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Radar · Energy in Montana

Best Energy Companies in Montana, United States

The 36 best Energy companies in Montana, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Northern Oil and Gas.

36companies tracked
$2.4Bdisclosed funding
0unicorns
6have raised
FLIAR INTELLIGENCE · ENERGY × MONTANA

Our analysis of 171 Energy companies

$71.4b in tracked funding; 82% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

171companies analysed
82%cloud-native stacks
2025funding peak (by rounds)
2unicorns
2015median founding year

Ranked: Best Energy companies in Montana

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackPatents & IP focusRecent signals
1Northern Oil and Gas
Oil and gas production company
64Funding top 15%Partners top 32%Moat top 37%Market top 43%
All 9 signals ▾
Fundingtop 15%
Partnerstop 32%
Moattop 37%
Markettop 43%
Growthtop 43%
Fin. healthtop 44%
Newstop 47%
Techbottom 44%
Globalbottom 32%
Funding: Raised $2.0B across 5 rounds · 5 rounds over 11 yrs (0.5/yr)
Partners: 2 partnership announcements in 12 mo (4 in 24 mo)
rank vs industry peers · Fliar Intelligence Index 64/100
$2.0B15 mo agoPublic—2006BugHerdApple iCloud MailMicrosoft 365+17——
2Montana Renewables
Provider of renewable energy services
$300M57 mo agoFunding RaisedTodd Borgmann
CEO
2021WordPressMySQLPHP+16——
3New Era Petroleum
Enhanced oil recovery company
$42M155 mo agoDeadpooledJohn Hoak
CEO & President
2009———
4BioSqueeze
Provider of well sealing solutions
$14M39 mo agoSeries ARobert Hyatt
Co-Founder & Vice President
2021Craft CMSPHPGoogle Maps+24——
5Mountainview Energy
Manufacturer and distributor of consumer electronics products
$3M186 mo agoPublicPatrick Montalban
CEO & President
2003———
6Nautilus Poplar
Provider of independent oil & gas exploration and production services
$3M20 mo agoSeries AMatthew Ciardiello
CEO & President
2006———
7Judith Highlands Wind
Developer of wind energy power projects
$30K199 mo agoDeadpooled—————
8Ballard Petroleum
Oil and gas exploration and production company
—327 mo agoAcquiredDave Ballard
CEO & President
1992———

Top 7 Energy companies in Montana

#1
Public · Plentywood, Montana · founded 2006 · 38 employees
$2Braised
▾

In 2022, the company recorded annual revenues of $1.97B and a net profit of $1.32B.

Fliar Intelligence Index™ 64how this company ranks against its industry peers
Funding
top 15%
Partners
top 32%
Moat
top 37%
Market
top 43%
Growth
top 43%
Fin. health
top 44%
Funding: Raised $2.0B across 5 rounds · 5 rounds over 11 yrs (0.5/yr) · Last round Post IPO (Jun 2025)
Partners: 2 partnership announcements in 12 mo (4 in 24 mo)
Moat: Top 15% by revenue among 54 tracked Oil & Gas Upstream companies · Editorial + unicorn rating 3/10 · 10 curated direct competitors tracked
Funding rounds
  • Jun 2025Post IPO$200M
  • Oct 2019Conventional Debt$800M
  • Sep 2018Conventional Debt$425M
  • Nov 2017Conventional Debt$400M
Investors
TPG, Angelo Gordon
Tech stack
Apache Http ServerApple Icloud MailBugherdCloudflareDocusignFancybox
#2
Series A · Poplar, Montana · founded 2006
$2.6Mraised
▾

Nautilus Poplar is an independent oil and gas exploration and production company. It owns and operates an oil field covering Poplar Dome in western Williston Basin. It is focused on developing a CO2-enhanced oil recovery project in the Charles formation at Poplar Dome, which covers 22K acres of space.

