long history of expertise in waste treatment and resource recycling technologies. The company operates advanced waste incineration plants that generate electricity and heat from various types of waste materials. By maximizing the value of waste through energy recovery, Hitachi Zosen Corporation contributes to the reduction of greenhouse gas emissions and the conservation of natural resources. With a revenue of 1.2B$, the company continues to expand its presence in the Waste-to-Energy sector, offering cutting-edge solutions for waste management and renewable energy generation.
#16 Babcock & Wilcox Enterprises, Inc.
Employees: 2K
Revenue: 1.2B$
Website: https://www.babcock.com
Description: Babcock & Wilcox Enterprises, Inc., headquartered in Akron, United States, is a leading player in the Waste-to-Energy industry. With a history dating back to 1867, the company has established itself as a pioneer in providing sustainable solutions for converting waste into energy. They offer a range of innovative technologies and services that enable the efficient and environmentally-friendly conversion of various waste streams into electricity and heat. Babcock & Wilcox Enterprises serves a wide range of customers, including waste management companies, municipalities, and industrial facilities. Through their cutting-edge solutions, the company contributes to reducing landfill waste, lowering greenhouse gas emissions, and promoting a circular economy.
#15 Abengoa SA
Employees: 19.7K
Revenue: 1.5B$
Website: https://www.abengoa.com
Description: Abengoa SA, headquartered in Seville, Spain, is a leading company in the Waste-to-Energy industry within the Utilities sector. Founded in 1941, Abengoa specializes in the development and operation of innovative waste-to-energy projects that convert various types of waste into valuable resources, such as electricity and heat. With a workforce of approximately 19.7 thousand employees, Abengoa is committed to promoting sustainable and efficient waste management solutions that contribute to a cleaner environment and the reduction of greenhouse gas emissions. The company's revenue for the latest fiscal year amounted to 1.5 billion U.S. dollars, demonstrating its strong presence and success in the Waste-to-Energy sector.
#14 Covanta Energy Corporation
Employees: 4K
Revenue: 1.8B$
Website: https://www.covanta.com
Description: Covanta Energy Corporation, headquartered in Morristown, United States, is a leading player in the Waste-to-Energy industry. Since its founding in 1989, the company has been at the forefront of converting waste into clean, renewable energy. Covanta operates numerous waste-to-energy plants across North America, providing sustainable solutions for waste management while generating electricity. With a dedicated workforce of approximately 4,000 employees, the company is committed to reducing the environmental impact of waste disposal. Covanta has achieved significant revenue growth, with annual revenues reaching 1.8 billion dollars. Through its innovative and efficient approach, Covanta continues to contribute to the development of the Utilities industry by transforming waste into valuable energy resources.
#13 Covanta Holding Corporation
Employees: 4.5K
Revenue: 1.8B$
Website: https://www.covanta.com
Description: Covanta Holding Corporation, headquartered in Morristown, United States, is a leading Waste-to-Energy company operating in the Utilities industry. Founded in 1983, the company employs approximately 4.5 thousand employees worldwide. With an annual revenue of 1.8 billion dollars, Covanta specializes in converting municipal solid waste into clean energy solutions. They operate a network of Energy-from-Waste (EfW) facilities that use modern combustion technology to generate electricity and heat. Covanta's sustainable waste management practices help reduce greenhouse gas emissions and provide a reliable source of renewable energy. Through their innovative approach, the company aims to contribute to a more sustainable and circular economy.
#12 Advanced Disposal Services, Inc.
Employees: 10K
Revenue: 2B$
Website: https://www.advanceddisposal.com/
Description: Advanced Disposal Services, Inc. is a waste management company operating in the Waste-to-Energy industry. Headquartered in Ponte Vedra, United States, the company was founded in 2000. With approximately 10,000 employees, Advanced Disposal Services specializes in providing innovative waste disposal solutions that promote sustainability and environmental responsibility. The company offers a range of waste management services, including collection, recycling, and landfill operations. Advanced Disposal Services is committed to converting waste into energy through advanced technologies, contributing to the development of renewable energy sources and reducing the reliance on fossil fuels. With an annual revenue of 2 billion dollars, the company continues to expand its presence in the utilities sector, driving positive change in the waste management industry.
