Radar · Energy Efficiency Tech in Canada
Best Energy Efficiency Tech Companies in Canada
The 275 best Energy Efficiency Tech companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Amp.
By Rohit KhannaTrends & Stories
275companies tracked
$1.7Bdisclosed funding
0unicorns
73have raised
Tracking the best Energy Efficiency Tech companies in Canada by disclosed equity funding and recent momentum, this directory covers 275 companies and $1.7B in total capital raised across the sector. No unicorns yet, but the funding is real and it's concentrated. Hydro Ottawa sits at $235M, Xnrgy has pulled in $57M, and Parity is at $36M. That top tier pulls the average well above what most of the field has seen. Investors like Sustainable Development Technology Canada, BDC, and MaRS Discovery District keep showing up on cap tables, which tells you something about where institutional conviction is landing right now.
So what's moving the needle this quarter? Median install growth across energy apps is running at roughly +28% year-over-year across 138 tracked apps, and the hot themes I keep seeing are EV battery technology, solar electricity generation, and next-generation EV platforms. That's not a coincidence. Canada's grid complexity and its clean-tech policy environment are pushing founders toward electrification and demand-response solutions faster than most markets. If you're mapping the sector, the gap between the top five funded companies and the rest of the 275 is wide, which means there's still a lot of early-stage surface area worth watching.
FLIAR INTELLIGENCE · ENERGY EFFICIENCY TECH × CANADA
Our analysis of 50 Energy Efficiency Tech companies
$7.8b in tracked funding; 86% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
50companies analysed
86%cloud-native stacks
2025funding peak (by rounds)
4unicorns
2014median founding year
521kcombined LinkedIn audience
59%of audience held by top 3
8companies hiring publicly (12 mo)
Ranked: Best Energy Efficiency Tech companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Amp Developer of renewable energy assets, battery storage, and digital energy platforms 55Product top 26%Funding top 29%Growth top 30%Talent top 35% All 12 signals ▾Producttop 26% Fundingtop 29% Growthtop 30% Talenttop 35% Moattop 37% AItop 45% Globalbottom 47% Marketbottom 42% Techbottom 40% Innovationbottom 39% Patentsbottom 35% Newsbottom 27% Product: 11 distinct product lines · Company stage: Acquired Funding: Raised $528M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $528M | 52 mo ago | 41 | David Rogers Founder & CEO | HubSpot CMS HubBootstrapIsotope+17 | — | 8 patents Coordinated multi-device streaming and playback synchronization for digital audio/video content | — |
| 2 | Hydro Ottawa Provider of billing and energy monitoring services 72Funding top 20%Tech top 31%Growth top 35%Market top 37% All 7 signals ▾Fundingtop 20% Techtop 31% Growthtop 35% Markettop 37% Producttop 50% Globalbottom 25% Newsbottom 22% Funding: Raised $235M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Tech: 43 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Ses rank vs industry peers · Fliar Intelligence Index 72/100 | $235M | 16 mo ago | 680 | — | DrupalApple iCloud MailGoogle Workspace+24 | — | — | 1 job opening |
| 3 | ecobee Manufacturer of smart thermostats, sensors, cameras, and security system bundles 78AI top 15%Customers top 19%Tech top 23%Patents top 33% All 13 signals ▾AItop 15% Customerstop 19% Techtop 23% Patentstop 33% Fundingtop 34% Producttop 36% Markettop 37% Moattop 38% Talenttop 38% Innovationtop 42% Growthbottom 48% Globalbottom 42% Newsbottom 24% AI: Holds AI/ML patents (G06N-family CPC) Customers: Play-Store rating 4.30★ across 39,875 ratings (2 apps) · Review volume +45% in 6 mo rank vs industry peers · Fliar Intelligence Index 78/100 | $155M | 96 mo ago | 520 | Oksana Lvova Ceo | Amazon WebstoreContentfulApple iCloud Mail+37 | — | 82 patents Residential smart energy management and integrated home automation (thermostats, lighting, cameras). | 1 job opening |
| 4 | BrainBox AI Developer of an AI platform for building HVAC system optimization 60AI top 20%Funding top 27%Moat top 31%Patents top 38% All 12 signals ▾AItop 20% Fundingtop 27% Moattop 31% Patentstop 38% Talenttop 38% Innovationtop 46% Producttop 47% Markettop 48% Globalbottom 48% Techbottom 46% Growthbottom 42% Newsbottom 24% AI: Classified as an AI company Funding: Raised $103M across 7 rounds · 7 rounds over 6 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | $103M | 35 mo ago | 170 | Sean Neely Vice-Chair of the Board of Directors | HubSpot CMS HubApple iCloud MailMicrosoft 365+21 | — | 16 patents AI-optimized HVAC control systems for commercial building energy management | — |
