Radar › Companies › Environment · Hong Kong
Radar · Environment in Hong Kong

Best Environment Companies in Hong Kong, China

The 69 best Environment companies in Hong Kong, China in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: AES.

69companies tracked
$881Mdisclosed funding
0unicorns
10have raised
FLIAR INTELLIGENCE · ENVIRONMENT × HONG KONG

Our analysis of 309 Environment companies

$75.8b in tracked funding; 79% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

309companies analysed
79%cloud-native stacks
2025funding peak (by rounds)
7unicorns
2015median founding year

Ranked: Best Environment companies in Hong Kong

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackPatents & IP focusRecent signals
1AES
Global power company
69News top 26%Fin. health top 27%Talent top 28%Market top 29%
All 11 signals ▾
Newstop 26%
Fin. healthtop 27%
Talenttop 28%
Markettop 29%
Techtop 34%
Moattop 34%
Producttop 35%
Fundingtop 45%
Globalbottom 45%
Growthbottom 43%
Innovationbottom 41%
News: 23 BI events in 12 mo (of 104 tracked, 13 types) · +77% YoY
Fin. health: Revenue ~$12.2B (FY2026) · Net margin 15.3%
rank vs industry peers · Fliar Intelligence Index 69/100
$500M58 mo agoAcquiredDennis Bakke
Co-Founder
1981DrupalBugHerdApple iCloud Mail+30——
2China Water Group
Provider of sewage treatment and tap water supplying services
$200M74 mo agoPublicDuan Liang
Director
2003WordPressMySQLPHP+18268 patents
Smart water resources management: predictive hydrology, erosion monitoring, irrigation optimization, sediment control
—
3InterContinental Energy
Developer of solar and wind energy projects
48Funding top 30%Growth top 35%Talent top 38%News top 42%
All 9 signals ▾
Fundingtop 30%
Growthtop 35%
Talenttop 38%
Newstop 42%
Partnerstop 46%
Techtop 47%
Globalbottom 38%
Moatbottom 38%
Marketbottom 32%
Funding: Raised $115M across 2 rounds · 2 rounds over 4 yrs (0.5/yr)
Growth: Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 48/100
$115M4 mo agoSeries BAlicia Eastman
Co-founder & Board Director
2014WordPressMySQLPHP+26—1 award
4Panda Green Energy Group
Developer of utility-scale and rooftop solar power projects
$25M111 mo agoSeries BLi Alan
CEO
2000———
5Trony Solar
Manufactures thin film PV modules
$20M212 mo agoSeries AYu Ying
Co-CEO
1993GoDaddy Website BuilderReactRequireJS+5——
6Beijing Enterprise Water Group
City-based wastewater treatment services
$15M126 mo agoDeadpooledLi Yongcheng
Chairman & CEO
1997———
7Allinfra
Developer of solar energy projects
$6M49 mo agoSeries ABill Kentrup
Co-founder & Head of Origination
2012———
8SPI Group
Producer & distributor of solar energy
—42 mo agoPublic—2006WordPressMySQLPHP+17——

Top 10 Environment companies in Hong Kong

#1
Series B · Hong Kong, Hong Kong · founded 2014
$115Mraised
▾

Developer of solar and wind energy projects

Fliar Intelligence Index™ 48how this company ranks against its industry peers
Funding
top 30%
Growth
top 35%
Talent
top 38%
News
top 42%
Partners
top 46%
Tech
top 47%
Funding: Raised $115M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) · Last round Grant (prize money) (Feb 2026)
Growth: Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Audience (LinkedIn): 11k LinkedIn followers — 4.5% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
  • Feb 2026Grant (prize money)$21M
  • Sep 2023Series B$115M
  • Jan 2022Seed—
Founders & team
Alicia EastmanCo-founder & Board DirectorAlexander TancockCo-Founder & CEO
Investors
GIC, Hy24, Australian Renewable Energy Agency
Tech stack
All In One SeoAmazon Web ServicesApache Http ServerAstraCloudflareCloudflare Bot Management
#2
Acquired · Hong Kong, Hong Kong · founded 1981 · 171 employees
$500Mraised
▾

AES Corporation is a global power company which provides and distributes electric power. Their business categories include generation, utilities, energy storage & distributed energy. The company has operations worldwide. In 2023, the company recorded annual revenues of $12.62B and a net loss of $0.55B.