#11 China Everbright International Limited
Employees: 3.5K
Revenue: 3.2B$
Website: https://www.ebchinaintl.com
Description: China Everbright International Limited, headquartered in Hong Kong, is a leading company in the Waste-to-Energy industry. Founded in 1993, the company has established itself as a major player in the renewable energy sector. With a workforce of approximately 3,500 employees, China Everbright International Limited is committed to developing and operating waste-to-energy projects that contribute to sustainable development. The company's revenue stands at 3.2 billion dollars, reflecting its strong market position and successful business operations. Through its innovative solutions and advanced technologies, China Everbright International Limited plays a crucial role in the utilities sector, promoting a greener and more efficient approach to waste management and energy production.
#10 Sembcorp Industries Ltd
Employees: 7.6K
Revenue: 4.2B$
Website: https://www.sembcorp.com
Description: Sembcorp Industries Ltd, based in Singapore, is a leading player in the Waste-to-Energy industry. The company was founded in 1998 and currently employs approximately 7,600 people. With a revenue of 4.2 billion USD, Sembcorp Industries specializes in converting waste into usable energy, contributing to sustainable development and reducing environmental impact. Their waste-to-energy plants utilize advanced technologies to process and convert various types of waste, including municipal solid waste, into electricity, steam, and other valuable resources. Sembcorp Industries' commitment to innovation and sustainable practices has positioned them as a key player in the Utilities sector, specifically in the Waste-to-Energy segment.
#9 A2A SpA
Employees: 11K
Revenue: 4.8B$
Website: https://www.a2a.eu/en
Description: A2A SpA is a leading Waste-to-Energy company operating in the Utilities industry. Headquartered in Brescia, Italy, A2A was founded in 1908. With a workforce of 11,000 employees, the company generates an estimated revenue of 4.8 billion US dollars. A2A specializes in converting waste materials into renewable energy sources, reducing the environmental impact of waste disposal while also providing a sustainable energy solution. Through their innovative waste-to-energy processes and technologies, A2A contributes to the circular economy by minimizing waste and generating electricity and heat from non-recyclable materials. The company is committed to environmental sustainability and plays a significant role in the transition towards a greener and more sustainable future.
#8 Waste Connections, Inc.
Employees: 20K
Revenue: 5B$
Website: https://www.wasteconnections.com
Description: Waste Connections, Inc. is a leading waste management company in the Waste-to-Energy industry. Headquartered in The Woodlands, United States, the company operates primarily in North America. Founded in 1997, Waste Connections has grown to become a major player in the industry, employing approximately 20,000 employees. The company generates an annual revenue of 5 billion dollars. Waste Connections focuses on providing sustainable waste management solutions, with a particular emphasis on waste-to-energy technologies. Through its operations, the company converts waste into renewable energy sources, contributing to the reduction of landfill waste and the promotion of a cleaner environment.
#7 Wärtsilä Corporation
Employees: 18K
Revenue: 5.2B$
Website: https://www.wartsila.com/
Description: Wärtsilä Corporation, headquartered in Helsinki, Finland, is a leading player in the Waste-to-Energy industry within the Utilities sector. With a history dating back to 1834, Wärtsilä has established itself as a trusted provider of sustainable solutions for converting waste into usable energy. The company's comprehensive portfolio includes advanced technologies and systems for waste treatment, energy recovery, and power generation. With a workforce of approximately 18,000 employees, Wärtsilä is committed to driving the transition towards a circular economy by enabling the efficient utilization of waste resources. In 2020, the company generated a revenue of approximately 5.2 billion U.S. dollars.
#6 Republic Services, Inc.
Employees: 36K
Revenue: 10B$
Website: https://www.republicservices.com
Description: Republic Services, Inc. is a waste management company headquartered in Phoenix, United States. Founded in 1998, the company operates in the Waste-to-Energy sector within the Utilities industry. With approximately 36,000 employees, Republic Services provides comprehensive waste and environmental services to residential, commercial, and industrial customers across North America. The company's activities include waste collection, recycling, transfer, and disposal services. Republic Services is committed to sustainability and invests in advanced technologies to convert waste into renewable energy through its Waste-to-Energy initiatives. With revenues of 10 billion dollars, Republic Services is a leading player in the waste management sector, contributing to a cleaner and more sustainable future.
#5 Xcel Energy Inc.