| 5 | XNRGY Manufacturer of thermal management systems for data centers and healthcare 53Tech top 39%Moat top 39%Funding top 40%Growth top 42% All 8 signals ▾Techtop 39% Moattop 39% Fundingtop 40% Growthtop 42% Markettop 47% Talentbottom 49% Newsbottom 45% Globalbottom 36% Tech: 38 technologies across 4/8 capability areas · Cloud: Cloudflare Moat: Editorial + unicorn rating 5/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 53/100 | $57M | 7 mo ago | 217 | John Gocek Co-Founder & CFO | WordPressMySQLPHP+27 | 3 signals ▼25% Hiring · Funding | — | 1 expansion · 1 award |
| 6 | Otilu Mionics Developer of advanced materials for electronics, displays, and quantum computing | $55M | 43 mo ago | 54 | Michael Helander President & CEO | WordPressApple iCloud MailGoogle Workspace+12 | — | — | — |
| 7 | Cooledge LED sheet technology developer and manufacturer | $54M | 107 mo ago | 52 | William Sims CEO | Radix UITailwind CSSshadcn/ui+18 | — | — | — |
| 8 | Encycle Provider of wireless energy management solutions 24Funding top 35%Moat top 37%Product top 40%Patents top 49% All 10 signals ▾Fundingtop 35% Moattop 37% Producttop 40% Patentstop 49% Talentbottom 49% Innovationbottom 43% Globalbottom 43% Marketbottom 37% Techbottom 25% Newsbottom 22% Funding: Raised $45.7M across 8 rounds · 8 rounds over 15 yrs (0.5/yr) Moat: Editorial + unicorn rating 7/10 · IP moat: 18 patents rank vs industry peers · Fliar Intelligence Index 24/100 | $46M | 61 mo ago | 30 | Robert Chiste Chairman and CEO | — | — | 18 patents Intelligent HVAC control and fault detection via smart thermostat orchestration | 2 job openings |
| 9 | Sollum Technologies Dynamic LED lighting solutions for greenhouses, optimizing plant growth and productivity 57Talent top 28%Funding top 31%Moat top 39%Tech top 44% All 9 signals ▾Talenttop 28% Fundingtop 31% Moattop 39% Techtop 44% Growthtop 45% AItop 45% Marketbottom 39% Globalbottom 29% Newsbottom 18% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $42.0M across 8 rounds · 8 rounds over 9 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $42M | 41 mo ago | 45 | Gabriel Dupras Co-founder | WebflowVimeoMicrosoft Clarity+24 | — | — | — |
| 10 | Operto Provider of cloud-enabled property automation and access control solutions 72Global top 25%Tech top 26%Market top 38%Funding top 38% All 9 signals ▾Globaltop 25% Techtop 26% Markettop 38% Fundingtop 38% Moattop 39% Producttop 40% Growthtop 42% Talentbottom 49% Newsbottom 27% Global: Serving 60+ countries worldwide · Investors from 2 countries beyond Canada Tech: 64 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 72/100 | $41M | 39 mo ago | 140 | Steve Davis CEO | WordPressApple iCloud MailGoogle Workspace+34 | — | — | — |
| 11 | Distech Controls Building management solutions | $37M | 158 mo ago | 190 | — | SitecoreVideoJSYouTube+27 | — | 189 patents AI-driven IoT control of HVAC and building environmental systems | 1 partnership · 2 awards |
| 12 | Parity Platform for reducing energy consumption 48Product top 30%Funding top 32%Innovation top 34%Talent top 38% All 9 signals ▾Producttop 30% Fundingtop 32% Innovationtop 34% Talenttop 38% Moattop 39% Techbottom 45% Marketbottom 36% Globalbottom 36% Newsbottom 21% Product: 6 distinct product lines · Company stage: Series B Funding: Raised $35.7M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $36M | 24 mo ago | 23 | Brian MacLeod Co-Founder | — | — | — | 1 expansion |
| 13 | Fluent Home Provider of smart home security, automation, and energy management solutions | $30M | 147 mo ago | 189 | Graham Wood Founder & CEO | WordPressMySQLPHP+30 | — | — | — |
| 14 | IGNIS Innovation Provider of AMOLED display solutions | $28M | 132 mo ago | 23 | — | — | — | 1,090 patents Advanced AMOLED display calibration, compensation, and pixel circuit technologies | — |
| 15 | VendorPM SaaS-driven vendor bids management software for homeowners 40Funding top 38%Talent top 38%Tech top 45%Product bottom 48% All 7 signals ▾Fundingtop 38% Talenttop 38% Techtop 45% Productbottom 48% Marketbottom 40% Globalbottom 37% Newsbottom 22% Funding: Raised $26.0M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 40/100 | $26M | 45 mo ago | 56 | Dylan Sher Co-Founder & COO | WebflowSalesforceIntercom+32 | — | — | 1 job opening |
