Best Energy Storage Tech Companies in Canada
The 199 best Energy Storage Tech companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Hydrostor.
Canada's Energy Storage Tech sector is where you want to be paying attention right now. This directory tracks 199 companies across Canada, ranked by disclosed equity funding and recent momentum, with a collective $2.0B raised and Hydrostor sitting at the top with $295M. That's a serious number. dcbel follows at $98M, NanoOne at $96M, and Next Hydrogen at $69M. No unicorns yet, but the pipeline looks credible.
The macro tailwind is real. Frost & Sullivan pegs the global energy storage market growing at a 41% CAGR, driven by climbing grid demand charges, high electricity prices, and falling project costs. I'd flag that median app installs across energy platforms are up 28% year-over-year, which tells you the consumer side is catching up to the infrastructure bet. Hot themes this quarter include EV battery technology and solar electricity generation, and recent signals on battery storage enabling renewables point to grid integration becoming the defining challenge. Breakthrough storage approaches are moving from lab to deployment faster than most analysts expected. So the question isn't whether Canada's sector is active. It's who's building the durable positions.
- American Clean Power Association’s (ACP) Q4 2025 Clean Power Quarterly Market Report
Our analysis of 50 Energy Storage Tech companies
$13.7b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy Storage Tech companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founded | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Hydrostor Developer of advanced compressed air energy storage for grid applications 76Funding top 18%Product top 21%Talent top 23%Innovation top 26% All 11 signals ▾Fundingtop 18% Producttop 21% Talenttop 23% Innovationtop 26% Patentstop 26% Moattop 26% Growthtop 28% Techtop 40% Newstop 42% Marketbottom 44% Globalbottom 40% Funding: Raised $295M across 10 rounds · 10 rounds over 10 yrs (1.0/yr) Product: 4 distinct product lines · Company stage: Series D rank vs industry peers · Fliar Intelligence Index 76/100 | $295M | 16 mo ago | 60 | 2010 | WordPressApple iCloud MailMicrosoft 365+27 | — | 123 patents Hydrostatically compensated compressed air energy storage systems improving safety and efficiency | 1 job opening · 1 award |
| 2 | Novonix Manufacturer of synthetic graphite, cathode materials, and cell testing equipment | $250M | 31 mo ago | 210 | 2013 | WordPressBugHerdMySQL+36 | — | — | — |
| 3 | Nouveau Monde Developer of graphite materials for battery and clean technology applications | $200M | 18 mo ago | 104 | 2011 | WordPressApple iCloud MailMicrosoft 365+28 | 76 signals ▲85% Announcements · Funding · Contracts | 14 patents Purifying graphite and producing agglomerates for battery electrode applications | — |
| 4 | Flo Platform providing electric-vehicle charging network and services | $149M | 24 mo ago | 600 | 2009 | WordPressApple iCloud MailMicrosoft 365+44 | — | — | — |
| 5 | VRB Energy Developer of vanadium redox battery energy storage systems for various applications | $114M | 59 mo ago | 52 | 2007 | — | — | — | — |
| 6 | dcbel Developer of a home energy management system. This system allows homeowners to monitor, manage, and optimize… | $98M | 9 mo ago | 70 | 2015 | WordPressApple iCloud MailMicrosoft 365+45 | — | 105 patents Bidirectional power converters for EV charging and household‑grid energy management | — |
| 7 | NanoOne Developer of nanotech-based energy storage components 62Funding top 13%News top 39%Tech top 40%Growth top 43% All 7 signals ▾Fundingtop 13% Newstop 39% Techtop 40% Growthtop 43% Markettop 47% Moattop 48% Globalbottom 39% Funding: Raised $96.3M across 19 rounds · 19 rounds over 11 yrs (1.7/yr) News: 20 BI events in 12 mo (of 100 tracked, 11 types) · -38% YoY rank vs industry peers · Fliar Intelligence Index 62/100 | $96M | 3 mo ago | 132 132 → 81 (-39%) | 1987 | WordPress Block EditorWordPressMySQL+31 | 20 signals ▼38% Funding · Leadership · Capital raise | — | 1 partnership |
| 8 | Ekona Producer of hydrogen for industrial applications | $70M | 46 mo ago | 46 | 2017 | WordPressMySQLPHP+19 | — | — | — |