Fliar Intelligence Index™ 69how this company ranks against its industry peers
News
top 26%
Fin. health
top 27%
Talent
top 28%
Market
top 29%
Tech
top 34%
Moat
top 34%
News: 23 BI events in 12 mo (of 104 tracked, 13 types) · +77% YoY · 13 high-value events (IPO/M&A/funding/contracts) in 12 mo
Fin. health: Revenue ~$12.2B (FY2026) · Net margin 15.3% · Revenue +0% YoY
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Audience (LinkedIn): 208k LinkedIn followers — 86.9% of this cohort's audience
Funding rounds
  • Jul 2021Post IPO—
  • Conventional Debt$500M
Founders & team
Dennis BakkeCo-FounderRoger SantCo-FounderAndres GluskiPresident and Chief Executive Officer (CEO)
Investors
PowerTap
Tech stack
Acquia Cloud PlatformAddtoanyAmazon Web ServicesAmobeeApple Icloud MailAzure
#3
Public · Hong Kong, Hong Kong · founded 2003 · 11400 employees
$200Mraised
▾

Provider of sewage treatment and tap water supplying services

Funding rounds
  • Apr 2020Post IPO—
  • Mar 2018Conventional Debt$200M
Founders & team
Duan LiangDirector
Investors
BPEA, Asian Development Bank, ORIX Asia Capital
Tech stack
Apache Http ServerBootstrapCore-JsElementorElementor Header & Footer BuilderFont Awesome
#4
Series A · Hong Kong, Hong Kong · founded 2012 · 25 employees
$6Mraised
▾

Developer of solar energy projects

Funding rounds
  • May 2022Series A$6M
  • Feb 2019Series A—
Founders & team
Bill KentrupCo-founder & Head of OriginationDave SandorCo-Founder & CEO
Investors
Consensys Labs, Nomura, UPC Capital Ventures, BC Group, FJ Labs, ACRE Investment Management
#5
Series B · Hong Kong, Hong Kong · founded 2000 · 1652 employees
$25Mraised
▾

Panda Green Energy Group is a company based in China that develops and finances large-scale solar PV plants. Projects in operation include a 100MW plant in China, a 20MW rooftop solar power plant, 6 solar power plants in the UK having an aggregate power of 82MW and many others. Developing projects for the China Railway Construction, Huawei CGN, Orix Group and others which is in the pipeline. Also have projects in countries like Pakistan, Sri Lanka, Australia and others.

Funding rounds
  • Mar 2017Series B$25M
Founders & team
Li AlanCEOYu QiumingExecutive Director
Investors
Asia Climate Partners, ORIX Asia Capital, China Merchants New Energy, China Merchants China Direct Investments
#6
Series A · Hong Kong, Hong Kong · founded 1993 · 197 employees
$20Mraised
▾

Trony Solar manufactures thin film PV moduels, solar embedded cells and BIPV (Building Integrated PV). The company in 2006 started manufacturing standard PV modules for solar home systems and other solar off-grid applications Trony's annual manufacturing capacity is 205 MW as of 2011 and plans to expand the annual manufacturing capacity to 265 MW

Funding rounds
  • Sep 2008Series A$20M
Founders & team
Yu YingCo-CEOLiu BinCo-CEO
Investors
Intel Capital, Fuel Capital
Tech stack
Godaddy Website BuilderHstsLodashOpen GraphPwaRe:Amaze
#7
Deadpooled · Hong Kong, Hong Kong · founded 1997
$15Mraised
▾

Beijing Enterprise Water Group specialises in water services and environmental protection services in China. The company currently owns and operates 282 water plants including 226 sewage treatment plants, 51 water distribution plants, 4 reclaimed water treatment plants and 1 seawater desalination plant in China, Malaysia, and Portugal, with daily design water treatment capacity 10M tons per day.