Employees: 11.5K
Revenue: 12.1B$
Website: https://www.xcelenergy.com
Description: Xcel Energy Inc., headquartered in Minneapolis, United States, is a leading player in the Waste-to-Energy industry. With a history dating back to 1909, Xcel Energy has established itself as a prominent utility company specializing in the conversion of waste to energy. The company operates a range of waste-to-energy facilities, employing advanced technologies to efficiently convert waste materials into usable energy sources. Xcel Energy's commitment to sustainability and environmental stewardship has positioned it as a key player in the utilities sector, contributing to the transition towards cleaner energy solutions. With approximately 11.5 thousand employees, Xcel Energy generates an annual revenue of 12.1 billion dollars, further solidifying its position as a major player in the Waste-to-Energy industry.
#4 Waste Management, Inc.
Employees: 43K
Revenue: 15.2B$
Website: https://www.wm.com
Description: Waste Management, Inc. is a waste-to-energy company headquartered in Houston, United States. Founded in 1971, the company operates in the Utilities industry. With a workforce of approximately 43,000 employees, Waste Management is a leader in converting waste into renewable energy. The company specializes in collecting, processing, and disposing of waste materials, while also generating energy from non-recyclable waste through its waste-to-energy facilities. Waste Management is committed to sustainability and environmental conservation, providing innovative waste management solutions and promoting the transition to a circular economy. With a revenue of 15.2 billion dollars, Waste Management continues to drive the transformation of waste into valuable resources.
#3 Suez
Employees: 80K
Revenue: 18B$
Website: https://www.suez.com
Description: Suez, headquartered in Courbevoie, France, is a prominent player in the Waste-to-Energy industry. With a rich history dating back to 1858, the company has established itself as a leader in providing sustainable solutions for waste management and energy production. Suez operates across Europe and other continents, offering a wide range of services including waste collection, recycling, and the conversion of waste into renewable energy. Their innovative approach combines cutting-edge technologies with environmental expertise to help communities and businesses transition towards a circular economy. With a workforce of 80,000 employees, Suez generates an impressive revenue of 18 billion dollars, showcasing their significant presence and success in the Utilities industry.
#2 Veolia Environnement SA
Employees: 180K
Revenue: 27B$
Website: https://www.veolia.com
Description: Veolia Environnement SA is a leading company in the Waste-to-Energy industry. Headquartered in Paris, France, Veolia operates in Europe and provides innovative solutions for waste management and energy production. With a rich history dating back to 1853, the company has established itself as a key player in the utilities sector. Veolia employs approximately 180,000 people worldwide, who are dedicated to delivering sustainable waste management practices and generating renewable energy from waste. The company's annual revenue amounts to 27 billion US dollars, reflecting its strong position in the market. Through its waste-to-energy initiatives, Veolia contributes to a more circular economy and a greener future.
#1 Linde AG
Employees: 80K
Revenue: 28B$
Website: https://www.linde.com
Description: Linde AG is a leading global supplier of industrial gases and engineering solutions. In the Waste-to-Energy industry, Linde AG offers a range of services and technologies to support the conversion of waste into usable energy. With a strong focus on sustainability and resource efficiency, Linde AG provides innovative solutions for waste treatment and energy recovery. The company's expertise in gas technologies and process engineering enables the efficient and environmentally friendly conversion of waste materials into valuable energy sources. Through its comprehensive portfolio of products and services, Linde AG plays a vital role in the Utilities sector, contributing to the development of sustainable waste management solutions.
Summary
The waste-to-energy sub-industry within the Utilities sector has witnessed significant growth in recent years, with several companies emerging as leaders in this field. These companies have achieved impressive rankings and have made significant accomplishments in the waste-to-energy sector.
One unexpected finding during the investigation is the increasing global demand for waste-to-energy solutions. As countries strive to reduce their carbon footprint and find sustainable energy sources, waste-to-energy has emerged as a viable solution. This has created a favorable market for companies operating in this sector.
Among the premier companies in the waste-to-energy sub-industry are Company A, Company B, and Company C. These companies have demonstrated exceptional performance and have established themselves as leaders in this sector.
Shared elements that drive the prosperity of these leading firms include innovative technologies, strong partnerships with waste management companies, and effective government policies that incentivize the adoption of waste-to-energy solutions. These companies have also invested heavily in research and development to improve the efficiency and sustainability of their waste-to-energy processes.
What sets these eminent companies apart from their industry rivals is their commitment to sustainability and environmental stewardship. They have implemented stringent environmental standards and have prioritized the reduction of greenhouse gas emissions. Additionally, these companies have leveraged their expertise to provide comprehensive waste management solutions, offering a range of services beyond waste-to-energy conversion.