| 9 | Next Hydrogen Developer of water electrolyzer technology for green hydrogen production solutions | $69M | 6 mo ago | 42 | 2007 | WordPressMySQLPHP+23 | 9 signals ▼50% Funding · Earnings · Leadership | 72 patents Wind‑powered hydrogen electrolysis systems and pressure‑plate electrolyzer hardware | — |
| 10 | e-Zinc Provider of rechargeable zinc batteries | $62M | 23 mo ago | 82 | 2012 | WordPressApple iCloud MailMicrosoft 365+21 | — | 19 patents Advanced cathode structures and electrolyte management for metal‑based rechargeable batteries | — |
| 11 | Electra Battery Materials Provider of materials for electric vehicle batteries through refining and recycling 57News top 22%Growth top 25%Partners top 25%Funding top 29% All 8 signals ▾Newstop 22% Growthtop 25% Partnerstop 25% Fundingtop 29% Talenttop 37% Techbottom 48% Marketbottom 42% Globalbottom 36% News: 68 BI events in 12 mo (of 238 tracked, 10 types) · +106% YoY Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 57/100 | $60M | 7 mo ago | 37 | 2017 | PHPCentOSVimeo+18 | 68 signals ▲106% Funding · Announcements · Capital raise | — | 1 expansion |
| 12 | Hydrogenics Makes fuel cells and hydrogen energy storage | $46M | 74 mo ago | 187 | 1996 | — | — | 447 patents Hydrogen generation and fuel‑cell power systems, focusing on electrolyzers, bipolar plates, and thermal management. | — |
| 13 | SWTCH Provider of EV charging management systems | $38M | 12 mo ago | 76 | 2018 | RubyAuth0Auth0 Lock+31 | — | — | 1 partnership |
| 14 | Ionomr Innovations Ion-exchange membranes | $38M | 13 mo ago | 43 | 2017 | WordPressMySQLPHP+23 | — | 27 patents Advanced ionomeric polymer membranes and functional antimicrobial polymer coatings for energy and health applications | — |
| 15 | Electrovaya Manufacturer of lithium-ion battery technology and energy storage systems | $37M | 20 mo ago | — | 1997 | WordPressMySQLPHP+19 | 36 signals ▼57% Earnings · Funding · IPO | 86 patents Advanced lithium‑ion battery separators, safety devices, leakage detection, and BMS demand‑response management | 4 job openings |
| 16 | Corinex Corinex provides digital grid reinforcement through digital capacity infrastructure 67Growth top 22%Innovation top 23%Funding top 26%Product top 30% All 10 signals ▾Growthtop 22% Innovationtop 23% Fundingtop 26% Producttop 30% Newstop 31% Moattop 48% Talentbottom 48% Marketbottom 45% Techbottom 44% Globalbottom 38% Growth: Fresh capital in last 24 mo Innovation: 9 product lines · Deep-tech classification: Tech Hardware rank vs industry peers · Fliar Intelligence Index 67/100 | $30M | 9 mo ago | 64 | 1999 | WebflowYouTubeWeglot+12 | 5 signals ▲67% Funding · Leadership | — | 1 partnership · 3 awards |
| 17 | ChargeLab Provider of electric vehicle station management solution | $30M | 38 mo ago | 48 | 2019 | HubSpot CMS HubApple iCloud MailGoogle Workspace+26 | — | — | 1 launch |
| 18 | 7Gen Provider of end-to-end fleet electrification solutions | $28M | 13 mo ago | 34 | 2020 | HubSpot CMS Hubcore-jsHubSpot Analytics+8 | — | — | — |
| 19 | Abound Provider of battery technology for energy solution | $27M | 11 mo ago | — | 2012 | WordPress Block EditorElementorWordPress+21 | — | — | — |
| 20 | Mangrove Lithium Developer of modular scalable lithium refining technology for battery‑grade production 60Growth top 20%News top 20%Funding top 28%Talent top 28% All 9 signals ▾Growthtop 20% Newstop 20% Fundingtop 28% Talenttop 28% Partnerstop 31% Moattop 39% Techbottom 42% Marketbottom 40% Globalbottom 36% Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo News: 7 BI events in 12 mo (of 14 tracked, 5 types) · +600% YoY rank vs industry peers · Fliar Intelligence Index 60/100 | $25M | 5 mo ago | 35 | 2013 | WordPressMySQLPHP+22 | 7 signals ▲600% Contracts · Funding · Capital raise | — | 1 award |
| 21 | Lyon Superchargers Materials developer for Lithium-ion battery | $20M | 151 mo ago | — | — | — | — | — | — |
| 22 | FuelPositive Provider of green ammonia | $20M | 18 mo ago | 9 | 2000 | WordPress Block EditorwpBakeryElementor+37 | 8 signals ▼65% Funding · New product · Earnings | 15 patents Modular on‑site clean hydrogen and ammonia/ammonium‑hydroxide synthesis systems | — |
