Green tech / Clean tech
Austria's green tech sector is home to market-leading green tech pioneers, from waste management and recycling to industrial production and the circular economy.
Contact usGreenTech - sustainable technologies for a green future
Green Tech, also known as Clean Tech, comprises services, products and technologies that aim to minimise environmental impact or prevent and reduce environmentally harmful practices, as well as to remedy existing damage to the environment.
Green Tech focuses on the development of innovative solutions that increase efficiency in the use of resources, reduce energy consumption and minimise the ecological footprint of companies and societies.
GreenTech covers a wide range of different applications and areas and thus combines the environmental aspect with science, technology and business. New innovations offer the opportunity to work more energy-efficiently and efficiently without wasting valuable resources or further increasing greenhouse gas emissions.
In view of the growing environmental awareness and the increasing urgency of environmental problems such as climate change, GreenTech is becoming more and more important for companies and societies. Investing in GreenTech innovations is essential to promote more sustainable production and consumption patterns and to ensure long-term environmental protection. Companies that focus on GreenTech can remain more competitive in the long term and benefit from the advantages of a sustainable economy.
Austria's green tech sector on the path to success
To tackle the world's ecological challenges, innovative climate and environmental protection solutions are crucial. Austria's green tech companies are at the forefront of this innovation. With an R&D ratio of 5%, these companies are pioneers in diverse fields such as waste management, recycling, industrial production, and the circular economy.
Environmental technologies, energy efficiency, and the generation of alternative energies have a long-standing tradition in Austria. For example, 74.7% of the required electricity is produced through hydropower. This pioneering approach allows Austrian green tech companies to offer tried and tested technologies, whereas other countries are only just starting out. In 2022, Austria was ranked third in the EU’s Eco-Innovation Index, and is thus one of the green innovation leaders in Europe.
Green Tech in Austria brochure
Download our brochure with all information about Austria's green tech sector.
Green tech in Austria:
5 good reasons to locate your company here
Are you wondering why you should consider Austria as the location for your green tech company? The answer is simple – Austria as a business location offers optimal conditions, whether you are an emerging green tech startup or already have an established company. Moreover, the country is characterized by its high stability and unparalleled quality of life. In Austria, you will find an extremely business-friendly environment, which is particularly attractive for young companies.
These five good reasons speak for locating your green tech company in Austria:
- 01
Top positioning
In the Eco-innovation Index, Austria ranked 3rd in an EU comparison in 2021 with regard to ecological renewal. In the category "value creation / environmental protection and resource management," Austria actually tops the rankings. Moreover, according to the Environmental Performance Index of 2024, Austria ranks 4th worldwide for sustainability, environmental protection and vitality of the ecosystems. This positioning creates an ideal environment for a green tech company looking to make a significant impact.
- 02
Hydrogen as a future-oriented field
Austria is leading the way with top-level research with respect to hydrogen, a crucial future-oriented segment. For example, the world's largest pilot plant for hydrogen electrolysis is located in Linz. It will soon facilitate CO2-free steel production. In Villach, the companies Infineon and Linde are constructing a plant for sustainable hydrogen which will make chip production climate neutral. Furthermore, research facilities such as HyCentA are promoting the further development of hydrogen technology so that it can be used for mobility and industry on a large scale.
- 03
Climate tech start-ups
Young Austrian entrepreneurs are increasingly putting sustainability on their agendas. 34% or a third of all young entrepreneurs are focusing on ecological challenges. More than 150 climate tech startups in categories ranging from mobility and the circular economy to nutrition and agriculture are further driving this development.
- 04
Green Tech Valley
Located in the south of Austria, the Green Tech Valley is home to globally recognized pioneers and technology leaders in the green tech sector. This hub is especially known for its innovations in renewable energies and the circular economy, making it a strategic location for any green tech company aiming to be at the forefront of green innovation.
- 05
Green electricity
Austria already set new standards on the domestic electricity market at an early stage. 76.2% of the Austrian electricity production is derived from renewable energy sources (as of 2020), making Austria the current leader in the EU. The Renewable Energy Expansion Act (EAG) stipulates the underlying conditions for the expansion of green electricity over the next ten years and provides a comprehensive system of funding. Funding amounts to € 1 billion annually until 2030. The EAG points the way to 100% green electricity in the year 2030 and comprises one of the pivotal instruments in the energy transition.
Success Stories
Bosch
Bosch is increasingly relying on Austria as an engineering location – most recently in the fields of automobile radar systems, artificial intelligence and electrolysis for green hydrogen.
Austria convinces with business location advantages such as the exceptional funding offering and the highly qualified skilled workers.
Our services
We simply get it done – for you!
If your business focuses on green solutions for a sustainable future, INVEST in AUSTRIA is ready to support you in establishing your green tech company in Austria.
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Where Innovation moves mountains
