Radar · Energy Tech in Canada
Best Energy Tech Companies in Canada
The 922 best Energy Tech companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Enerkem.
By Riya SenguptaFinancials
922companies tracked
$6.6Bdisclosed funding
0unicorns
276have raised
$6.6 billion in disclosed funding across 922 tracked companies tells you something real about where Energy Tech in Canada sits right now. This directory ranks those companies by disclosed equity funding and recent funding momentum, giving you a clear line of sight into who's actually capitalized and who's moving.
The funding is concentrated but not uniform. Eavor leads at $278 million, GHGSat has pulled in $145 million, and NanoOne sits at $96 million, with Next Hydrogen close behind at $69 million. Those figures dwarf the field's median, and I'd argue the gap between the top five and the rest reflects how capital-intensive deep energy infrastructure really is. No unicorns yet, which matters: this is a sector still in the proving phase, not the exit phase. Hot themes right now include solar electricity generation, solar PV, and green data centers, with oil price volatility adding pressure from below. So what's driving the app-layer side? Median install growth of roughly 28% year-over-year across 138 energy-related apps, as emerging green energy technologies continue attracting developer attention. The most active backers here, including Sustainable Development Technology Canada and BDC, tend to favor climate-adjacent mandates, which shapes the whole funding mix.
Sources & further reading
- Alberta Boasts Record-High Oil Production
- RWE secures CfDs for 290 MW of solar PV and onshore wind capacity in AR7
- Oil prices spike after Qatari minister warns Gulf output will be shut down ‘with
FLIAR INTELLIGENCE · ENERGY TECH × CANADA
Our analysis of 287 Energy Tech companies
$109.4b in tracked funding; 82% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
287companies analysed
82%cloud-native stacks
2025funding peak (by rounds)
32unicorns
2018median founding year
552kcombined LinkedIn audience
29%of audience held by top 3
7companies hiring publicly (12 mo)
Ranked: Best Energy Tech companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Enerkem Provider of technology converting waste into low-carbon fuels and circular chemicals 57Patents top 21%Funding top 24%Moat top 26%Product top 28% All 11 signals ▾Patentstop 21% Fundingtop 24% Moattop 26% Producttop 28% Innovationtop 32% Growthtop 45% Markettop 48% Techbottom 49% Globalbottom 44% Talentbottom 40% Newsbottom 25% Patents: 193 patents matched (strict assignee match) · 57 filings since 2022 vs 39 in 2017-21 Funding: Raised $859M across 19 rounds · 19 rounds over 19 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $859M | 50 mo ago | 311 | Vincent Chornet Co-Founder | HubSpot CMS HubSalesforceAzure+16 | — | 193 patents Converting waste carbon into syngas-derived fuels and chemicals (e.g., biofuels, acids, naphtha). | 1 award |
| 2 | 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 | — |
| 3 | 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 | Cameron Lewis Co-Founder | WordPressApple iCloud MailMicrosoft 365+27 | — | 123 patents Hydrostatically compensated compressed air energy storage systems improving safety and efficiency | 1 job opening · 1 award |
| 4 | Eavor Provider of solutions for generating electricity from geothermal energy 42Funding top 15%Moat top 39%Growth top 45%Talent bottom 49% All 8 signals ▾Fundingtop 15% Moattop 39% Growthtop 45% Talentbottom 49% Marketbottom 45% Globalbottom 38% Techbottom 32% Newsbottom 21% Funding: Raised $278M across 10 rounds · 10 rounds over 7 yrs (1.4/yr) Moat: Editorial + unicorn rating 6/10 · 9 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 42/100 | $278M | 11 mo ago | 53 | John Redfern President & CEO (Co-Founder) | WordPressApple iCloud MailMicrosoft 365+21 | — | — | 1 award |