| 23 | Delta-Q Technologies Battery charging solutions | $17M | 193 mo ago | 126 | 1999 | WordPressMySQLMariaDB+36 | — | 23 patents Patents concentrated in transport & manufacturing processes | 1 launch · 1 award |
| 24 | HTEC Provider of hydrogen refueling solutions | $16M | 66 mo ago | 127 | 2005 | WordPressMySQLPHP+25 | — | — | 1 partnership |
| 25 | Hillcrest Energy Provider of energy storage systems | $15M | 15 mo ago | 13 | 2006 | WordPressMySQLPHP+31 | 7 signals ▲133% Funding · Contracts | 18 patents Advanced resonant and ZVS power converters for high-efficiency electric vehicle drives | 2 launchs |
| 26 | Loop Energy Developer of hydrogen fuel cells for heavy-duty vehicles | $15M | 49 mo ago | 134 | 2013 | — | — | 46 patents Patents concentrated in electrical & electronics | — |
| 27 | Lithion Provider of innovative technology for recycling lithium-ion batteries | $15M | 44 mo ago | 69 | 2018 | ZohoNode.jsYouTube+20 | — | — | — |
| 28 | Aurora Hydrogen Provider of high-efficiency clean hydrogen production technology. | $10M | 2 mo ago | 8 | 2021 | Apple iCloud MailMicrosoft 365Node.js+12 | — | 13 patents Microwave-assisted hydrocarbon reforming for hydrogen generation with solid carbon by‑product | — |
| 29 | Solace Power Offering wireless charging infrastructure using Resonant Capacitive coupling | $9M | 4 mo ago | 43 | 2007 | WebflowTypekitGoogle Font API+17 | — | 169 patents Wireless power transfer hardware—coils, transmitters, and advanced rectifier circuits. | — |
| 30 | Hypercharge Online platform offering charging solutions | $9M | 7 mo ago | 17 | 2021 | WordPressMySQLPHP+33 | 7 signals Earnings · Leadership | — | 1 expansion · 1 award |
| 31 | Vortex Energy Provider of hydrogen fuel from saltwater | $8M | 13 mo ago | — | 2021 | WordPress Block EditorElementorWordPress+18 | — | — | — |
| 32 | QD Solar Developer pof quantum dot-based photovoltaic cells | $8M | 50 mo ago | 12 | 2014 | — | — | 12 patents Surface‑engineered colloidal quantum dots for high‑efficiency solution‑processed photovoltaics | — |
| 33 | AFCC Auto Develops PEM fuel cells for automotive application | $8M | 111 mo ago | 200 | 2008 | — | — | — | — |
| 34 | Soma Energy Provider of energy intelligence platform synchronizing procurement, management, and load coordination | $7M | 2 mo ago | — | 2012 | WebflowApple iCloud MailGoogle Workspace+12 | — | — | — |
| 35 | Ayrton Energy Company that specializes in liquid organic hydrogen carrier storage technology | $7M | 13 mo ago | 10 | 2021 | — | — | — | 1 job opening · 1 launch · 1 partnership |
| 36 | Prairie Lithium Manufacturer of lithium batteries | $6M | 56 mo ago | 18 | 2019 | — | 3 signals Announcements · Acquisition | 6 patents Extracting lithium and other valuable minerals from brine solutions | — |
| 37 | RVE Provider of home charging solutions for electric vehicles | $6M | 31 mo ago | — | 2015 | — | — | — | 1 launch |
| 38 | Hydrogen Optimized Provider of electrolysis-based hydrogen generation systems | $5M | 58 mo ago | — | 2017 | Wix eCommerceWixSentry+20 | — | — | — |
| 39 | EV Battery Technologies Provider of AI based battery management solutions | $5M | 62 mo ago | — | 2015 | — | — | — | — |
| 40 | Moment Energy Provider of battery energy storage systems using repurposed electric vehicle batteries | $3M | 1 mo ago | 44 | 2020 | WebflowTypekitGoogle Font API+18 | — | — | — |
| 41 | ReliON Platform offering charging management solution | $2M | 23 mo ago | — | 2023 | WordPress Block EditorWordPress Site EditorWordPress+31 | — | — | 2 launchs |
| 42 | Voltra Developer of modular EV and energy system control software | $2M | 13 mo ago | — | 2023 | Framer SitesReactPriority Hints+7 | — | — | — |
| 43 | Eguana Technologies Provider of energy storage systems for residential and commercial use | $2M | 17 mo ago | 43 | 1999 | SalesforceVimeoAnimate.css+25 | 7 signals ▲17% Contracts · Earnings | — | — |
| 44 | Saint Jean Carbon Developer of graphene-based products for Lithium batteries | $2M | 52 mo ago | — | 1997 | — | — | — | — |