Funding rounds
  • Jan 2025Series A$468.7K
  • May 2020Seed$291.2K
  • May 2019Seed$2.3M
Founders & team
Matthew CiardielloCEO & President
#3
Funding Raised · Great Falls, Montana · founded 2021
$300Mraised
▾

Provider of renewable energy services

LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers — 15.1% of this cohort's audience
Funding rounds
  • Nov 2021Conventional Debt$300M
Founders & team
Todd BorgmannCEO
Investors
Oaktree Capital Management
Tech stack
Amazon Web ServicesCloudflareCloudflare Bot ManagementDiviGoogle AnalyticsGoogle Font Api
#4
Series A · Butte, Montana · founded 2021 · 22 employees
$13.5Mraised
▾

Provider of well sealing solutions

LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers — 12.4% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public) · hiring: Field Engineer, Field Technician
Funding rounds
  • May 2023Series A$9.4M
  • Sep 2021Series A$4.1M
Founders & team
Robert HyattCo-Founder & Vice PresidentMark RanalliPresident and CEO
Investors
Valo Ventures, Zero Infinity Partners, Riverstone Holdings, Next Frontier Capital
Tech stack
AosBootstrapCloudflareCloudflare Bot ManagementContact Form 7Cookie Notice
#5
Deadpooled · Billings, Montana · founded 2009 · 51 employees
$42.2Mraised
▾

New Era Petroleum is a US based oil and gas company focused on upstream activities. The company on enhanced oil recovery and improved oil recovery from matured oil fields. The company holds multiple patents for its oil recovery technology and process. The company operations are focused in the state of Wyoming in US.

Funding rounds
  • Sep 2013Series B$40M
  • Jul 2011Series A$2.2M
Founders & team
John HoakCEO & President
Investors
Talis Capital
#6
Public · Cut Bank, Montana · founded 2003 · 16 employees
$3.4Mraised
▾

Manufacturer and distributor of consumer electronics products. This entity manufactures and distributes televisions, audio products, and plans to expand into household appliances. They utilize brand licensing agreements with established companies for product development and leverage a wide distribution network. The company's focus is on product development and customer satisfaction. Their research and development efforts involve industry experts and technology specialists.

Funding rounds
  • Mar 2011Series A$3.4M
Founders & team
Patrick MontalbanCEO & President
#7
Deadpooled · Montana
$30Kraised
▾

Developer of wind energy power projects

Funding & investor landscape

$2.4Btotal disclosed funding
7companies funded
14disclosed rounds
0rounds last 90 days
Most active investors
Angelo Gordon1 rounds
Eos Partners1 rounds
LLM Capital Partners1 rounds
Libra6 Management1 rounds
NGP1 rounds
Next Frontier Capital1 rounds
Oaktree Capital Management1 rounds
Preston Werner Ventures1 rounds
Riverstone Holdings1 rounds
TPG1 rounds

Notable founders

Matthew Ciardiello
CEO & President · Nautilus Poplar
Todd Borgmann
CEO · Montana Renewables
Robert Hyatt
Co-Founder & Vice President · BioSqueeze
Mark Ranalli
President and CEO · BioSqueeze
John Hoak
CEO & President · New Era Petroleum
Patrick Montalban
CEO & President · Mountainview Energy
Prism market signals · United States · country-scoped Prism corpus, 1,994,997 docs

Market landscape — 10 sub-themes by coverage

Share of Energy coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · United States

How research on Grid Energy Storage is moving in the United States

A read on the academic research around Grid Energy Storage — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 5,941 United States-affiliated papers.

