Energy · Ontario, India

Best Energy Companies in Ontario, Canada

Updated 2026-06-18 · Ranked by funding & momentum

356 indexable Energy companies headquartered in Ontario, Canada, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $4.6B across 53 funded companies.

356
Companies
$4.6B
Total Funding
53
Funded
0
Unicorns
0
Rounds (90d)

Ranked: Best Energy companies in Ontario

#CompanyFundingValuationStage Latest roundEmployeesFoundedMomentum
1 Canadian Solar
Manufacturer of solar technology and renewable energy solutions, with a global presence and a focus on providing high-efficiency solar modules and sustainable energy solutions
$230M Public Post IPO Jan 2026 18,423 2001 ↑ Active
2 Eco (Atlantic) Oil & Gas
Provider of offshore oil and gas exploration and production services
$66.6M Public Post IPO Jan 2026 6 2007 ↑ Active
3 Silfab Solar
Manufacturer of solar PV modules
$225M Series D Grant (prize money) May 2025 650 2010 ↑ Active
4 Bruce Power
Nuclear power generator
$785M Seed Conventional Debt Dec 2024 4,200 2001 ↑ Active
5 Parallel
Provider of installation services for multiple electrical equipment
$85M Seed Seed Apr 2025 47 2019 ↑ Active
6 Petrolympic
Junior mining company focused on gold and lithium exploration and development
$1.9M Public Post IPO Feb 2026 4 2006 ↑ Active
7 Char Technologies
Provider of environmental services
$21.9M Public Post IPO May 2025 25 2011 ↑ Active
8 Stormfisher
Provider of organic waste, energy, and water recycling services
$372.1M Acquired PE Mar 2024 50 2006
9 Jade Power
Developer of solar and wind energy projects
$43.2M Public Post IPO Sep 2024 2014 ↑ Active
10 Anaergia
Provider of organic waste into renewable fuel services
$45.8M Public Post IPO Jul 2024 91 1982 ↑ Active
11 Enerev5
Explorer and developer of nickel and copper mines. It focuses on ethically-sourced minerals for electric vehicle and energy storage markets. The company explores options for supplying minerals for carbon capture and sequestration, and carbon credit initiatives. Its management team comprises experienced professionals in finance, mining, and exploration. A key advisor provides extensive expertise in nickel-copper and platinum group element deposit exploration.
$95.1K Public Post IPO Mar 2026 1980 ↑ Active
12 Ontario Power Generation
Provider of nuclear and hydro power generation services
$891.1M Funding Raised Conventional Debt Feb 2021 6,956 1999
13 Hybrid Power Solutions
Company that develops and manufactures portable lithium-ion battery systems for clean energy solutions, offering a range of products for power backup, off-grid energy, and portable power applications
$1.6M Public Grant (prize money) Mar 2025 23 2015 ↑ Active
14 Green Shift Commodities
Developer of nuclear energy projects
$4.7M Public Post IPO Jun 2024 11 2005 ↑ Active
15 Just Energy
Retail provider of electricity and natural gas commodities
$425.7M Acquired Post IPO Aug 2020 1,824 2009
16 Shoal Point Energy
Operator of urban bistros and bakeries offering breakfast, brunch, and lunch
$8.1M Public Post IPO Apr 2024 3 2006
17 Algonquin Power
Provider of regulated utility services and renewable energy generation
$310M Public Post IPO Jul 2020 41 1997
18 Heliene
Manufacturer of solar modules
$20M Series A Series A Sep 2023 79 2010
19 Northland Power
Provider of solar energy power producer
$157.5M Public Post IPO Apr 2021 1,339 1987
20 Potentia Renewables
Developer and operator of wind farms and solar parks
$201.7M Funding Raised Conventional Debt Feb 2020 86 2011
21 Nexus Renewables
Developer of solar and wind energy projects
$18.3M Acquired Conventional Debt Jun 2023 2 2020
22 4Refuel
Provider of onsite refueling services
$260M Acquired Series A Jul 2010 600 1995
23 Lithium Royalty Corp
Provider of battery services
$70.7M Public PE Jan 2021 4 2016
24 Latitude Uranium
Company engaged in the exploration and development of district-scale uranium projects
$4.4M Acquired Post IPO Nov 2023 2023
25 BIOX Corp
Biodiesel manufacturer
$70M Acquired Venture Debt Nov 2007 50 2000
26 OYA Renewables
Provider of solar energy services
$35M Funding Raised Conventional Debt Sep 2020 70 2009
27 Enecsys Limited
Manufactures electronic components
$55.3M Series B Series B May 2011 51 2003
28 Iogen
Iogen Corporation specializes in carbon-negative fuel production technology that converts agricultural waste into clean fuels for a Net Zero world.
$62M Late Stage PE 2007 1 1974
29 Nickel 28
Provider of nickel and cobalt energy storage services
$3.4M Late Stage Post IPO May 2023 4 2019
30 Decklar Resources
Provider of oil & gas exploration and production services
$11.5M Public Post IPO May 2021 406 2004
31 JCM Power
Independent renewable energy power producer
$15.1M Series B Series B Dec 2019 2009
32 Imtex Membranes
Membrane-based technology solution provider for separation of gas
$10M Series A Series A May 2020 22 2007
33 NRStor
Energy storage project developer
$11M Series A Grant (prize money) Dec 2017 16 2012
34 Pure Energies
Solar avisor and rooftop solar installer
$11M Acquired Venture Debt Jun 2013 200 2009
35 MAPS Power
Provider of renewable energy services
$2.2M Funding Raised Grant (prize money) Jun 2022 8 2015
36 Adira Energy
Exploration and development of oil and gas properties in onshore and offshore Israel
$11M Deadpooled Post IPO Aug 2012 2009
37 Electryon Power
Provider of solar & wind energy research services
$3.1M Seed Seed Dec 2021 2021
38 Enerdynamic Hybrid Technologies
Offers solar solutions
$3.3M Deadpooled Post IPO Aug 2020 20 2012
39 Enerworks
Solar thermal energy technology developer
$8.8M Acquired Series A Feb 2009 1998
40 JHI Associates
Deepwater oil and gas exploration company focused on frontier exploration
$2.4M Acquired Series A Jun 2021 8 2014
41 Greenfield
Bioethanol and co product manufacturer
$7.5M Acquired Grant (prize money) Mar 2011 454 1989
42 Rift Energy
Oil & gas exploration and development company
$7.6M Late Stage PE 2012 2 2011
43 Laconic
Developer of wind energy projects
$1.4M Deadpooled Seed Feb 2022 2020
44 Tribute Resources
Offers construction and development services for cleantech projects
$2.7M Deadpooled Post IPO Apr 2017 1997
45 Quantec Geoscience
Provider of advanced geophysical subsurface imaging services for resource exploration
$3M Series A Series A Dec 2006 100 1986
46 Uranium One
Producer of uranium
$2.6M Seed Seed Mar 2010 216 2005
47 Excel Energy
Developer of geothermal energy projects and products
$2.2M Acquired Nov 2006 20 2000
48 AOC
Oil production company
$498.1K Public Post IPO Dec 2017 2013
49 Waterotor Technologies
Provider of Spanish-language radio programming and advertising solutions
$100K Seed Seed May 2022 6 2011
50 Energy Telecom
Provider of consulting services to invest in oil & gas,electricity, and power sector
$117.3K Seed Seed Apr 2011 31 2001