| 5 | Novonix Manufacturer of synthetic graphite, cathode materials, and cell testing equipment | $250M | 31 mo ago | 210 | Chris Burns CEO | WordPressBugHerdMySQL+36 | — | — | — |
| 6 | 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 |
| 7 | Nouveau Monde Developer of graphite materials for battery and clean technology applications | $200M | 18 mo ago | 104 | — | WordPressApple iCloud MailMicrosoft 365+28 | 76 signals ▲85% Announcements · Funding · Contracts | 14 patents Purifying graphite and producing agglomerates for battery electrode applications | — |
| 8 | ClearSky Global Provider of low carbon alternative fuels and fuel treatment solutions 24Funding top 35%Talent bottom 49%Market bottom 37%Global bottom 25% All 5 signals ▾Fundingtop 35% Talentbottom 49% Marketbottom 37% Globalbottom 25% Newsbottom 22% Funding: Raised $168M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 24/100 | $168M | 23 mo ago | — | Timothy Kozmyk CEO | — | — | — | — |
| 9 | Flo Platform providing electric-vehicle charging network and services | $149M | 24 mo ago | 600 | Louis Tremblay Founder & Chief Executive Officer | WordPressApple iCloud MailMicrosoft 365+44 | — | — | — |
| 10 | GHGSat Provider of satellite-based imaging services to monitor greenhouse gas emissions 60Funding top 18%Moat top 28%Talent top 28%Innovation top 30% All 10 signals ▾Fundingtop 18% Moattop 28% Talenttop 28% Innovationtop 30% Patentstop 31% Techtop 34% Growthtop 35% Newstop 39% Globalbottom 39% Marketbottom 20% Funding: Raised $145M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) Moat: Editorial + unicorn rating 8/10 · IP moat: 31 patents rank vs industry peers · Fliar Intelligence Index 60/100 | $145M | 9 mo ago | 2 | — | SalesforceVimeoGSAP+28 | — | 31 patents Spaceborne hyperspectral imaging for atmospheric trace‑gas detection and quantification | 1 launch |
| 11 | The Lion Electric Manufacturer of all-electric school buses and related electric vehicle services | $144M | 35 mo ago | 1,350 | Marc Bedard Founder & CEO | WordPressApple iCloud MailMicrosoft 365+21 | — | — | 1 partnership · 1 expansion |
| 12 | dcbel Developer of a home energy management system. This system allows homeowners to monitor, manage, and optimize… | $98M | 9 mo ago | 70 | Ronald Denom Co-Founder & COO | WordPressApple iCloud MailMicrosoft 365+45 | — | 105 patents Bidirectional power converters for EV charging and household‑grid energy management | — |
| 13 | 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%) | — | WordPress Block EditorWordPressMySQL+31 | 20 signals ▼38% Funding · Leadership · Capital raise | — | 1 partnership |
| 14 | Next Hydrogen Developer of water electrolyzer technology for green hydrogen production solutions | $69M | 6 mo ago | 42 | Jim Hinatsu Founder | WordPressMySQLPHP+23 | 9 signals ▼50% Funding · Earnings · Leadership | 72 patents Wind‑powered hydrogen electrolysis systems and pressure‑plate electrolyzer hardware | — |
| 15 | e-Zinc Provider of rechargeable zinc batteries | $62M | 23 mo ago | 82 | James Larsen CEO | WordPressApple iCloud MailMicrosoft 365+21 | — | 19 patents Advanced cathode structures and electrolyte management for metal‑based rechargeable batteries | — |
| 16 | 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 | Trent Mell CEO | PHPCentOSVimeo+18 | 68 signals ▲106% Funding · Announcements · Capital raise | — | 1 expansion |
| 17 | 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 |
| 18 | ISun Energy Provider of smart solar canopies and carports | $46M | 25 mo ago | 290 | — | — | — | — | — |
| 19 | SWTCH Provider of EV charging management systems | $38M | 12 mo ago | 76 | Carter Li CEO | RubyAuth0Auth0 Lock+31 | — | — | 1 partnership |