| 16 | Legend Power Provider of voltage reduction systems 40Funding top 21%Product top 24%Growth top 45%Tech top 48% All 10 signals ▾Fundingtop 21% Producttop 24% Growthtop 45% Techtop 48% Moatbottom 49% Newsbottom 48% Globalbottom 43% Innovationbottom 40% Marketbottom 37% Patentsbottom 34% Funding: Raised $24.3M across 12 rounds · 12 rounds over 17 yrs (0.7/yr) Product: 2 distinct product lines · Company stage: Public rank vs industry peers · Fliar Intelligence Index 40/100 | $24M | 4 mo ago | 37 | — | WordPressMySQLPHP+24 | — | 7 patents Voltage regulation and control systems for power distribution and transformer applications | 2 launchs |
| 17 | Mysa Provider of app-based connected thermostats | $23M | 55 mo ago | 114 | Zachary Green Co-Founder & COO | Cart FunctionalityShopifyApple iCloud Mail+34 | 5 signals ▲150% Funding | — | 2 job openings · 1 launch |
| 18 | ThoughtWire Provider of IoT predictive maintenance platform | $22M | 72 mo ago | 64 | Dale Hall Executive VP & Co-Founder | — | — | 32 patents Semantic data integration and sharing platform for enterprise software systems | — |
| 19 | Lumenpulse SaaS-driven smart LED lighting products for commercial, institutional and urban environments | $21M | 145 mo ago | 138 138 → 213 (+54%) | — | YouTubeVideoJSVue.js+19 | — | 32 patents Patents concentrated in electrical & electronics | — |
| 20 | Miru Smart Technologies Manufacturer of electrochromic windows 40Patents top 29%Innovation top 37%Moat top 37%Funding top 38% All 7 signals ▾Patentstop 29% Innovationtop 37% Moattop 37% Fundingtop 38% Techbottom 42% Globalbottom 40% Marketbottom 38% Patents: 20 patents matched (strict assignee match) · 20 filings since 2022 vs 0 in 2017-21 Innovation: 20 patents (top 52% of patent-holders) · 20 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 40/100 | $20M | 22 mo ago | 43 | — | WordPressMySQLPHP+19 | — | 20 patents Advanced electrochromic devices and ion-conducting polymer electrolyte film technologies | 1 launch · 1 partnership |
| 21 | Mnubo A cloud platform that provides M2M vertical applications to manage a wide range of machine-to-machine devices. | $18M | 92 mo ago | 60 | — | — | — | — | 1 launch |
| 22 | BluWave-ai Developer of artificial intelligence software for optimizing energy grid operations 64Innovation top 21%Patents top 24%Moat top 25%Talent top 25% All 11 signals ▾Innovationtop 21% Patentstop 24% Moattop 25% Talenttop 25% AItop 30% Fundingtop 40% Producttop 40% Globalbottom 40% Marketbottom 38% Techbottom 34% Newsbottom 22% Innovation: 51 patents (top 30% of patent-holders) · 42 filings since 2022 vs 9 in 2017-21 Patents: 51 patents matched (strict assignee match) · 42 filings since 2022 vs 9 in 2017-21 rank vs industry peers · Fliar Intelligence Index 64/100 | $18M | 42 mo ago | 46 | Paul Georges Leroux Co-Founder | jQueryHSTSGoogle Workspace+3 | — | 51 patents Smart EV charging management and load allocation for power grid optimization | 2 awards |
| 23 | Kontrol Provider of building management solutions for energy efficiency and sustainability 67Funding top 30%Market top 34%Product top 35%Innovation top 44% All 8 signals ▾Fundingtop 30% Markettop 34% Producttop 35% Innovationtop 44% AItop 45% Newstop 46% Growthtop 50% Globalbottom 29% Funding: Raised $17.6M across 8 rounds · 8 rounds over 5 yrs (1.6/yr) Market: 350 employees (top 12% of Real Estate and Construction Tech) rank vs industry peers · Fliar Intelligence Index 67/100 | $18M | 39 mo ago | 350 | — | — | 12 signals ▼37% Earnings · Announcements | — | — |
| 24 | LED Roadway Lighting Manufacturer of wireless streetlight controllers, smart city sensors, and software | $14M | 147 mo ago | 52 | Peter Conlon CEO | — | — | 81 patents Modular LED streetlights with tool‑less engines, sensor control, optics, and power accessories | 1 job opening |
| 25 | Audette Provider of cloud-enabled technology solutions for automated energy auditing and monitoring | $10M | 43 mo ago | 39 | Christopher Naismith Founder & CEO | WebflowApple iCloud MailGoogle Workspace+16 | — | — | — |
| 26 | QD Solar Developer pof quantum dot-based photovoltaic cells | $8M | 50 mo ago | 12 | — | — | — | 12 patents Surface‑engineered colloidal quantum dots for high‑efficiency solution‑processed photovoltaics | — |
| 27 | Energate Provider of app-based demand response solutions & energy management software solutions | $7M | 168 mo ago | 26 | — | — | — | 21 patents Intelligent demand‑response load control and adaptive thermostat systems for building energy management | — |
| 28 | CoolIT Systems Manufacturer of liquid cooling systems for data centers and servers | $6M | 63 mo ago | 142 | Brydon Gierl Founder SVP Product and Process Development | WordPressMySQLPHP+25 | 11 signals M&A | 187 patents Modular liquid cooling and fluid control systems for high‑performance electronic equipment | 2 launchs |