Top 12 Energy companies in Ontario

#1
$230M Raised
expand_more
location_onGuelph, Ontario
Founded
2001
Employees
18,423
Funding raised
$230M
Stage
Public

Canadian Solar is a leading global solar technology and renewable energy company, founded in 2001 in Canada. The company is a manufacturer of solar modules and a provider of solar energy solutions, with a mission to foster sustainable development. With a focus on innovation and efficiency, Canadian Solar has established itself as a prominent player in the solar industry, offering a range of products and services to c

Funding rounds (1 disclosed of 1)
Round Date Amount
Post IPO Jan 2026 $230M
Tech stack
acquia cloud platformacquia cloud site factoryadobe analyticsadobe experience platform identity serviceadobe experience platform launchamazon cloudfront+14
#2
$66.6M Raised
expand_more
location_onToronto, Ontario
Founded
2007
Employees
6
Funding raised
$66.6M
Stage
Public

Provider of offshore oil and gas exploration and production services

Funding rounds (7 disclosed of 8)
Round Date Amount
Post IPO Jan 2026 $10M
Post IPO Jun 2022 $12.3M
Post IPO Jun 2021 $5M
Post IPO Apr 2019 $5M
Post IPO Apr 2019 $17M
Post IPO Oct 2018 Undisclosed
2 earlier rounds — sign up free
Tech stack
amazon albamazon web servicesaws certificate managercdnjscloudflarecloudflare bot management+14
#3
Silfab Solar Series D
$225M Raised
expand_more
location_onMississauga, Ontario
Founded
2010
Employees
650
Funding raised
$225M
Stage
Series D

Manufacturer of solar PV modules. It is the design and development of ultra-high-efficiency, premium-quality solar panels for generating electricity on the residential and commercial scale.