| 20 | Ionomr Innovations Ion-exchange membranes | $38M | 13 mo ago | 43 | Bill Haberlin Chief Executive Officer | WordPressMySQLPHP+23 | — | 27 patents Advanced ionomeric polymer membranes and functional antimicrobial polymer coatings for energy and health applications | — |
| 21 | Electrovaya Manufacturer of lithium-ion battery technology and energy storage systems | $37M | 20 mo ago | — | Sankar Gupta Co-Founder & CEO | 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 |
| 22 | 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 |
| 23 | Cielo Developer of facilities converting waste streams into low-carbon fuels 42Funding top 24%Partners top 31%News top 43%Growth top 45% All 7 signals ▾Fundingtop 24% Partnerstop 31% Newstop 43% Growthtop 45% Techtop 46% Globalbottom 36% Marketbottom 35% Funding: Raised $34.7M across 19 rounds · 19 rounds over 9 yrs (2.1/yr) Partners: 3 contract events in 12 mo · Named contractor/client in 3 deals rank vs industry peers · Fliar Intelligence Index 42/100 | $35M | 4 mo ago | 22 | — | WordPressPleskMySQL+28 | 21 signals ▼55% Funding · Announcements · Contracts | — | — |
| 24 | GreenPower Manufacture of multiple categories of electric commercial vehicles | $33M | 3 mo ago | 40 40 → 60 (+50%) | Fraser Atkinson CEO | WordPressMySQLPHP+27 | 26 signals ▼19% Regulatory · Announcements · Funding | — | 1 launch |
| 25 | 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 | Peter Sobotka Founder & CEO | WebflowYouTubeWeglot+12 | 5 signals ▲67% Funding · Leadership | — | 1 partnership · 3 awards |
| 26 | 7Gen Provider of end-to-end fleet electrification solutions | $28M | 13 mo ago | 34 | Mark Bayley Co-Founder & Vice President; Finance & Risk | HubSpot CMS Hubcore-jsHubSpot Analytics+8 | — | — | — |
| 27 | Crux OCM AI-based software solution to optimize pipeline transmission activities for the oil and gas midstream industry | $27M | 22 mo ago | 35 | Vicki Knott Co-Founder & CEO | WordPressApple iCloud MailMicrosoft 365+24 | — | — | — |
| 28 | Abound Provider of battery technology for energy solution | $27M | 11 mo ago | — | Jason Birmingham CEO | WordPress Block EditorElementorWordPress+21 | — | — | — |
| 29 | 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 | David Wilkinson Co-Founder | WordPressMySQLPHP+22 | 7 signals ▲600% Contracts · Funding · Capital raise | — | 1 award |
| 30 | 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 |
| 31 | 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 |
| 32 | FuelPositive Provider of green ammonia | $20M | 18 mo ago | 9 | — | WordPress Block EditorwpBakeryElementor+37 | 8 signals ▼65% Funding · New product · Earnings | 15 patents Modular on‑site clean hydrogen and ammonia/ammonium‑hydroxide synthesis systems | — |
| 33 | Oneka Technologies Waves-powered desalination units developer 57Innovation top 23%Product top 30%Growth top 35%Moat top 38% All 8 signals ▾Innovationtop 23% Producttop 30% Growthtop 35% Moattop 38% Fundingtop 39% Marketbottom 43% Techbottom 43% Globalbottom 36% Innovation: 4 product lines · Deep-tech classification: Tech Hardware Product: 4 distinct product lines · Company stage: Series B rank vs industry peers · Fliar Intelligence Index 57/100 | $15M | 18 mo ago | 48 | — | WordPressMySQLPHP+22 | — | — | 1 award |
| 34 | Hillcrest Energy Provider of energy storage systems | $15M | 15 mo ago | 13 | — | WordPressMySQLPHP+31 | 7 signals ▲133% Funding · Contracts | 18 patents Advanced resonant and ZVS power converters for high-efficiency electric vehicle drives | 2 launchs |