| 29 | Verdant Networking thermostat energy management systems for hospitality industry | $6M | 89 mo ago | 70 | Alain Belanger CEO | Node.jsSvelteKitSvelte+9 | — | — | — |
| 30 | Adaptis Provider of AI-powered platform for capital planning and asset decarbonization 32Talent top 38%AI top 45%Tech top 50%Funding bottom 49% All 7 signals ▾Talenttop 38% AItop 45% Techtop 50% Fundingbottom 49% Globalbottom 36% Marketbottom 28% Newsbottom 21% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated AI: Product described with: ai-powered rank vs industry peers · Fliar Intelligence Index 32/100 | $5M | 14 mo ago | 19 | Sheida Shahi Co-Founder & CEO | WixSentryBootstrap+12 | — | — | — |
| 31 | AirTest Provider of sensors for building energy management 19Growth top 45%Funding top 49%Global bottom 37%Tech bottom 33% All 6 signals ▾Growthtop 45% Fundingtop 49% Globalbottom 37% Techbottom 33% Marketbottom 24% Newsbottom 22% Funding: Raised $5.3M across 15 rounds · 15 rounds over 22 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 19/100 | $5M | 26 mo ago | 13 | — | WebflowreCAPTCHAHSTS+9 | — | — | — |
| 32 | energyX Solutions Energy audit app for energy service companies | $5M | 70 mo ago | 12 | — | — | 3 signals ▼25% Announcements · Funding | — | — |
| 33 | Edgecom Energy AI-powered energy management software 27Talent top 38%AI top 45%Funding bottom 49%Tech bottom 37% All 6 signals ▾Talenttop 38% AItop 45% Fundingbottom 49% Techbottom 37% Globalbottom 37% Marketbottom 27% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated AI: Product described with: ai-powered rank vs industry peers · Fliar Intelligence Index 27/100 | $4M | 17 mo ago | 22 | Mostafa Salehi Co-Founder | WordPressMySQLRedis+20 | — | — | 1 launch |
| 34 | RtTech Machine utilization and availability. | $3M | 135 mo ago | 13 | — | — | — | — | — |
| 35 | Nanoleaf Energy efficient lightbulbs | $3M | 123 mo ago | 95 | Tom Rodinger Chief Technology Officer and Cofounder | Cart FunctionalityShopifyRoute+33 | — | — | — |
| 36 | QEA Tech Provider of AI-powered building envelope audits and retrofit recommendations | $2M | 38 mo ago | 22 | Peyvand Melati Founder & CEO | — | — | — | 1 expansion |
| 37 | Smartcool Systems Provider of HVAC energy efficiency products | $2M | 57 mo ago | 23 | — | Cart FunctionalitySquarespace CommerceSquarespace+25 | — | — | — |
| 38 | G2V Optics Commercial horticulture lighting and solar simulation solution provider | $2M | 61 mo ago | 36 | Ryan Tucker CEO | WordPressApple iCloud MailGoogle Workspace+41 | — | 10 patents Advanced LED illumination control and monitoring systems for precision horticulture lighting. | 1 launch |
| 39 | Polar Sapphire Provider of high purity aluminum oxide powder solutions | $2M | 138 mo ago | 26 | — | — | — | 12 patents Manufacturing high-purity alumina for aluminum smelting and advanced ceramics | — |
| 40 | QuantaSol Concentrator solar cell manufacturer using nanostructures | $2M | 204 mo ago | 4,096 | Oleg Khaykin President & CEO | Cart FunctionalityWooCommerceWordPress+43 | 21 signals ▼22% Earnings · Contracts | — | — |
| 41 | YWire Technologies Designs lighting control devices for the commercial buildings market | $2M | 174 mo ago | — | Omar Tabba Co-Founder | — | — | 10 patents Smart lighting control switches and electronic illumination management systems | — |
| 42 | SHM Controls Smart boiler controller for buildings | $1M | 91 mo ago | 3 | — | — | — | — | — |
| 43 | Neurio Technology System to monitor energy consumption at home | $1M | 138 mo ago | 40 | — | — | — | 13 patents Smart grid analytics and demand‑response optimization using high‑resolution electricity data | — |
| 44 | Stash Energy Thermal energy storage technology developer | $1M | 81 mo ago | 3 | Daniel Larsen Co-founder & Chief Product Officer | — | — | — | — |
| 45 | Kanin Energy Developer of waste heat-to-power systems for industrial decarbonization | $1M | 31 mo ago | 18 | Jake Bainbridge Co-Founder | WordPressMySQLPHP+23 | — | — | 1 partnership |
| 46 | PLAEX Manufacturer of mortarless interlocking building systems | $1M | 36 mo ago | 8 | Dustin Bowers CEO / CTO | Cart FunctionalitySquarespace CommerceSquarespace+22 | — | — | 1 launch |
| 47 | SimpTek Technologies Energy intelligence for homes | $700K | 115 mo ago | — | Keelen Gagnon Co-Founder & COO | — | — | — | — |
| 48 | CRS Electronics IoT-driven LED lighting products for building management solutions | $668K | 181 mo ago | 18 | Travis Jones CEO & President | — | — | 19 patents Advanced LED power regulation, thermal management, and conversion solutions for lighting systems. | — |