| 45 | Green Graphite Technologies Developer of graphite-based batteries for electric vehicles 11Moat top 31%Innovation top 41%Patents top 42%Talent bottom 45% All 8 signals ▾Moattop 31% Innovationtop 41% Patentstop 42% Talentbottom 45% Fundingbottom 37% Globalbottom 31% Techbottom 25% Marketbottom 9% Moat: Editorial + unicorn rating 7/10 · IP moat: 11 patents Innovation: 11 patents (top 62% of patent-holders) · 11 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 11/100 | $2M | 32 mo ago | 3 | 2021 | WordPressMySQLPHP+12 | — | 11 patents High‑purity particulate graphite production for lithium‑ion battery anodes | — |
| 46 | Kiwi Charge Platform offering a subscription model for electric vehicle charging | $500K | 4 mo ago | — | 2023 | TurbopackNode.jsRadix UI+9 | — | — | 1 job opening |
| 47 | Agora Energy Technologies Manufacturer of redox flow batteries | $313K | 13 mo ago | 10 | 2017 | — | — | 17 patents CO₂-based redox flow battery systems for energy storage | — |
| 48 | Exro Developer of power control system technologies for electric vehicles and storage | $313K | 17 mo ago | 125 | 2006 | WebflowApple iCloud MailMicrosoft 365+22 | 5 signals ▼83% Leadership · Earnings | 36 patents Advanced multi‑phase generator designs with adaptive coil configurations for efficient power conversion | — |
| 49 | Aluma Power Developer of aluminium air battery | $150K | 15 mo ago | 44 | 2017 | WordPressMySQLPHP+22 | — | — | 3 launchs · 1 award |
| 50 | Bionic Power Wearable charger packs | $106K | 23 mo ago | 19 | 2007 | WordPressMySQLZoho+18 | — | 59 patents Wearable robotic exoskeletons for gait assistance, rehabilitation, and energy harvesting | — |
Top 12 Energy Storage Tech companies in Canada
#1
Public · Burnaby, British Columbia · founded 1987 · 132 employees$96.3Mraised▾
Developer of nanotech-based energy storage components. It manufactures cathode material for lithium batteries that can be used for electric vehicles. It uses a one-pot process for the development of cathode materials. Its features include cost optimization, enhanced battery performance, and zero emissions.
- Mar 2026Grant (prize money)$2.2M
- Oct 2025Grant (prize money)$3.6M
- Feb 2025Grant (prize money)$12.9M
- Sep 2024Grant (prize money)$12.9M
#2
Public · Mississauga, Ontario · founded 2007 · 42 employees$69Mraised▾
Developer of water electrolyzer technology for green hydrogen production solutions. The company focuses on cell design architecture to reduce clean hydrogen generation costs. It aims to enable widespread adoption of hydrogen solutions for global decarbonization. The company's innovation provides operational flexibility to capture renewable energy output.
- Dec 2025Post IPO$15M
- Dec 2024Post IPO$1.9M
- Nov 2024Post IPO$2.2M
- Jul 2023Grant (prize money)—
#3
Public · Toronto, Ontario · founded 2017 · 37 employees$60.3Mraised▾
Provider of materials for electric vehicle batteries through refining and recycling. The company focuses on producing materials to power electric vehicles through refining, processing, and recycling. It offers an environmentally conscious option for sourcing materials. The company advances capital projects and delivers operational excellence.
- Oct 2025Post IPO$34.5M
- Apr 2025Post IPO$1.6M
- Mar 2025Post IPO$3.1M
- Feb 2025Grant (prize money)$10M
#4
Series C · Montreal, Montreal · founded 2015 · 70 employees$97.5Mraised▾
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- Sep 2025Series C—
- Mar 2025Series C$55M
- Aug 2023Series B$50M
- May 2023Series B—
#5
Series B · Delta, British Columbia · founded 2013 · 35 employees$25Mraised▾
Developer of modular scalable lithium refining technology for battery‑grade production. The company offers an electrochemical refining platform that converts lithium chloride or sulfate from diverse feedstocks including brines, hard rock, clay, and recycled sources into high‑purity lithium hydroxide or carbonate. The modular design enables co‑location with extraction or battery manufacturing facilities and scalable capacity adjustments. The process reduces waste, minimizes chemical requirements, and lowers carbon emissions compared to conventional methods. It is intended to support lithium supply resilience and flexible integration across the battery value chain.
