Radar · Energy in Toronto
Best Energy Companies in Toronto, Canada
The 126 best Energy companies in Toronto, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Ontario Power Generation.
By Rohit KhannaTrends & Stories
126companies tracked
$1.6Bdisclosed funding
0unicorns
31have raised
FLIAR INTELLIGENCE · ENERGY × TORONTO
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.
50companies analysed
81%cloud-native stacks
2025funding peak (by rounds)
2010median founding year
43median Fliar Index™
461kcombined LinkedIn audience
75%of audience held by top 3
4companies hiring publicly (12 mo)
Ranked: Best Energy companies in Toronto
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Ontario Power Generation Provider of nuclear and hydro power generation services 78Tech top 21%Patents top 22%Innovation top 24%Moat top 31% All 10 signals ▾Techtop 21% Patentstop 22% Innovationtop 24% Moattop 31% Markettop 33% Fundingtop 33% Partnerstop 50% Globalbottom 45% Newsbottom 40% Growthbottom 32% Tech: 57 technologies across 5/8 capability areas · Cloud: Azure, Cloudflare Patents: 84 patents matched (strict assignee match) · 26 filings since 2022 vs 27 in 2017-21 rank vs industry peers · Fliar Intelligence Index 78/100 | $891M | 64 mo ago | 6,956 | — | WordPressMySQLPHP+29 | 84 patents Non‑destructive inspection and monitoring of nuclear fuel channels and thermal performance. | 1 job opening |
| 2 | Potentia Renewables Developer and operator of wind farms and solar parks | $202M | 76 mo ago | 86 | Jeff Jenner CEO | WordPress Block EditorWordPressMySQL+18 | — | 1 award |
| 3 | Northland Power Provider of solar energy power producer | $158M | 62 mo ago | 1,339 | James Temerty Founder | Google MapsMediaElement.jsBootstrap+21 | — | — |
| 4 | Lithium Royalty Corp Provider of battery services | $71M | 65 mo ago | 4 | Ernie Ortiz Managing Director | — | — | — |
| 5 | Eco (Atlantic) Oil & Gas Provider of offshore oil and gas exploration and production services 55News top 22%Growth top 25%Funding top 31%Partners top 36% All 8 signals ▾Newstop 22% Growthtop 25% Fundingtop 31% Partnerstop 36% Techtop 48% Moattop 48% Globalbottom 38% Marketbottom 28% News: 24 BI events in 12 mo (of 59 tracked, 10 types) · +700% YoY Growth: Web rank 50,000,000 → 10,000,000 YoY · 1 acquisition/expansion move in 24 mo rank vs industry peers · Fliar Intelligence Index 55/100 | $67M | 4 mo ago | 6 | — | WordPressMySQLPHP+19 | — | — |
| 6 | Jade Power Developer of solar and wind energy projects 72Growth top 15%News top 37%Funding top 39%Talent bottom 49% All 5 signals ▾Growthtop 15% Newstop 37% Fundingtop 39% Talentbottom 49% Globalbottom 25% Growth: Fresh capital in last 24 mo News: 5 BI events in 12 mo (of 10 tracked, 5 types) · +150% YoY rank vs industry peers · Fliar Intelligence Index 72/100 | $43M | 20 mo ago | — | Shalya Williams CEO | — | — | — |
| 7 | OYA Renewables Provider of solar energy services | $35M | 68 mo ago | 70 | — | WordPressMySQLPHP+26 | — | — |
| 8 | Char Technologies Provider of environmental services 55Growth top 28%Funding top 32%Tech top 44%Talent bottom 49% All 6 signals ▾Growthtop 28% Fundingtop 32% Techtop 44% Talentbottom 49% Globalbottom 48% Marketbottom 29% Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo Funding: Raised $21.9M across 9 rounds · 9 rounds over 8 yrs (1.1/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $22M | 13 mo ago | 25 | Andrew White CEO | Wix eCommerceWixSentry+13 | — | — |
| 9 | Nexus Renewables Developer of solar and wind energy projects | $18M | 36 mo ago | 2 | — | — | — | — |
| 10 | JCM Power Independent renewable energy power producer | $15M | 78 mo ago | — | Martin Ritchie Co-Founder | BreakdanceWordPressMySQL+18 | — | — |
| 11 | Decklar Resources Provider of oil & gas exploration and production services | $12M | 60 mo ago | 406 | — | — | — | — |
| 12 | NRStor Energy storage project developer | $11M | 101 mo ago | 16 | — | WordPressMySQLPHP+23 | — | — |
| 13 | Pure Energies Solar avisor and rooftop solar installer | $11M | 156 mo ago | 200 | Ryan McCalley Co-Founder | — | — | — |