| 49 | Cence Power Provider of energy management solutions | $350K | 64 mo ago | — | Will Andrew CEO | WebflowZohoZepto+13 | — | 9 patents DC power line fault detection and communication systems | 1 award |
| 50 | Energent Provider of energy management solutions | $291K | 44 mo ago | 13 | Chris Reid President & CEO | — | — | 9 patents Software for smart energy hub control and electricity price forecasting | — |
Top 12 Energy Efficiency Tech companies in Canada
#1
Public · Burnaby, British Columbia · founded 2001 · 37 employees$24.3Mraised▾
Public · Burnaby, British Columbia · founded 2001 · 37 employees
Provider of voltage reduction systems. It offers Harmonizer - a device that reduces energy consumption by fine-tuning utility voltages to meet individual building requirements with the concept of conservation voltage reduction.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Funding
top 21%Product
top 24%Growth
top 45%Tech
top 48%Moat
bottom 49%News
bottom 48%Funding: Raised $24.3M across 12 rounds · 12 rounds over 17 yrs (0.7/yr) · Last round Post IPO (Jan 2026)
Product: 2 distinct product lines · Company stage: Public
Growth: Web rank 10,000,000 → 50,000,000 YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 2k LinkedIn followers
Activity (LinkedIn): 2 product launches announced in 12 mo
Funding rounds
- Jan 2026Post IPO$43.7K
- Jan 2025Post IPO$593.2K
- Dec 2024Post IPO$530.9K
- Dec 2024Post IPO$1.1M
Investors
Stifel, Canaccord Genuity Group, Haywood, Foresight, Enerdigm
Tech stack
Amazon AlbAmazon Web ServicesCloudflareCloudflare Bot ManagementCore-JsDivi
#2
Series C · Longueuil, Quebec · founded 2019 · 217 employees$57.5Mraised▾
Series C · Longueuil, Quebec · founded 2019 · 217 employees
Manufacturer of thermal management systems for data centers and healthcare. The company specializes in custom-engineered systems prioritizing energy efficiency, water conservation, and reduced carbon footprint. Its products include air handling units, chillers, dehumidification systems, and cooling units. The company also provides air purification solutions featuring modular design and disinfecting filtration technology.
Fliar Intelligence Index™ 53how this company ranks against its industry peers
Tech
top 39%Moat
top 39%Funding
top 40%Growth
top 42%Market
top 47%Talent
bottom 49%Tech: 38 technologies across 4/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Moat: Editorial + unicorn rating 5/10 · Soonicorn · 4 curated direct competitors tracked
Funding: Raised $57.5M across 1 rounds · 1 rounds over 6 yrs (0.2/yr) · Last round Series C (Oct 2025)
Audience (LinkedIn): 14k LinkedIn followers — 2.7% of this cohort's audience
Activity (LinkedIn): 1 awards · 1 expansions announced in 12 mo
Funding rounds
- Oct 2025Series C—
- Jul 2025Series C—
- Mar 2023Series C—
- Jan 2020Series C$57.5M
Founders & team
Investors
MacKinnon, Bennett & Company, Idealist Capital, Cerebrus, Activate Capital, Decarbonization Partners, Climate Investment
Tech stack
AosCookieyesCore-JsFancyboxGodaddyGoogle Analytics
#3
Late Stage · Ottawa, Ontario · founded 2000 · 680 employees$235Mraised▾
Late Stage · Ottawa, Ontario · founded 2000 · 680 employees
Hydro Ottawa is a provider of energy monitoring services and also provides billing with respect to the same for both commercial and residential sectors. Core services also include electricity distribution, renewable energy generation and energy conservation and management. Energy consumption monitoring services are additionally provided with mobile app integration for remote access.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Funding
top 20%Tech
top 31%Growth
top 35%Market
top 37%Product
top 50%Global
bottom 25%Funding: Raised $235M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Unattributed (Jan 2025)
Tech: 43 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Ses · Devops: Envoy, Varnish
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 22k LinkedIn followers — 4.3% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public)
Funding rounds
- Jan 2025Unattributed$235M
Tech stack
Acquia Cloud PlatformAddtoanyAmazon CloudfrontAmazon SesAmazon Web ServicesApple Icloud Mail
#4
Seed · Toronto, Ontario · founded 2022 · 19 employees$5.5Mraised▾
Seed · Toronto, Ontario · founded 2022 · 19 employees
Provider of AI-powered platform for capital planning and asset decarbonization. The platform uses predictive analytics and real building data to guide capital planning decisions. It aligns decarbonization goals with financial realities across design, retrofit, and development. The platform offers portfolio-wide insights to uncover risks and opportunities. It provides a step-by-step plan, mapping out when to invest in capital projects.