Funding rounds (5 disclosed of 5)
Round Date Amount
Grant (prize money) May 2025 $3M
Grant (prize money) May 2025 $719.9K
Grant (prize money) Apr 2025 $400K
Series D Mar 2023 $125M
Series C Sep 2021 $100M
Tech stack
ahrefsapple icloud mailaudioeyebootstrapcloudflarecloudflare bot management+14
#4
$785M Raised
expand_more
location_onKincardine, Ontario
Founded
2001
Employees
4,200
Funding raised
$785M
Stage
Seed

Bruce Power is a nuclear power generator. The company generates almost 30 percent of Ontarios power. They have 8 active power units in operation with a total installed capacity of 6,384 MW and an annual generation capacity of 47,630 GWh of power.

Funding rounds (2 disclosed of 3)
Round Date Amount
Conventional Debt Dec 2024 $389.5M
Conventional Debt Nov 2021 $395.5M
Seed 2003 Undisclosed
Tech stack
amazon web servicesbackbone.jsbootstrapcdnjscloudflareconcrete cms+14
#5
Parallel Seed
$85M Raised
expand_more
location_onOntario, Ontario
Founded
2019
Employees
47
Funding raised
$85M
Stage
Seed

Provider of installation services for multiple electrical equipment

Tech stack
cloudflarecloudflare bot managementcore-jsfacebook pixelgoogle analyticsgoogle cloud+14
#6
Petrolympic Public
$1.9M Raised
expand_more
location_onToronto, Ontario
Founded
2006
Employees
4
Funding raised
$1.9M
Stage
Public

Junior mining company focused on gold and lithium exploration and development. It acquires strategic land positions and conducts exploration programs to advance its gold and lithium projects. The company aims to deliver returns to shareholders by concentrating on properties with high potential for gold and lithium deposits. Its exploration efforts are primarily focused on advancing its gold and lithium projects. A se

Funding rounds (7 disclosed of 7)
Round Date Amount
Post IPO Feb 2026 $304.5K
Post IPO Mar 2025 $103.7K
Post IPO Dec 2023 $200K
Post IPO Nov 2022 $647K
Post IPO Sep 2022 $186K
Post IPO Sep 2021 $400K
1 earlier round — sign up free
Tech stack
cart functionalitysquarespace commercesquarespacestimuluspriority hintsgoogle font api+2
#7
$21.9M Raised
expand_more
location_onToronto, Ontario
Founded
2011
Employees
25
Funding raised
$21.9M
Stage
Public

Provider of environmental services

Funding rounds (9 disclosed of 9)
Round Date Amount
Post IPO May 2025 $1.4M
Post IPO Nov 2024 $2.4M
Grant (prize money) Mar 2024 $5.2M
Post IPO Jul 2023 $5M
Grant (prize money) Jun 2022 $2.2M
Grant (prize money) Aug 2021 $235.8K
3 earlier rounds — sign up free
Founders & key people
Tech stack
bootstrapgoogle analyticsgoogle cloudgoogle cloud cdngsaphsts+10
#8
Stormfisher Acquired
$372.1M Raised
expand_more
location_onLondon, Ontario
Founded
2006
Employees
50
Funding raised
$372.1M
Stage
Acquired

Provider of organic waste, energy, and water recycling services

Funding rounds (2 disclosed of 2)
Round Date Amount
PE Mar 2024 $22.1M
PE Feb 2008 $350M
Tech stack
cart functionalitychart.jscloudflarecloudflare bot managementcloudflare browser insightscloudflare rocket loader+14
#9
Jade Power Public
$43.2M Raised
expand_more
location_onToronto, Ontario
Founded
2014
Funding raised
$43.2M
Stage
Public