| 14 | Adira Energy Exploration and development of oil and gas properties in onshore and offshore Israel | $11M | 165 mo ago | — | Alan Friedman Co Founder & CEO | — | — | — |
| 15 | Shoal Point Energy Operator of urban bistros and bakeries offering breakfast, brunch, and lunch | $8M | 26 mo ago | 3 | Mark Jarvis CEO & Director | — | — | — |
| 16 | Rift Energy Oil & gas exploration and development company | $8M | 168 mo ago | 2 | Kenneth Hern CEO | — | — | — |
| 17 | Greenfield Bioethanol and co product manufacturer | $8M | 183 mo ago | 454 | Howard Field President And Chief Executive Officer | WordPressApple iCloud MailMySQL+26 | 28 patents Converts alcohols into synthetic jet fuel via catalytic biofuel synthesis processes. | 2 awards |
| 18 | Green Shift Commodities Developer of nuclear energy projects 22Funding top 41%News top 47%Talent bottom 49%Market bottom 29% All 5 signals ▾Fundingtop 41% Newstop 47% Talentbottom 49% Marketbottom 29% Globalbottom 25% Funding: Raised $4.7M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) News: 2 BI events in 12 mo (of 25 tracked, 7 types) · +100% YoY rank vs industry peers · Fliar Intelligence Index 22/100 | $5M | 23 mo ago | 11 | Trumbull Fisher CEO | — | — | — |
| 19 | Latitude Uranium Company engaged in the exploration and development of district-scale uranium projects | $4M | 31 mo ago | — | John Jentz CEO | — | — | — |
| 20 | Nickel 28 Provider of nickel and cobalt energy storage services | $3M | 37 mo ago | 4 | Justin Cochrane President | Apache HTTP Servercore-jsOWL Carousel+14 | — | — |
| 21 | Electryon Power Provider of solar & wind energy research services | $3M | 54 mo ago | — | Alvaro M CEO | — | — | — |
| 22 | Quantec Geoscience Provider of advanced geophysical subsurface imaging services for resource exploration | $3M | 234 mo ago | 100 | — | WordPressMySQLPHP+15 | 2 patents Ultra-low-noise magnetometers for high‑precision geophysical magnetic field measurements | — |
| 23 | Uranium One Producer of uranium | $3M | 194 mo ago | 216 | — | 1C-BitrixPHPCloudflare+9 | — | — |
| 24 | JHI Associates Deepwater oil and gas exploration company focused on frontier exploration | $2M | 59 mo ago | 8 | Richard Boyce Co-Founder & Director | — | — | — |
| 25 | MAPS Power Provider of renewable energy services | $2M | 47 mo ago | 8 | Daniel McGuire Founder | — | — | — |
| 26 | Petrolympic Junior mining company focused on gold and lithium exploration and development 37Product top 14%Talent top 15%Innovation top 20%Funding top 43% All 8 signals ▾Producttop 14% Talenttop 15% Innovationtop 20% Fundingtop 43% Techbottom 25% Globalbottom 25% Newsbottom 21% Marketbottom 20% Product: 9 distinct product lines · Company stage: Public Talent: Analyst team rating 5/5 rank vs industry peers · Fliar Intelligence Index 37/100 | $2M | 4 mo ago | 4 | — | — | — | — |
| 27 | Laconic Developer of wind energy projects | $1M | 51 mo ago | — | Philip Kenny CEO | — | — | — |
| 28 | AOC Oil production company | $498K | 101 mo ago | — | Paul Haber Executive Chairman and Co-Founder | — | — | — |
Top 12 Energy companies in Toronto
#1
Public · Toronto, Ontario · founded 2007 · 6 employees$66.6Mraised▾
Public · Toronto, Ontario · founded 2007 · 6 employees
Provider of offshore oil and gas exploration and production services
Fliar Intelligence Index™ 55how this company ranks against its industry peers
News
top 22%Growth
top 25%Funding
top 31%Partners
top 36%Tech
top 48%Moat
top 48%News: 24 BI events in 12 mo (of 59 tracked, 10 types) · +700% YoY · 7 high-value events (IPO/M&A/funding/contracts) in 12 mo
Growth: Web rank 50,000,000 → 10,000,000 YoY · 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo
Funding: Raised $66.6M across 7 rounds · 7 rounds over 9 yrs (0.8/yr) · Last round Post IPO (Jan 2026)
Audience (LinkedIn): 12k LinkedIn followers — 2.5% of this cohort's audience
Funding rounds
- Jan 2026Post IPO$10M
- Jun 2022Post IPO$12.3M
- Jun 2021Post IPO$5M
- Apr 2019Post IPO$5M
Investors
Africa Oil Corp, Charlestown Capital Advisors, Westmount Energy, Seacrest Capital Group
Tech stack
Amazon AlbAmazon Web ServicesAws Certificate ManagerCdnjsCloudflareCloudflare Bot Management
#2
Public · Toronto, Ontario · founded 2006 · 4 employees$1.9Mraised▾