research sentiment over time
200820172026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and softening — the enthusiastic (strongly-positive) share moved 60% → 57% across 2008–2026.
top research entities
  • Electric Power Research Institute204
  • Pacific Northwest National Laboratory202
  • Argonne National Laboratory193
  • Northeastern University151
  • Massachusetts Institute of Technology124
leading researchers
Arumugam Manthiram · Vlachokostas, Alex · Di Wu · Yi Cui · Yury Gogotsi · Wei Wang · Freederia AI Researcher · Guihua Yu
▲ Breakthroughs1,937 · 33%
▼ 34%→32% share
▼0.9× share momentum1 median citations83% since 2021mostly methods-led
Breakthroughs are cooling (34%→32% of field), led by Battery (electricity).
rising sub-themes (early→recent)
  • Battery (electricity)57→359
  • Electrolyte37→318
  • Electrochemistry30→240
  • Cathode32→224
  • Anode37→209
Newly emergingEnergy (signal processing) 0→87 · Thermal 0→34 · Interphase 0→28
Landmark Challenges and Prospects of Lithium–Sulfur Batteries · 2,319 cites
◆ Advancements2,724 · 46%
▲ 40%→48% share
▲1.2× share momentum1 median citations87% since 2021mostly methods-led
Advancements are rising (40%→48% of field), led by Renewable energy.
rising sub-themes (early→recent)
  • Renewable energy40→492
  • Battery (electricity)59→507
  • Power (physics)8→227
  • Electrolyte27→244
  • Electrochemistry37→240
Newly emergingNuclear engineering 0→34 · Ionic conductivity 0→30 · Efficient energy use 0→30
Landmark Sodium‐Ion Batteries · 4,393 cites
▼ Concerns798 · 13%
▼ 14%→13% share
▼0.9× share momentum2 median citations80% since 2021mostly reviews
Concerns are cooling (14%→13% of field), led by Battery (electricity).
rising sub-themes (early→recent)
  • Battery (electricity)35→184
  • Renewable energy24→156
  • Electrolyte13→114
  • Electrochemistry10→80
  • Cathode9→72
Newly emergingDegradation (telecommunications) 0→21 · Sustainable energy 0→20 · Reliability (semiconductor) 0→19
Landmark Pseudocapacitive oxide materials for high-rate electrochemical energy storage · 5,233 cites
RESEARCH HOTSPOTS · United States

Where energy storage is researched across United States

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.

SF Bay Area353 · +0.50
Hot · Battery (electricity)Advancing · Resilience (materials science)Opportunity · PorosityConcern · Commercialization
Boston340 · +0.51
Hot · Flow batteryAdvancing · RedoxOpportunity · ElectricityConcern · Nanoarchitectures for lithium-ion batteries
Austin119 · +0.42
Hot · SulfurAdvancing · Battery storageOpportunity · Flexibility (engineering)Concern · Polysulfide
Atlanta118 · +0.59
Hot · Triboelectric effectAdvancing · NanogeneratorOpportunity · ThermodynamicsConcern · Cost of electricity by source
Los Angeles108 · +0.58
Hot · PseudocapacitanceAdvancing · PseudocapacitorOpportunity · Energy (signal processing)Concern · Electricity generation
New York105 · +0.53
Hot · Electricity marketAdvancing · ArbitrageOpportunity · Photovoltaic systemConcern · Fossil fuel
Chicago86 · +0.58
Hot · ElectrolyteAdvancing · Ionic liquidOpportunity · PolymerConcern · Anode
San Diego83 · +0.53
Hot · FabricationAdvancing · MicrostructureOpportunity · ElectrodeConcern · Faraday efficiency
Ann Arbor62 · +0.46
Hot · Charge (physics)Advancing · Reliability engineeringOpportunity · Power (physics)Concern · Electrochemistry
Philadelphia61 · +0.47
Hot · MXenesAdvancing · SupercapacitorOpportunity · OxideConcern · Capacitor
PATENT SIGNAL · United States

Who's filing energy storage patents in the United States

United States energy storage patent filing is accelerating — 8,522 filings from 3,681 assignees (2016–2025), led by General Electric, ESS Technology, GM Global TECH Operations; annual filings 687→1058.

8,522 filings3,681 assigneespeak 1092/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
  • General Electric592
  • ESS Technology276
  • GM Global TECH Operations233
  • Fastcap Systems205
  • UNIV California180
  • Rondo Energy157
  • United Technologies154
  • Battelle Memorial Institute146

Common questions

How many Energy companies are there in Montana, United States?
Radar tracks 36 indexable Energy companies headquartered in Montana, United States that meet our profile-completeness bar.
What is the total funding raised by Energy companies in Montana, United States?
The Energy companies in Montana, United States on this list have raised a combined $2.4B in disclosed equity funding across 7 funded companies.
Which is the highest-funded Energy company in Montana, United States?
Northern Oil and Gas is the highest-funded Energy company in Montana, United States, with $2B in disclosed equity funding.
How many Energy companies in Montana, United States are funded?
7 of the 36 Energy companies in Montana, United States on this list have disclosed at least one equity funding round.
How many Energy unicorns are there in Montana, United States?
None of the Energy companies in Montana, United States on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Montana, United States Energy companies?
The most active investors in Montana, United States Energy companies on this list include Angelo Gordon, Eos Partners, LLM Capital Partners, Libra6 Management, NGP.
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.

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