| 35 | Enedym Manufacturer of electric motors for multiple categories of vehicles 48Patents top 26%Moat top 32%Funding top 33%Growth top 35% All 11 signals ▾Patentstop 26% Moattop 32% Fundingtop 33% Growthtop 35% Talenttop 38% Innovationtop 44% Producttop 46% Techbottom 49% Globalbottom 43% Newsbottom 42% Marketbottom 30% Patents: 39 patents matched (strict assignee match) · 27 filings since 2022 vs 12 in 2017-21 Moat: Editorial + unicorn rating 7/10 · IP moat: 39 patents rank vs industry peers · Fliar Intelligence Index 48/100 | $15M | 7 mo ago | 36 | Randy Reisinger Co-Founder | WordPressApple iCloud MailGoogle Workspace+22 | — | 39 patents Efficient, low-noise switched reluctance motor systems for renewable and industrial drives | 1 launch |
| 36 | Watt Renewables Provides off-grid solution for solar energy 48Innovation top 23%Product top 30%Partners top 45%Tech top 47% All 10 signals ▾Innovationtop 23% Producttop 30% Partnerstop 45% Techtop 47% Fundingtop 49% Talentbottom 49% Growthbottom 47% Marketbottom 37% Globalbottom 36% Newsbottom 21% Innovation: 5 product lines · Deep-tech classification: Tech Hardware Product: 5 distinct product lines · Company stage: Series B rank vs industry peers · Fliar Intelligence Index 48/100 | $13M | 18 mo ago | 46 | Oluwole Eweje CEO & MD | WordPressMySQLPHP+22 | — | — | 3 job openings · 1 partnership |
| 37 | Acceleware Provider of seismic imaging software and enhanced oil recovery technology solutions | $12M | 11 mo ago | 25 | Michal Okoniewski Co-Founder & CSO | Wix eCommerceWixSentry+10 | 17 signals Funding · Leadership · Earnings | 90 patents Electromagnetic heating control and robust signal generation/communication hardware solutions | 1 launch · 1 award |
| 38 | Aurora Hydrogen Provider of high-efficiency clean hydrogen production technology. | $10M | 2 mo ago | 8 | Andrew Gillis Co-Founder & CEO | Apple iCloud MailMicrosoft 365Node.js+12 | — | 13 patents Microwave-assisted hydrocarbon reforming for hydrogen generation with solid carbon by‑product | — |
| 39 | Brickeye Provider of construction risk mitigation platform integrating IoT and data analytics 37Funding top 33%Talent top 38%Product top 42%Moat bottom 45% All 6 signals ▾Fundingtop 33% Talenttop 38% Producttop 42% Moatbottom 45% Marketbottom 40% Globalbottom 36% Funding: Raised $10.0M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 37/100 | $10M | 4 mo ago | — | Anthony Fernando Co-Founder | — | — | — | — |
| 40 | Solace Power Offering wireless charging infrastructure using Resonant Capacitive coupling | $9M | 4 mo ago | 43 | Neil Chaulk Chief Executive Officer | WebflowTypekitGoogle Font API+17 | — | 169 patents Wireless power transfer hardware—coils, transmitters, and advanced rectifier circuits. | — |
| 41 | Hypercharge Online platform offering charging solutions | $9M | 7 mo ago | 17 | David Bibby Co-Founder & Chief Executive Officer | WordPressMySQLPHP+33 | 7 signals Earnings · Leadership | — | 1 expansion · 1 award |
| 42 | Vortex Energy Provider of hydrogen fuel from saltwater | $8M | 13 mo ago | — | Paul Sparkes CEO & Director | WordPress Block EditorElementorWordPress+18 | — | — | — |
| 43 | Soma Energy Provider of energy intelligence platform synchronizing procurement, management, and load coordination | $7M | 2 mo ago | — | Henrique Hoeltgebaum Co-Founder & Chief AI Scientist | WebflowApple iCloud MailGoogle Workspace+12 | — | — | — |
| 44 | Ayrton Energy Company that specializes in liquid organic hydrogen carrier storage technology | $7M | 13 mo ago | 10 | — | — | — | — | 1 job opening · 1 launch · 1 partnership |
| 45 | Open Ocean Robotics Developer of autonomous uncrewed surface vehicles for maritime security and data | $6M | 19 mo ago | 34 | Julie Angus Co-Founder & CEO | Wix eCommerceWixSentry+15 | — | 4 patents Self-righting trimaran autonomous marine vessels for offshore robotics | 1 award |
| 46 | 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 | — | — | — |