Public · Toronto, Ontario · founded 2006 · 4 employees
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 secondary focus involves advancing conventional natural gas and light oil projects.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Product
top 14%Talent
top 15%Innovation
top 20%Funding
top 43%Tech
bottom 25%Global
bottom 25%Product: 9 distinct product lines · Company stage: Public
Talent: Analyst team rating 5/5
Innovation: 9 product lines
Funding rounds
- Feb 2026Post IPO$304.5K
- Mar 2025Post IPO$103.7K
- Dec 2023Post IPO$200K
- Nov 2022Post IPO$647K
Tech stack
Cart FunctionalitySquarespace CommerceSquarespaceStimulusPriority HintsGoogle Font Api
#3
Public · Toronto, Ontario · founded 2011 · 25 employees$21.9Mraised▾
Public · Toronto, Ontario · founded 2011 · 25 employees
Provider of environmental services
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Growth
top 28%Funding
top 32%Tech
top 44%Talent
bottom 49%Global
bottom 48%Market
bottom 29%Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo
Funding: Raised $21.9M across 9 rounds · 9 rounds over 8 yrs (1.1/yr) · Last round Post IPO (May 2025)
Tech: 17 technologies across 6/8 capability areas · Cloud: Google Cloud, Google Cloud Cdn · Devops: Envoy
Audience (LinkedIn): 5k LinkedIn followers
Funding rounds
- May 2025Post IPO$1.4M
- Nov 2024Post IPO$2.4M
- Mar 2024Grant (prize money)$5.2M
- Jul 2023Post IPO$5M
Founders & team
Investors
ArcelorMittal, Government of Canada, Canadian Space Agency, Natural Gas Innovation Fund, Thebmigroup, Sustainable Development Technology Canada
Tech stack
BootstrapGoogle AnalyticsGoogle CloudGoogle Cloud CdnGsapHsts
#4
Public · Toronto, Ontario · founded 2014$43.2Mraised▾
Public · Toronto, Ontario · founded 2014
Developer of solar and wind energy projects
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 15%News
top 37%Funding
top 39%Talent
bottom 49%Global
bottom 25%Growth: Fresh capital in last 24 mo
News: 5 BI events in 12 mo (of 10 tracked, 5 types) · +150% YoY · Top themes: Announcements
Funding: Raised $43.2M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) · Last round Post IPO (Sep 2024)
Funding rounds
- Sep 2024Post IPO—
- Jan 2018Post IPO$43.2M
Founders & team
#5
Public · Toronto, Ontario · founded 1980$95.1Kraised▾
Public · Toronto, Ontario · founded 1980
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Fliar Intelligence Index™ 32how this company ranks against its industry peers
Talent
bottom 49%Funding
bottom 48%Global
bottom 25%Talent: 1 named leader on record · 1 C-suite/founder profile curated
Funding: Raised $95.1k across 1 rounds · 1 rounds over 4 yrs (0.2/yr) · Last round Post IPO (Mar 2026)
Global: Single-market focus (Canada)
Funding rounds
- Mar 2026Post IPO$95.1K
- Dec 2022Post IPO—
Founders & team
#6
Funding Raised · Toronto, Ontario · founded 1999 · 6956 employees$891.1Mraised▾
Funding Raised · Toronto, Ontario · founded 1999 · 6956 employees
Provider of nuclear and hydro power generation services
Fliar Intelligence Index™ 78how this company ranks against its industry peers
Tech
top 21%Patents
top 22%Innovation
top 24%Moat
top 31%Market
top 33%Funding
top 33%Tech: 57 technologies across 5/8 capability areas · Cloud: Azure, Cloudflare · Observability: Dynatrace
Patents: 84 patents matched (strict assignee match) · 26 filings since 2022 vs 27 in 2017-21 · Latest publication 2026
Innovation: 84 patents (top 4% of patent-holders) · 26 filings since 2022 vs 27 in 2017-21
Audience (LinkedIn): 192k LinkedIn followers — 41.6% of this cohort's audience · 100 engagements/post (2.3× cohort median)
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Information technology (IT) specialists
Funding rounds
- Feb 2021Conventional Debt$391.1M
- Jan 2019Conventional Debt$500M
- Jun 2018Conventional Debt—
Investors
National Bank Financial Wealth Management, TD Securities, RBC Dominion Securities, CIBC World Markets, Scotiabank, HSBC
Tech stack
Apache Http ServerAzureAzure Front DoorBackbone.JsBeaver BuilderBootstrap
#7
Public · Toronto, Ontario · founded 2005 · 11 employees$4.7Mraised▾
Public · Toronto, Ontario · founded 2005 · 11 employees