- Jan 2026Conventional Debt$85M
- Nov 2025Series B$1.5M
- Jan 2025Series B$35M
- May 2022Series A—
#6
Series D · Toronto, Ontario · founded 2010 · 60 employees$295Mraised▾
Developer of advanced compressed air energy storage for grid applications. The company provides long-duration energy storage solutions, leveraging compressed air stored in underground caverns. When power is needed, the process is reversed to dispatch energy. The technology offers a reliable and cost-effective alternative for large-scale energy storage. The company’s systems are designed to match grid requirements and provide essential grid services.
- Feb 2025Series D$150M
- Feb 2025Conventional Debt$50M
- Oct 2024Series D$20M
- Dec 2023Series D$40M
#7
Series A · Vancouver, British Columbia · founded 2021 · 8 employees$10Mraised▾
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- Mar 2026Series A$3M
- Aug 2022Series A$10M
#8
Series B · Port Coquitlam, British Columbia · founded 2020 · 44 employees$3.5Mraised▾
Provider of battery energy storage systems using repurposed electric vehicle batteries. The company offers systems designed to reduce demand charges and provide backup power. These systems support peak shaving, load shifting, electric vehicle charging, and renewable energy integration. The battery energy storage systems are built to meet codes and avoid supply chain delays.
- May 2026Series B$40M
- Nov 2025Conventional Debt$5M
- Jan 2025Series A$15M
- Dec 2021Grant (prize money)$100K
#9
Series C · Mount Pearl, Newfoundland And Labrador · founded 2007 · 43 employees$9.5Mraised▾
Offering wireless charging infrastructure using Resonant Capacitive coupling. It is developing a wireless charging technology using resonant capacitive coupling to charge mobile devices such as cell phones, tablets, drones as well as various military and industrial applications. The technology is helpful in charging as compare to other forms such as inductive since there is no requirement to keep the charging device in any particular position which allows complete spatial freedom and misalignment of devices.
- Feb 2026Series C$10.3M
- Dec 2023Series B$7.1M
- Jul 2019Series A$60K
- Jun 2017Series A$2.3M
#10
Seed · Vancouver, British Columbia · founded 2012$7Mraised▾
Provider of energy intelligence platform synchronizing procurement, management, and load coordination. The platform unifies energy procurement, battery management, and load coordination. It unlocks capacity, improves efficiency, and enhances grid reliability. The platform connects on-site generation, storage, and consumption into one intelligent control layer. It turns large facilities into flexible grid assets.
- Apr 2026Seed$7M
- Seed—
#11
Public · Quebec City, Quebec · founded 2011 · 104 employees$199.7Mraised▾
Developer of graphite materials for battery and clean technology applications. The company focuses on producing carbon-neutral active anode material for the lithium-ion market. It engineers graphite-based advanced anode materials to meet performance specifications. The company is also involved in technical project development and commercial engagement.
- Dec 2024Post IPO$50M
- Feb 2024Post IPO$50M
- Apr 2023Post IPO—
- Oct 2022Post IPO$50M
#12
Series B · Vancouver, British Columbia · founded 1999 · 64 employees$30Mraised▾
Corinex provides digital grid reinforcement through digital capacity infrastructure. Its broadband powerline (BPL) technology brings visibility and control to the grid edge, helping utilities relieve constraints, prevent overloads, and accelerate electrification across electricity networks.
- Sep 2025Series B—
- Apr 2025Series B$30M
Funding & investor landscape
Notable founders
How research on Grid Energy Storage is moving in Canada
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 1,087 Canada-affiliated papers.
- Ministry of Education193
- University of Waterloo118
- University of Alberta69
- Western University46
- University of Toronto44
- Electrolyte4→59
- Cathode1→54
- Battery (electricity)11→59
- Anode1→49
- Renewable energy2→42
- Renewable energy7→101
- Battery (electricity)13→90
- Electrolyte4→45
- Photovoltaic system3→42
- Electrochemistry5→43
- Renewable energy1→22
- Battery (electricity)3→23
- Cathode1→13
- Electrolyte3→14
- Nanotechnology4→13
Where energy storage 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.
Who's filing energy storage patents in Canada
Canada energy storage patent filing is accelerating — 487 filings from 278 assignees (2016–2025), led by Hydrostor, Invinity Energy Systems Canada, Transocean Sedco Forex Ventures; annual filings 17→56.
- Hydrostor100
- Invinity Energy Systems Canada23
- Transocean Sedco Forex Ventures20
- Saint Augustin Canada Electric18
- Aspin KEMP & ASS Holding16
- PEAK Power16
- Agora Energy TECH15
- Avalon Battery Canada13
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.