Funding rounds
  • Dec 2015PE$15M
Founders & team
Li YongchengChairman & CEO
Investors
FMO
#8
Public · Sha Tin, Hong Kong · founded 2006 · 316 employees
—raised
▾

Producer & distributor of solar energy

Funding rounds
  • Dec 2022Post IPO—
Investors
Jiangxi LDK Solar Hi-Tech
#9
Acquired · Hong Kong, Hong Kong
—raised
▾

Provider of carbon footprint reductions solutions. They provide corporate sustainability planning,carbon footprint assessments,renewable energy integration and ESG advisory services.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 7k LinkedIn followers — 3.1% of this cohort's audience
Activity: 3 partnerships (incl. RESET Carbon) announced in 12 mo
Founders & team
Liam SalterGroup CEO
Investors
Europa
#10
Public · Hong Kong, Hong Kong · founded 2014
—raised
▾

Shunfeng International Clean Energy is an integrated photovoltaic service provider engaging in solar power generation plant construction and operation. The company is also into solar products manufacturing as well as solar energy storage. Apart from project development in the space of solar energy they are also into research, development as well as operations of other forms of renewable energy.

Funding rounds
  • Aug 2015Seed—
Founders & team
Eric LuoCEO
Investors
Keytone Ventures, Sincere Capital

Funding & investor landscape

$881Mtotal disclosed funding
7companies funded
8disclosed rounds
0rounds last 90 days
Most active investors
Eureka Nova2 rounds
ORIX Asia Capital2 rounds
SOW Asia2 rounds
ACRE Investment Management1 rounds
Asia Climate Partners1 rounds
Asian Development Bank1 rounds
Australian Renewable Energy Agency1 rounds
BC Group1 rounds
BPEA1 rounds
BWT1 rounds

Notable founders

Alicia Eastman
Co-founder & Board Director · InterContinental Energy
Alexander Tancock
Co-Founder & CEO · InterContinental Energy
Dennis Bakke
Co-Founder · AES
Roger Sant
Co-Founder · AES
Duan Liang
Director · China Water Group
Bill Kentrup
Co-founder & Head of Origination · Allinfra
Dave Sandor
Co-Founder & CEO · Allinfra
Li Alan
CEO · Panda Green Energy Group
Yu Qiuming
Executive Director · Panda Green Energy Group
Yu Ying
Co-CEO · Trony Solar
Liu Bin
Co-CEO · Trony Solar
Li Yongcheng
Chairman & CEO · Beijing Enterprise Water Group
Prism market signals · China · country-scoped Prism corpus, 3,732,551 docs

Market landscape — 10 sub-themes by coverage

Share of Environment coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · China

How research on Environmental Monitoring is moving in China

A read on the academic research around Environmental Monitoring — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 2,590 China-affiliated papers.