Developer of nuclear energy projects
Fliar Intelligence Index™ 22how this company ranks against its industry peers
Funding
top 41%News
top 47%Talent
bottom 49%Market
bottom 29%Global
bottom 25%Funding: Raised $4.7M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) · Last round Post IPO (Jun 2024)
News: 2 BI events in 12 mo (of 25 tracked, 7 types) · +100% YoY · Top themes: M&A
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Funding rounds
- Jun 2024Post IPO$1.5M
- Jun 2024Post IPO$848K
- Dec 2022Post IPO$2.3M
Founders & team
#8
Public · Toronto, Ontario · founded 2006 · 3 employees$8.1Mraised▾
Public · Toronto, Ontario · founded 2006 · 3 employees
Operator of urban bistros and bakeries offering breakfast, brunch, and lunch. The establishments feature freshly made pastries, including croissants and Danish, alongside signature desserts like macarons and tarts. Savory options include salads, sandwiches, soups, and vegetable-focused main dishes. One location accepts reservations, while the other does not. Both locations offer pet-friendly patio seating.
Funding rounds
- Apr 2024Post IPO—
- Mar 2023Post IPO$227.5K
- Mar 2021Post IPO$44.6K
- Jul 2020Post IPO$50.2K
Founders & team
#9
Public · Toronto, Ontario · founded 1987 · 1339 employees$157.5Mraised▾
Public · Toronto, Ontario · founded 1987 · 1339 employees
Provider of solar energy power producer
Funding rounds
- Apr 2021Post IPO—
- Jan 2015Post IPO$157.5M
Founders & team
Tech stack
Apple Icloud MailCdnjsCloudflareDocusignGoogle AnalyticsGoogle Font Api
#10
Funding Raised · Toronto, Ontario · founded 2011 · 86 employees$201.7Mraised▾
Funding Raised · Toronto, Ontario · founded 2011 · 86 employees
Potentia Renewables develops, owns and operates renewable energy projects on a large-scale. Developed the Stirling Wind Project of 300MW and a 33MW solar power park in Minnesota. Claims to have 693 operating projects, which generates an aggregate capacity of 119.7MW in Canada alone. Has a 200MW wind power facility in the pipeline.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 14k LinkedIn followers — 3.0% of this cohort's audience
Activity: 1 awards announced in 12 mo
Funding rounds
- Feb 2020Conventional Debt$201.7M
Founders & team
Investors
National Bank of Canada, MacKinnon, Bennett & Company
Tech stack
Apache Http ServerContact Form 7CookieyesElementorFont AwesomeGodaddy
#11
Acquired · Toronto, Ontario · founded 2020 · 2 employees$18.3Mraised▾
Acquired · Toronto, Ontario · founded 2020 · 2 employees
Developer of solar and wind energy projects
LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers
Funding rounds
- Jun 2023Conventional Debt$13.3M
- Sep 2022Conventional Debt$5M
Investors
Aiga Capital, Scale Microgrids
#12
Public · Toronto, Ontario · founded 2016 · 4 employees$70.7Mraised▾
Public · Toronto, Ontario · founded 2016 · 4 employees
Provider of battery services
LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Activity: 1 product launches · 1 partnerships (incl. Lithium Royalty Corp.) announced in 12 mo
Funding rounds
- Jan 2021PE$70.7M
Founders & team
Investors
Riverstone Holdings, Altius
Funding & investor landscape
$1.6Btotal disclosed funding
30companies funded
67disclosed rounds
0rounds last 90 days
Most active investors
ArcelorMittal1 rounds
Notable founders
Andrew White
CEO · Char Technologies
Shalya Williams
CEO · Jade Power
John ODonnell
CEO · Enerev5
Trumbull Fisher
CEO · Green Shift Commodities
Mark Jarvis
CEO & Director · Shoal Point Energy
James Temerty
Founder · Northland Power
Mike Crawley
President & Chief Executive Officer (departing Sept. 30th 2024) · Northland Power
Jeff Jenner
CEO · Potentia Renewables
Ernie Ortiz
Managing Director · Lithium Royalty Corp
John Jentz
CEO · Latitude Uranium
Justin Cochrane
President · Nickel 28
Martin Ritchie
Co-Founder · JCM Power
Prism market signals · Canada · country-scoped Prism corpus, 8,342,543 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 IN TORONTO · Energy
How research on Energy Storage in Toronto is moving
A read on the academic research around Energy Storage in Toronto — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 70 papers.