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Talent
top 38%AI
top 45%Tech
top 50%Funding
bottom 49%Global
bottom 36%Market
bottom 28%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
AI: Product described with: ai-powered
Tech: 15 technologies across 5/8 capability areas · Cloud: Google Cloud, Google Cloud Cdn · Observability: Sentry
Audience (LinkedIn): 4k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Apr 2025Seed$4M
- Jun 2024Seed$5.5M
- Jan 2023Seed$1.5M
- Sep 2022Seed—
Founders & team
Investors
Accelerator Centre, Building Ventures, MetaProp, 2048 Ventures, Blue Vision Capital, Powerhouse
#5
Series A · Vancouver, British Columbia · founded 2012 · 43 employees$20.3Mraised▾
Series A · Vancouver, British Columbia · founded 2012 · 43 employees
Manufacturer of electrochromic windows. Users can order windows by providing location, user details, payment details, preferred models, and more.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Patents
top 29%Innovation
top 37%Moat
top 37%Funding
top 38%Tech
bottom 42%Global
bottom 40%Patents: 20 patents matched (strict assignee match) · 20 filings since 2022 vs 0 in 2017-21 · Latest publication 2026
Innovation: 20 patents (top 52% of patent-holders) · 20 filings since 2022 vs 0 in 2017-21
Moat: Editorial + unicorn rating 7/10 · IP moat: 20 patents · 9 curated direct competitors tracked
Audience (LinkedIn): 4k LinkedIn followers
Activity (LinkedIn): 1 product launches · 1 partnerships (incl. MEMA Original Equipment Suppliers) announced in 12 mo
Funding rounds
- Aug 2024Series A$20M
- Jun 2020Grant (prize money)$4.6M
- Aug 2019Seed$100K
- Jul 2019Seed$240K
Investors
BDC, Greensoil PropTech Ventures, Sustainable Development Technology Canada, WUTIF Capital, GreenSoil Investments
#6
Series B · Toronto, Ontario · founded 2018 · 23 employees$35.7Mraised▾
Series B · Toronto, Ontario · founded 2018 · 23 employees
Platform for reducing energy consumption. It monitors the consumption of gas and electricity by connecting to the building via the cloud and optimizes the mechanical systems. It provides real-time energy data and allows tracking of monthly savings through energy reports.
Fliar Intelligence Index™ 48how this company ranks against its industry peers
Product
top 30%Funding
top 32%Innovation
top 34%Talent
top 38%Moat
top 39%Tech
bottom 45%Product: 6 distinct product lines · Company stage: Series B
Funding: Raised $35.7M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) · Last round Series B (Jun 2024)
Innovation: 6 product lines
Audience (LinkedIn): 8k LinkedIn followers
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Jun 2024Series B$19M
- Oct 2023Conventional Debt$4M
- Oct 2022Series B$8M
- Dec 2020Series A$5M
Founders & team
Investors
RET Ventures, Wyse, New York State, ArcTern Ventures, SVB, Idealist Capital
Tech stack
Master SliderWordpressMysqlPhpBootstrapAnimate.Css
#7
Seed · Toronto, Ontario · founded 2016 · 22 employees$3.7Mraised▾
Seed · Toronto, Ontario · founded 2016 · 22 employees
AI-powered energy management software. It provides AI-powered energy management software solutions to large energy consumers, enabling them to reduce energy costs and emissions through predictive analytics and IoT-based monitoring.
Fliar Intelligence Index™ 27how this company ranks against its industry peers
Talent
top 38%AI
top 45%Funding
bottom 49%Tech
bottom 37%Global
bottom 37%Market
bottom 27%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
AI: Product described with: ai-powered
Funding: Raised $3.7M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) · Last round Seed (Jan 2025)
Audience (LinkedIn): 5k LinkedIn followers
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Jan 2025Seed$2.5M
- Dec 2024Seed$1.2M
Founders & team
Investors
ABB, GreenSky
Tech stack
Apache Http ServerDebianElementorGoogle CloudGoogle Cloud CdnGoogle Workspace
#8
Acquired · Mississauga, Ontario · founded 2009 · 41 employees$528.1Mraised▾
Acquired · Mississauga, Ontario · founded 2009 · 41 employees
Developer of renewable energy assets, battery storage, and digital energy platforms. The company delivers renewable energy and flexibility-as-a-service. It focuses on solar, wind, green hydrogen, ammonia, and utility-scale storage. The company provides an artificial intelligence-enabled digital energy platform. It offers smart transformers, virtual power plants, and dynamic load shaping.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Product
top 26%Funding
top 29%Growth
top 30%Talent
top 35%Moat
top 37%AI
top 45%Product: 11 distinct product lines · Company stage: Acquired
Funding: Raised $528M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) · Last round Conventional Debt (Jan 2022)
Growth: Headcount 32 → 41 (+28%) across vintages
Funding rounds
- Jan 2022Conventional Debt$350M
- Nov 2021Conventional Debt$67.8M
- Jan 2021PE$374M
- Oct 2018PE$154.1M
Founders & team
Investors
The Carlyle Group, Brookfield Asset Management, ECP, ZOMALAB, Orient Cement, LGT Impact
Tech stack
Hubspot Cms HubHubspotJquery CdnJqueryFancyboxCloudflare Bot Management
#9
Acquired · Montreal, Quebec · founded 2017 · 170 employees$102.8Mraised▾
Acquired · Montreal, Quebec · founded 2017 · 170 employees
Developer of an AI platform for building HVAC system optimization. The platform autonomously optimizes HVAC systems to reduce energy consumption. It offers a cloud building management system for portfolio-wide control. The company provides resources, including articles, case studies, and tools, related to AI and sustainability.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
AI
top 20%Funding
top 27%Moat
top 31%Patents
top 38%Talent
top 38%Innovation
top 46%AI: Classified as an AI company