research sentiment over time
200820172026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 34% → 46% across 2008–2026.
top research entities
  • Chinese Academy of Sciences190
  • Zhejiang Environmental Monitoring Center76
  • University of Chinese Academy of Sciences63
  • Ministry of Ecology and Environment51
  • China National Environmental Monitoring Center50
leading researchers
毛德华 · Yang Liu · Wei Wang · Lei Zhang · Bo Chang · Wei Li · Jie Li · Chao Wang
▲ Breakthroughs461 · 18%
▲ 12%→23% share
▲1.9× share momentum0 median citations65% since 2021mostly methods-led
Breakthroughs are rising (12%→23% of field), led by Pollution.
rising sub-themes (early→recent)
  • Pollution4→32
  • Pollutant7→29
  • Air quality index1→19
  • Contamination1→17
  • Air pollution1→15
Newly emergingHuman health 0→12 · Identification (biology) 0→11 · Detection limit 0→9
Landmark Cointegration: a novel approach for the removal of environmental trends in structural health monitoring data · 231 cites
◆ Advancements990 · 38%
▼ 41%→34% share
▼0.8× share momentum0 median citations45% since 2021mostly methods-led
Advancements are cooling (41%→34% of field), led by Pollutant.
rising sub-themes (early→recent)
  • Pollutant13→42
  • Air quality index11→32
  • Pollution35→56
  • Ecosystem2→22
  • Air pollution11→25
Newly emergingEnvironmental DNA 0→15 · Human health 0→11 · Habitat 0→10
Landmark A distributed network of low-cost continuous reading sensors to measure spatiotemporal variations of PM2.5 in Xi'an, Chi · 360 cites
▼ Concerns498 · 19%
▼ 21%→19% share
▼0.9× share momentum0 median citations50% since 2021mostly empirical
Concerns are cooling (21%→19% of field), led by Human health.
rising sub-themes (early→recent)
  • Human health4→45
  • Pollution29→60
  • Risk assessment4→30
  • Ecosystem3→20
  • Contamination7→24
Newly emergingMicroplastics 0→20 · Bioaccumulation 0→9 · Plastic pollution 0→9
Landmark Recent advances in nanomaterials for water protection and monitoring · 538 cites
RESEARCH HOTSPOTS · China

Where environmental monitoring is researched across China

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Beijing431 · +0.32
Hot · PollutionAdvancing · Internet of ThingsOpportunity · ApportionmentConcern · Microplastics
Nanjing128 · +0.36
Hot · Algal bloomAdvancing · HumidityOpportunity · ParticulatesConcern · Biodiversity
Shanghai121 · +0.26
Hot · Port (circuit theory)Advancing · BuoyOpportunity · Sampling (signal processing)Concern · Sewage treatment
Wuhan94 · +0.44
Hot · Remote sensingAdvancing · Data qualityOpportunity · Cloud computingConcern · Environmental engineering
Guangzhou/Shenzhen90 · +0.40
Hot · Component (thermodynamics)Advancing · HabitatOpportunity · Scale (ratio)Concern · Aquatic ecosystem
Hangzhou66 · +0.40
Hot · Wireless sensor networkAdvancing · Node (physics)Opportunity · Air pollutionConcern · Pollutant
Harbin24 · +0.38
Hot · Embedded systemAdvancing · Geographic information systemOpportunity · Workflow
Hefei23 · +0.59
Hot · Water qualityAdvancing · MicrocontrollerOpportunity · Water pollution
PATENT SIGNAL · China

Who's filing environmental monitoring patents in China

China environmental monitoring patent filing is accelerating — 71 filings from 70 assignees (2016–2025), led by Multidimension Technology, Goertek, UNIV China Mining; annual filings 1→11.

71 filings70 assigneespeak 13/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
  • Multidimension Technology11
  • Goertek9
  • UNIV China Mining5
  • INST Oceanology Chinese ACAD3
  • Zhejiang Hengda Instr3
  • Chengdu Qinchuan IOT TECH2
  • UNIV Dalian TECH2
  • Changxin Memory TECH2

Common questions

How many Environment companies are there in Hong Kong, China?
Radar tracks 69 indexable Environment companies headquartered in Hong Kong, China that meet our profile-completeness bar.
What is the total funding raised by Environment companies in Hong Kong, China?
The Environment companies in Hong Kong, China on this list have raised a combined $881M in disclosed equity funding across 7 funded companies.
Which is the highest-funded Environment company in Hong Kong, China?
AES is the highest-funded Environment company in Hong Kong, China, with $500M in disclosed equity funding.
How many Environment companies in Hong Kong, China are funded?
7 of the 69 Environment companies in Hong Kong, China on this list have disclosed at least one equity funding round.
How many Environment unicorns are there in Hong Kong, China?
None of the Environment companies in Hong Kong, China on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Hong Kong, China Environment companies?
The most active investors in Hong Kong, China Environment companies on this list include Eureka Nova, ORIX Asia Capital, SOW Asia, ACRE Investment Management, Asia Climate Partners.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

Coming soon