Toronto's University of Toronto and Toronto Metropolitan University dominantly research supercapacitor and advanced battery materials, with optimistic advancement focus and minimal concern.
70 papers · stance +0.50 · 25% breakthrough · 8% concern
top institutions
- University of Toronto44
- Toronto Metropolitan University26
- Toronto and Region Conservation Authority2
- Toronto Public Health1
leading researchers
Keryn Lian · Alan S. Fung · Bala Venkatesh · Dian Yu · Jane Y. Howe · Kerstin Köble
prism intelligence · tone & topics
94% positive · 3% critical tone
BusinessMaterials ScienceEnvironmentAutomotiveReal EstateSustainability
▲
Breakthroughs16 · 23%
▼ 29%→22% share
▼0.8× share momentum4 median citations81% since 2021mostly methods-led
Anode and Redox research newly emerging in Toronto breakthroughs, each with 3 papers signaling fresh focus.
rising sub-themes (early→recent)
- Anode3
- Redox3
- Battery (electricity)3
- Renewable energy3
- Supercapacitor2
Newly emergingAnode 0→3 · Renewable energy 0→3
Landmark Knitted and screen printed carbon-fiber supercapacitors for applications in wearable electronics · 542 cites
◆
Advancements43 · 61%
▲ 14%→67% share
▲4.8× share momentum1 median citations93% since 2021mostly methods-led
Advancements dominate, field-share surging 14%→67%; Electrochemistry and Renewable energy each debuted with 8 papers.
rising sub-themes (early→recent)
- Battery (electricity)1→6
- Supercapacitor1→4
Newly emergingElectrochemistry 0→8 · Renewable energy 0→8 · Electrolyte 0→7
Landmark An Overview of SMES Applications in Power and Energy Systems · 543 cites
▼
Concerns5 · 7%
▼ 14%→7% share
▼0.5× share momentum0 median citations80% since 2021mostly reviews
Concern research halved 14%→7%; Energy signal-processing rising to 2 papers despite shrinking segment.
rising sub-themes (early→recent)
- Energy (signal processing)2
- Battery (electricity)1
- Transformative learning1
- Sustainable energy1
- Bridge (graph theory)1
Landmark The rise of organic electrode materials for energy storage · 1,060 cites
Common questions
How many Energy companies are there in Toronto, Canada?
Radar tracks 126 indexable Energy companies headquartered in Toronto, Canada that meet our profile-completeness bar.
What is the total funding raised by Energy companies in Toronto, Canada?
The Energy companies in Toronto, Canada on this list have raised a combined $1.6B in disclosed equity funding across 30 funded companies.
Which is the highest-funded Energy company in Toronto, Canada?
Ontario Power Generation is the highest-funded Energy company in Toronto, Canada, with $891.1M in disclosed equity funding.
How many Energy companies in Toronto, Canada are funded?
30 of the 126 Energy companies in Toronto, Canada on this list have disclosed at least one equity funding round.
How many Energy unicorns are there in Toronto, Canada?
None of the Energy companies in Toronto, Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Toronto, Canada Energy companies?
The most active investors in Toronto, Canada Energy companies on this list include MaRS Discovery District, Sustainable Development Technology Canada, Ontario Centre of Innovation, Westmount Energy, Accelerator Centre.
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.