Funding: Raised $103M across 7 rounds · 7 rounds over 6 yrs (1.2/yr) · Last round Series B (Jul 2023)
Moat: Editorial + unicorn rating 8/10 · IP moat: 16 patents · Soonicorn
Funding rounds
- Jul 2023Series B$10M
- Apr 2023Series B$30M
- Feb 2023Series A$4.8M
- Oct 2022Grant (prize money)$178.2K
Founders & team
Investors
Sustainable Development Technology Canada, Esplanade Ventures, Desjardins, Quebec, ABB, Education Development Center
Tech stack
Amazon Web ServicesAosApple Icloud MailCloudflareCloudflare Bot ManagementDocusign
#10
Series B · Montreal, Montreal · founded 2015 · 45 employees$42Mraised▾
Series B · Montreal, Montreal · founded 2015 · 45 employees
Dynamic LED lighting solutions for greenhouses, optimizing plant growth and productivity. They offer a comprehensive dynamic lighting technology, including smart fixtures, a cloud platform, and support. Their solution recreates natural sunlight, delivering ideal light recipes for various crops, regardless of location. This leads to increased productivity, better taste, and longer shelf life. They provide flexible LED fixtures, AI-powered by their cloud platform, supported by agronomists and technical specialists. They focus on innovation and pragmatic solutions to balance costs, crop growth, product quality, and sustainability. They offer smart support, including planning, installation, training, and monitoring. They are a cleantech company, offering energy-efficient solutions. They are a B2B company, offering a SaaS platform.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Talent
top 28%Funding
top 31%Moat
top 39%Tech
top 44%Growth
top 45%AI
top 45%Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $42.0M across 8 rounds · 8 rounds over 9 yrs (0.9/yr) · Last round Series B (Jan 2023)
Moat: Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Audience (LinkedIn): 9k LinkedIn followers
Funding rounds
- Jan 2023Series B$30M
- Apr 2022Grant (prize money)$2.5M
- Feb 2022Series A—
- Oct 2020Series A$9.1M
Founders & team
Investors
Idealist Capital, Fondaction, Sustainable Development Technology Canada, Invest Quebec, Real Ventures, Alter Ego Capital
Tech stack
CdnjsCloudflareCloudflare Bot ManagementCore-JsDemandbaseFacebook Pixel
#11
Series B · Vancouver, British Columbia · founded 2005 · 140 employees$40.7Mraised▾
Series B · Vancouver, British Columbia · founded 2005 · 140 employees
Provider of cloud-enabled property automation and access control solutions. It offers a suite of integrated solutions to enable keyless entry, automated temperature control, energy management, and more for short-term rentals and hotels. Its features include PMS integration, custom branding, upsell, and a real-time dashboard.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Global
top 25%Tech
top 26%Market
top 38%Funding
top 38%Moat
top 39%Product
top 40%Global: Serving 60+ countries worldwide · Investors from 2 countries beyond Canada · Tagged global-market in registry data
Tech: 64 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Envoy
Market: 140 employees (top 24% of Real Estate and Construction Tech) · Top-5,000,000 web property · Serving 60+ countries worldwide
Audience (LinkedIn): 10k LinkedIn followers
Funding rounds
- Mar 2023Series B$25M
- Feb 2022Series A$12M
Founders & team
Investors
Centana Growth Partners, Thayer Ventures, FUSE, BlackPines Capital Partners, Derive Ventures, Watchfire Ventures
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesApple Icloud MailApple Sign-InCaddy
#12
Series B · Toronto, Ontario · founded 2011 · 54 employees$55Mraised▾
Series B · Toronto, Ontario · founded 2011 · 54 employees
Developer of advanced materials for electronics, displays, and quantum computing. The company focuses on materials for transparent displays, under panel sensors, and under display cameras. It uses computational chemistry, high performance computing, and machine learning for materials design. The company also offers materials synthesis, scale-up, and production testing. It applies its materials to OLED displays and self-assembly patterning. The company provides expertise in OLED materials, application engineering, and process development.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 8k LinkedIn followers
Funding rounds
- Oct 2022Series B$55M
- Aug 2020Series A—
- Feb 2015Grant (prize money)$5.7M
Founders & team
Investors
LG Technology Ventures, Samsung Venture Investment, UDC Ventures, Anzu Partners, Draper Dragon, Sustainable Development Technology Canada
Tech stack
Apache Http ServerApple Icloud MailAutoptimizeGodaddyGoogle Font ApiGoogle Workspace
Funding & investor landscape
$1.7Btotal disclosed funding
64companies funded
196disclosed rounds
0rounds last 90 days
Most active investors
Export Development Canada7 rounds
WUTIF Capital5 roundsNotable founders
John Gocek
Co-Founder & CFO · XNRGY
Sheida Shahi
Co-Founder & CEO · Adaptis
Aida Mollaei
Co-Founder · Adaptis
Brian MacLeod
Co-Founder · Parity
Brad Pilgrim
Co-founder - CEO · Parity
Mostafa Salehi
Co-Founder · Edgecom Energy
Behdad Bahrami
Co-Founder & CEO · Edgecom Energy
David Rogers
Founder & CEO · Amp
Sean Neely
Vice-Chair of the Board of Directors · BrainBox AI
Jean-Simon Venne
Co-Founder & CEO · BrainBox AI
Gabriel Dupras
Co-founder · Sollum Technologies
Francois Moisan
Co-Founder & CTO · Sollum Technologies
Prism market signals · Canada · country-scoped Prism corpus, 8,633,714 docs
Market landscape — 10 sub-themes by coverage
Share of Energy Efficiency Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · Canada
How research on Energy Efficiency & Buildings is moving in Canada
A read on the academic research around Energy Efficiency & Buildings — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 750 Canada-affiliated papers.