Developer of solar and wind energy projects

Funding rounds (1 disclosed of 2)
Round Date Amount
Post IPO Sep 2024 Undisclosed
Post IPO Jan 2018 $43.2M
Founders & key people
#10
Anaergia Public
$45.8M Raised
expand_more
location_onBurlington, Ontario
Founded
1982
Employees
91
Funding raised
$45.8M
Stage
Public

Provider of organic waste into renewable fuel services

Funding rounds (3 disclosed of 3)
Round Date Amount
Post IPO Jul 2024 $10.8M
Post IPO Jan 2024 $30.7M
PE Oct 2013 $45.8M
Tech stack
akismetapple icloud mailbootstrapbugherdcdnjscloudflare+14
#11
Enerev5 Public
$95.1K Raised
expand_more
location_onToronto, Ontario
Founded
1980
Funding raised
$95.1K
Stage
Public

{}

Funding rounds (1 disclosed of 2)
Round Date Amount
Post IPO Mar 2026 $95.1K
Post IPO Dec 2022 Undisclosed
Founders & key people
#12
Ontario Power Generation Funding Raised
$891.1M Raised
expand_more
location_onToronto, Ontario
Founded
1999
Employees
6,956
Funding raised
$891.1M
Stage
Funding Raised

Provider of nuclear and hydro power generation services

Funding rounds (2 disclosed of 3)
Round Date Amount
Conventional Debt Feb 2021 $391.1M
Conventional Debt Jan 2019 $500M
Conventional Debt Jun 2018 Undisclosed
Tech stack
apache http serverazureazure front doorbackbone.jsbeaver builderbootstrap+14

Recent signals in Ontario Energy

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Funding & investor landscape

Total raised
$4.6B
across these companies
Companies funded
53
with disclosed funding
Highest-funded
$891.1M raised

Most active investors

Sustainable Development Technology Canada Sustainable Development Technology Canada 8 investments in Energy Accelerator Centre Accelerator Centre 6 investments in Energy MaRS Discovery District MaRS Discovery District 4 investments in Energy Ontario Centre of Innovation Ontario Centre of Innovation 4 investments in Energy BDC BDC 3 investments in Energy ARC Financial ARC Financial 2 investments in Energy Berq Capital Berq Capital 2 investments in Energy Bioindustrial Innovation Canada Bioindustrial Innovation Canada 2 investments in Energy Birch Hill Equity Partners Birch Hill Equity Partners 2 investments in Energy Goldman Sachs Goldman Sachs 2 investments in Energy Government of Canada Government of Canada 2 investments in Energy Monteco Monteco 2 investments in Energy

Notable founders in Ontario Energy

FT Franco Traverso Co-Founder Silfab Solar · $225M raised
Paolo Maccario Paolo Maccario President and CEO Silfab Solar · $225M raised
Andrew White Andrew White CEO Char Technologies · $21.9M raised
SW Shalya Williams CEO Jade Power · $43.2M raised
BH Brett Hodson CEO Anaergia · $45.8M raised
AO Assaf Onn CEO Anaergia · $45.8M raised
AB Andrew Benedek CEO & Chairman Anaergia · $45.8M raised
JO John ODonnell CEO Enerev5 · $95.1K raised
MJ Mark Jarvis CEO & Director Shoal Point Energy · $8.1M raised
RW Rod West CEO Algonquin Power · $310M raised
Martin Pochtaruk Martin Pochtaruk CEO & President Heliene · $20M raised

Frequently asked questions

How many Energy companies are there in Ontario, Canada?
Radar tracks 356 indexable Energy companies headquartered in Ontario, Canada, India, that meet our profile-completeness bar.
What is the total funding raised by Energy companies in Ontario, Canada?
The Energy companies in Ontario, Canada on this list have raised a combined $4.6B in disclosed equity funding across 53 funded companies.
Which is the highest-funded Energy company in Ontario, Canada?
Ontario Power Generation is the highest-funded Energy company in Ontario, Canada, with $891.1M in disclosed equity funding.
How many Energy companies in Ontario, Canada are funded?
53 of the 356 Energy companies in Ontario, Canada on this list have disclosed at least one equity funding round.
How many Energy unicorns are there in Ontario, Canada?
None of the Energy companies in Ontario, Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Ontario, Canada Energy companies?
The most active investors in Ontario, Canada Energy companies on this list include Sustainable Development Technology Canada, Accelerator Centre, MaRS Discovery District, Ontario Centre of Innovation, BDC.

Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-18.

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