Best Energy Companies in Quebec, Canada
The 101 best Energy companies in Quebec, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Boralex.
Our analysis of 50 Energy companies
$8.2b in tracked funding; 81% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy companies in Quebec
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Boralex Developer of renewable energy projects 72Funding top 29%News top 31%Market top 38%Growth top 40% All 11 signals ▾Fundingtop 29% Newstop 31% Markettop 38% Growthtop 40% Moattop 42% Innovationtop 43% Talenttop 46% Globaltop 47% Techtop 50% Partnersbottom 47% Patentsbottom 44% Funding: Raised $777M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) News: 23 BI events in 12 mo (of 235 tracked, 11 types) · +44% YoY rank vs industry peers · Fliar Intelligence Index 72/100 | $777M | 95 mo ago | Acquired | Patrick Decostre President & Chief Executive Officer | 1982 | DrupalApple iCloud MailMicrosoft 365+17 | 11 patents Advanced control algorithms and systems for wind turbine operation and optimization | 1 partnership · 1 award |
| 2 | Innergex Renewable energy based IPP 57Tech top 22%Funding top 33%Product top 33%News top 40% All 11 signals ▾Techtop 22% Fundingtop 33% Producttop 33% Newstop 40% Moattop 42% Innovationtop 43% Markettop 45% Talenttop 46% Patentsbottom 48% Growthbottom 42% Globalbottom 33% Tech: 42 technologies across 6/8 capability areas · Cloud: Cloudflare, Vercel Funding: Raised $526M across 5 rounds · 5 rounds over 19 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $526M | 51 mo ago | Acquired | Michel Letellier President and Chief Executive Officer | 1990 | SentryApple iCloud MailMicrosoft 365+19 | 7 patents Real-time blade deflection monitoring for wind turbine structural health management | — |
| 3 | Airex Energy Provider of biomass torrefaction technology development services | $41M | 25 mo ago | Series D | Ias Michel Gagnon Icd Chief Executive Officer | 2008 | WordPressMySQLPHP+18 | — | — |
| 4 | Agrisoma Carinata oil seed producer | $33M | 99 mo ago | Series C | — | 2001 | — | 4 patents Engineering plant artificial chromosomes for genetic modification and trait integration | — |
| 5 | Flyscan Provider of leak detection products and services for oil and gas industry | $8M | 45 mo ago | Seed | Eric Bergeron CEO and Founder | 2015 | WordPressApple iCloud MailMicrosoft 365+20 | — | 3 job openings · 1 launch |
| 6 | Groupe Beaudoin Provider of HVAC equipment O&M services for residential and commercial consumers | $795K | 62 mo ago | Early Stage | — | 1976 | WordPressVisual ComposerwpBakery+30 | 6 patents Patents concentrated in construction | 1 job opening |
| 7 | StarCore Nuclear Developer of cutting-edge small modular reactors 8Tech top 49%Funding bottom 44%Global bottom 25%Market bottom 14% All 4 signals ▾Techtop 49% Fundingbottom 44% Globalbottom 25% Marketbottom 14% Tech: 29 technologies across 3/8 capability areas · Cloud: Cloudflare Funding: Raised $50.0k across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 8/100 | $50K | 4 mo ago | Seed | — | 2008 | WordPressMySQLPHP+26 | — | — |
| 8 | Citera AI driven energy analytics and decision support for real estate acquisition and operations | $20K | 24 mo ago | Seed | Daniel Lavinskas Founder & CEO | 2023 | — | — | — |
Top 12 Energy companies in Quebec
#1
Series D · Laval, Quebec · founded 2008 · 26 employees$40.5Mraised▾
Provider of biomass torrefaction technology development services
- May 2024Series D—
- Mar 2023Series B$27.5M
- Feb 2017Series A$10M
- Jun 2014Seed$3M
#2
Acquired · Longueuil, Quebec · founded 1990 · 538 employees$526.4Mraised▾
Innergex is a renewable energy-based independent power producer that develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms.
- Feb 2022Post IPO$37.3M
- Sep 2021Post IPO$201.3M
- Jun 2018Post IPO$150M
- Apr 2016Post IPO$38.9M
#3
Seed · Montreal, Quebec · founded 2008 · 5 employees$50Kraised▾
Operator of a Canadian nuclear energy company intended to develop small modular reactors using high-temperature gas-cooled reactor technology. The company offers small-scale, safe, affordable, and carbon-free power production in remote communities throughout Canada and the world.
- Feb 2026Seed$50K
#4
Acquired · Kingsey Falls, Quebec · founded 1982 · 626 employees$776.9Mraised▾
Developer of renewable energy projects
- Jul 2018Post IPO$51.8M
- Mar 2018Conventional Debt$232.5M
- Mar 2018Conventional Debt$356.6M
- Feb 2018Conventional Debt$136M
#5
Seed · Quebec City, Quebec · founded 2015 · 10 employees$7.8Mraised▾
Provider of leak detection products and services for oil and gas industry
- Sep 2022Seed$3.5M
- May 2021Grant (prize money)$1.5M
- Aug 2020Seed$4.3M
#6
Series C · Gatineau, Quebec · founded 2001 · 16 employees$32.8Mraised▾
Agrisoma Biosciences an agriculture technology company, develops and commercializes carinata, a non-food oilseed crop for the commercial production of oil for biodiesel, advanced biofuel production and animal nutrition. The company sells its carinata seed products for farmers to grow carinata in their rotation or on their fallow land for the production of renewable oil. Agrisoma is commercializing carinata crop under the brand name Resonance Energy Feedstock . Resonance carinata has been used to produce biodiesel, renewable diesel and biojet fuel, powering both air and surface transportation.
- Mar 2018Series C$9.4M
- Apr 2017Series B$15.4M
- Sep 2014Series A$8M
- Jan 2012Grant (prize money)$490K
#7
Early Stage · Levis, Quebec · founded 1976 · 200 employees$794.9Kraised▾
Provider of HVAC equipment O&M services for residential and commercial consumers
#8
Seed · Montreal, Quebec · founded 2023$20Kraised▾
Citera is an AI-driven energy analytics platform that provides decision support for real estate acquisition and operations. Their intelligent solution simplifies energy tracking for properties, driving positive environmental impacts.
- 2024Seed$20K
#9
Seed · Montreal, Quebec · founded 2011—raised▾
Manufacturer of offshore wind turbine and solar panel installation services for renewable energy storage services
- Nov 2023Seed—
#10
Public · Blainville, Quebec · founded 1967 · 600 employees—raised▾
Manufacturer of gas purification, compression, and filtration equipment. This company develops and services equipment for biogas upgrading, hydrogen upgrading, natural gas treatment, and compressed air systems. Products include compressors, dryers, filters, and desiccants. Services encompass maintenance for various brands of compressors and air dryers. The focus is on providing solutions for renewable gas purification and air and gas treatment.
#11
Funding Raised · Quebec City, Quebec · founded 1994—raised▾
Manufacturer of high accuracy measurement instruments for the power utilities
#12
Seed · Mount Royal, Quebec · founded 2010—raised▾
Windiga Energy is a Canadian-based independent power producer focused on developing, owning and operating renewable energy facilities in Africa. Business areas include solar energy, hydropower and biomass plants. Services include pre-feasibility studies, design, installation, financing, monitoring and others. Developed a 22.6MW solar power plant in Burkina Faso, a 47MW solar power plant in Ghana and others.
- Jun 2017Seed—
Funding & investor landscape
Notable founders
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
Common questions
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.