| 47 | Clear Blue Technologies Developer of smart off-grid controllers 50Tech top 32%Funding top 34%Talent top 35%Moat top 38% All 11 signals ▾Techtop 32% Fundingtop 34% Talenttop 35% Moattop 38% Partnerstop 40% Newstop 42% Marketbottom 47% Growthbottom 47% Innovationbottom 45% Globalbottom 45% Patentsbottom 44% Tech: 35 technologies across 5/8 capability areas · Cloud: Cloudflare Funding: Raised $3.9M across 16 rounds · 16 rounds over 12 yrs (1.3/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $4M | 17 mo ago | 50 | John Tuerk Co-Founder & Chief Power Officer | LocomotiveCMSRubyMongoDB+18 | 8 signals ▼65% Earnings · Contracts · Funding | 22 patents Autonomous solar lighting systems with variable-source charging and remote monitoring | — |
| 48 | Solaires Developer of perovskite-based solar ink and photovoltaic modules and film 27Growth top 35%Funding top 49%Global bottom 36%Tech bottom 32% All 5 signals ▾Growthtop 35% Fundingtop 49% Globalbottom 36% Techbottom 32% Marketbottom 31% Growth: Fresh capital in last 24 mo Funding: Raised $3.6M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) rank vs industry peers · Fliar Intelligence Index 27/100 | $4M | 14 mo ago | 29 | — | PythonBootstrapAmazon Web Services+15 | — | — | — |
| 49 | Moment Energy Provider of battery energy storage systems using repurposed electric vehicle batteries | $3M | 1 mo ago | 44 | Gurmesh Sidhu Co-Founder & Chief Product Officer | WebflowTypekitGoogle Font API+18 | — | — | — |
| 50 | Kiwi Charge Platform offering a subscription model for electric vehicle charging | $500K | 4 mo ago | — | Abdel Ali Founder | TurbopackNode.jsRadix UI+9 | — | — | 1 job opening |
Top 12 Energy Tech companies in Canada
#1
Public · Burnaby, British Columbia · founded 1987 · 132 employees$96.3Mraised▾
Public · Burnaby, British Columbia · founded 1987 · 132 employees
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.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 13%News
top 39%Tech
top 40%Growth
top 43%Market
top 47%Moat
top 48%Funding: Raised $96.3M across 19 rounds · 19 rounds over 11 yrs (1.7/yr) · Last round Grant (prize money) (Mar 2026)
News: 20 BI events in 12 mo (of 100 tracked, 11 types) · -38% YoY · 15 high-value events (IPO/M&A/funding/contracts) in 12 mo
Tech: 42 technologies across 4/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Audience (LinkedIn): 16k LinkedIn followers — 2.8% of this cohort's audience
Activity (LinkedIn): 1 partnerships (incl. Worley Chemetics) announced in 12 mo
Funding rounds
- Mar 2026Grant (prize money)$2.2M
- Oct 2025Grant (prize money)$3.6M
- Feb 2025Grant (prize money)$12.9M
- Sep 2024Grant (prize money)$12.9M
Investors
Government of British Columbia, Sustainable Development Technology Canada, Rio Tinto, Defense.gov, Sumitomo Metal Mining, Government of Canada
Tech stack
Animate.CssAutoptimizeCloudflareCloudflare Bot ManagementCore-JsFont Awesome
#2
Public · Vancouver, British Columbia · founded 2010 · 40 employees$33.2Mraised▾
Public · Vancouver, British Columbia · founded 2010 · 40 employees
Manufacture of multiple categories of electric commercial vehicles. The company develops vehicles with features that includes lithium-ion batteries, speed charging, and more.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 7k LinkedIn followers
Activity: 1 product launches announced in 12 mo
Funding rounds
- Feb 2026Post IPO$879.7K
- Nov 2025Post IPO$18M
- May 2019Post IPO$4M
- Oct 2017Post IPO$2.2M
Founders & team
Tech stack
CloudflareCloudflare Bot ManagementCookie NoticeCore-JsElementorGodaddy
#3
Acquired · Calgary, Alberta · founded 2017 · 53 employees$277.8Mraised▾
Acquired · Calgary, Alberta · founded 2017 · 53 employees
Provider of solutions for generating electricity from geothermal energy. The company offers a closed system within which a proprietary working fluid is contained and circulated. The system harvests heat from deep in the earth that can be used for commercial heating applications.
