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

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

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.

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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