This year’s list highlights the businesses at the forefront of their respective industries, paving the way for the innovations of tomorrow. These companies are setting the standard with some of the greatest accomplishments of the modern world. In addition to the World’s 50 Most Innovative Companies, 540 organizations are recognized across 54 sectors and regions.
“We’re honored to make Fast Company's Most Innovative Companies list for our groundbreaking HVAC system,” said CEO Dr. Jane Melia. “After solar and EVs, home heating and hot water is the next frontier in clean energy deployment. Our smart Pod helps homeowners decarbonize their homes effortlessly and affordably. Plus, we kick off a virtuous cycle with load-shifting: the more homes we decarbonize, the cleaner and more resilient the grid becomes.”
Harvest Thermal makes homes massively more sustainable by replacing gas heating and hot water with the lowest carbon system on the market today. By shifting the electric consumption of the heat pump to the middle of the day when the grid is cheap, clean, and abundant with renewable energy, the system cuts carbon emissions by 90% compared to gas and 50% compared to standard heat pump configurations. Homeowners also save up to 48% on monthly heating bills, enabling cost-effective adoption at scale..
The brains of the system is the Harvest Pod. Using machine-learning-generated algorithms, sensors, and controls, the Pod optimizes for grid emissions, utility rates, energy usage, and customer comfort. It transforms an ordinary water tank into a thermal battery that delivers heating and hot water whenever needed. As more homes electrify their heating and hot water, Harvest Thermal’s IoT system functions as a “virtual power plant” relieving stress on the grid during winter morning and evening peaks.
Fast Company’s editors and writers sought out the companies making the biggest strides around the globe.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides a firsthand look at the inspiring and innovative efforts of companies across all sectors of the economy.
“What a strange and thrilling year it has been to honor this year’s Most Innovative Companies. This year’s list compiles some of the most cutting-edge groundbreakers who are changing our world every single day, from legacy organizations like McDonald’s to upstarts like MrBeast and institutions such as NASA. Everyone on this list does something completely, uniquely different, yet, they all have one thing in common: innovation,” said Fast Company editor-in-chief Brendan Vaughan.
Fast Company’s Most Innovative Companies issue (March/April 2023) is available online here, as well as in-app form via iTunes, and on newsstands beginning March 14. The hashtag is #FCMostInnovative.
ABOUT HARVEST THERMAL
Harvest Thermal, Inc, is a developer of patented, ultra-efficient, all-electric, heating, cooling, and hot water systems for the residential market. Harvest Thermal's award-winning software/hardware, cloud-enabled platform leverages the power of advanced analytics and machine learning to dramatically reduce carbon emissions, save on customer bills and utilize a greater share of renewable energy on the grid.
ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.