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Funding
top 15%Moat
top 39%Growth
top 45%Talent
bottom 49%Market
bottom 45%Global
bottom 38%Funding: Raised $278M across 10 rounds · 10 rounds over 7 yrs (1.4/yr) · Last round Series C (Jul 2025)
Moat: Editorial + unicorn rating 6/10 · 9 curated direct competitors tracked
Growth: Web rank 5,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 31k LinkedIn followers — 5.6% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Jul 2025Series C$65.1M
- Oct 2023Series B$65.7M
- Jun 2023Series B$59.9M
- Mar 2023Series B$405K
Founders & team
Investors
Sustainable Development Technology Canada, Natural Resources Canada, OMV Group, Japan Energy Fund, Monaco Asset Management, BDC
Tech stack
Apache Http ServerApple Icloud MailCookieyesCore-JsElementorGodaddy
#4
Public · Vancouver, British Columbia · founded 2011 · 22 employees$34.7Mraised▾
Public · Vancouver, British Columbia · founded 2011 · 22 employees
Developer of facilities converting waste streams into low-carbon fuels. The company focuses on securing waste streams that could harm the environment. It applies commercially available technologies to convert them into valuable fuels. The aim is to prevent materials from entering landfills, reducing emissions. The company intends to choose the right technology for the feedstock and market.
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Funding
top 24%Partners
top 31%News
top 43%Growth
top 45%Tech
top 46%Global
bottom 36%Funding: Raised $34.7M across 19 rounds · 19 rounds over 9 yrs (2.1/yr) · Last round Post IPO (Feb 2026)
Partners: 3 contract events in 12 mo · Named contractor/client in 3 deals
News: 21 BI events in 12 mo (of 187 tracked, 10 types) · -55% YoY · 13 high-value events (IPO/M&A/funding/contracts) in 12 mo
Audience (LinkedIn): 566 LinkedIn followers
Activity (LinkedIn): 1 partnerships (incl. Tano T'enneh Enterprises) announced in 12 mo
Funding rounds
- Feb 2026Post IPO$737.7K
- Oct 2025Post IPO$1.4M
- May 2025Post IPO$802.6K
- Jan 2025Post IPO$17.9K
Investors
Planet Ventures, EMBR Capital
Tech stack
Anime.JsContact Form 7Core-JsFacebook PixelFancyboxFlickity
#5
Public · Mississauga, Ontario · founded 2007 · 42 employees$69Mraised▾
Public · Mississauga, Ontario · founded 2007 · 42 employees
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.
Funding rounds
- Dec 2025Post IPO$15M
- Dec 2024Post IPO$1.9M
- Nov 2024Post IPO$2.2M
- Jul 2023Grant (prize money)—
Founders & team
Investors
Pathfinder, Canadian Space Agency, Sustainable Development Technology Canada, Smoothwater Capital, Rock Vntrs
Tech stack
Apache Http ServerBootstrapFont AwesomeGodaddyGoogle AnalyticsGoogle Font Api
#6
Series C · Montreal, Montreal · founded 2011 · 2 employees$145.1Mraised▾
Series C · Montreal, Montreal · founded 2011 · 2 employees
Provider of satellite-based imaging services to monitor greenhouse gas emissions. It provides users with a platform for collecting greenhouse emission data from industries. It has launched satellites that orbit the earth, measures the amount of light absorbed in specific wavelengths of light in spectroscopy, and measures gas leaks. It offers sensor-based solutions via aircraft, and the absorption of light is used to measure the concentration of gases in a specific area. It uses proprietary algorithms for predicting emission rates and detecting leakages and emission patterns.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Funding
top 18%Moat
top 28%Talent
top 28%Innovation
top 30%Patents
top 31%Tech
top 34%Funding: Raised $145M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) · Last round Series C (Sep 2025)
Moat: Editorial + unicorn rating 8/10 · IP moat: 31 patents · Soonicorn
Talent: Analyst team rating 4/5
Audience (LinkedIn): 39k LinkedIn followers — 7.1% of this cohort's audience
Activity (LinkedIn): 1 product launches announced in 12 mo