research sentiment over time
200820182026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 44% → 53% across 2008–2026.
top research entities
- Toronto Metropolitan University120
- University of Waterloo51
- University of Alberta40
- Concordia University37
- Natural Resources Canada37
leading researchers
Alan S. Fung · Seth B. Dworkin · Claudio A. Cañizares · Aggrey Mwesigye · Kankar Bhattacharya · Martin Kegel · Wey H. Leong · İbrahim Dinçer
▲
Breakthroughs132 · 18%
▲ 14%→18% share
▲1.3× share momentum3 median citations50% since 2021mostly methods-led
Energy management research is surging — papers nearly doubled (15→29) as Canadian institutions prioritize smart building control breakthroughs.
rising sub-themes (early→recent)
- Renewable energy1→18
- Energy management15→29
- Heat pump3→11
- Heat exchanger2→7
- Distributed generation2→6
Newly emergingAutomotive engineering 0→5 · Reinforcement learning 0→5
Landmark Autonomous Demand-Side Management Based on Game-Theoretic Energy Consumption Scheduling for the Future Smart Grid · 2,731 cites
◆
Advancements499 · 67%
▼ 69%→66% share
▲1.0× share momentum4 median citations47% since 2021mostly methods-led
Heat pump advancement research is intensifying — Canadian papers more than doubled from 55 to 124, with air-source variants and zero-energy buildings newly emerging.
rising sub-themes (early→recent)
- Heat pump55→124
- Heat exchanger14→36
- Thermal6→24
- Greenhouse gas2→17
- Air source heat pumps4→15
Newly emergingRadiative cooling 0→11 · Zero-energy building 0→10 · Pile 0→7
Landmark A Centralized Energy Management System for Isolated Microgrids · 624 cites
▼
Concerns69 · 9%
▲ 8%→11% share
▲1.4× share momentum3 median citations58% since 2021mostly empirical
Heat pump concerns are rising sharply — Canadian risk-focused papers tripled (7→22), alongside newly flagged thermal issues and growing borehole and building-envelope problems.
rising sub-themes (early→recent)
- Heat pump7→22
- Thermal energy storage1→5
- Borehole1→5
- Building envelope1→4
- Nuclear engineering1→4
Newly emergingThermal 0→6
Landmark Review of Battery Management Systems (BMS) Development and Industrial Standards · 424 cites
RESEARCH HOTSPOTS · Canada
Where energy efficiency is researched across Canada
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.
Toronto133 · +0.48
Waterloo/Hamilton68 · +0.51
Edmonton/Calgary67 · +0.57
Montreal60 · +0.53
Ottawa/Kingston37 · +0.46
Vancouver34 · +0.60
PATENT SIGNAL · Canada
Who's filing energy efficiency patents in Canada
Canada energy efficiency patent filing is accelerating — 185 filings from 162 assignees (2016–2025), led by Enersion, Hydro Quebec, Green Power LABS; annual filings 8→21.
185 filings162 assigneespeak 34/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- Enersion21
- Hydro Quebec18
- Green Power LABS14
- Venmar CES13
- Pratt & Whitney Canada11
- Nortek AIR Solutions Canada11
- Systemes LMP11
- HU LUNG TAN8
Common questions
How many Energy Efficiency Tech companies are there in Canada?
Radar tracks 275 indexable Energy Efficiency Tech companies headquartered in Canada that meet our profile-completeness bar.
What is the total funding raised by Energy Efficiency Tech companies in Canada?
The Energy Efficiency Tech companies in Canada on this list have raised a combined $1.7B in disclosed equity funding across 64 funded companies.
Which is the highest-funded Energy Efficiency Tech company in Canada?
Amp is the highest-funded Energy Efficiency Tech company in Canada, with $528.1M in disclosed equity funding.
How many Energy Efficiency Tech companies in Canada are funded?
64 of the 275 Energy Efficiency Tech companies in Canada on this list have disclosed at least one equity funding round.
How many Energy Efficiency Tech unicorns are there in Canada?
None of the Energy Efficiency Tech companies in Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Canada Energy Efficiency Tech companies?
The most active investors in Canada Energy Efficiency Tech companies on this list include Sustainable Development Technology Canada, BDC, MaRS Discovery District, Accelerator Centre, Export Development Canada.
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.