Funding rounds
- Sep 2025Series C$34M
- Sep 2025Conventional Debt—
- Sep 2023Series C$44M
- Sep 2023Conventional Debt—
Investors
Fonds de solidarite FTQ, BDC, Invest Quebec, Climate Investment, Japan Energy Fund, BMO
Tech stack
6SenseCloudflareCloudflare Bot ManagementCloudflare Rocket LoaderCore-JsEmotion
#7
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
#8
Public · Toronto, Ontario · founded 2017 · 37 employees$60.3Mraised▾
Public · Toronto, Ontario · founded 2017 · 37 employees
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.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
News
top 22%Growth
top 25%Partners
top 25%Funding
top 29%Talent
top 37%Tech
bottom 48%News: 68 BI events in 12 mo (of 238 tracked, 10 types) · +106% YoY · 27 high-value events (IPO/M&A/funding/contracts) in 12 mo
Growth: Fresh capital in last 24 mo
Partners: 0 partnership announcements in 12 mo (1 in 24 mo) · 12 contract events in 12 mo · Named contractor/client in 12 deals
Audience (LinkedIn): 9k LinkedIn followers
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Oct 2025Post IPO$34.5M
- Apr 2025Post IPO$1.6M
- Mar 2025Post IPO$3.1M
- Feb 2025Grant (prize money)$10M
Founders & team
Investors
Military Health
Tech stack
Apache Http ServerCdnjsCentosCloudflareCloudflare Bot ManagementFont Awesome
#9
Series B · Delta, British Columbia · founded 2013 · 35 employees$25Mraised▾
Series B · Delta, British Columbia · founded 2013 · 35 employees
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.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Growth
top 20%News
top 20%Funding
top 28%Talent
top 28%Partners
top 31%Moat
top 39%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 · 5 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding: Raised $25.0M across 5 rounds · 5 rounds over 5 yrs (1.0/yr) · Last round Conventional Debt (Jan 2026)
Audience (LinkedIn): 7k LinkedIn followers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Jan 2026Conventional Debt$85M
- Nov 2025Series B$1.5M
- Jan 2025Series B$35M
- May 2022Series A—
Founders & team
Investors
BMW i Ventures, Breakthrough Energy, BDC, Mitsubishi Corporation, Asahi Kasei, InBC
Tech stack
ComplianzCore-JsElementorFlickityGoogle AnalyticsGoogle Font Api
#10
Series C · Montreal, Montreal · founded 2015 · 70 employees$97.5Mraised▾
Series C · Montreal, Montreal · founded 2015 · 70 employees
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LinkedIn Pulse recent public activity · Jul 2026
Audience: 9k LinkedIn followers
Funding rounds
- Sep 2025Series C—
- Mar 2025Series C$55M
- Aug 2023Series B$50M
- May 2023Series B—
Founders & team
Investors
Real Ventures, Narrative Fund, Coatue, Volvo Cars, SVB, Idealist Capital
Tech stack
Amazon S3Amazon Web ServicesAnimate.CssAosApache Http ServerApple Icloud Mail
#11
Series D · Toronto, Ontario · founded 2010 · 60 employees$295Mraised▾
Series D · Toronto, Ontario · founded 2010 · 60 employees
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.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 18%Product
top 21%Talent
top 23%Innovation
top 26%Patents
top 26%Moat
top 26%Funding: Raised $295M across 10 rounds · 10 rounds over 10 yrs (1.0/yr) · Last round Series D (Feb 2025)
Product: 4 distinct product lines · Company stage: Series D
Talent: 5 named leaders on record · 3 C-suite/founder profiles curated
Audience (LinkedIn): 35k LinkedIn followers — 6.3% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Director of Project Development
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Feb 2025Series D$150M
- Feb 2025Conventional Debt$50M
- Oct 2024Series D$20M
- Dec 2023Series D$40M
Founders & team
Investors
Natural Resources Canada, Sustainable Development Technology Canada, Lorem Partners, Canoe Financial, ArcTern Ventures, Amplify Capital
Tech stack
Amazon AlbAmazon Web ServicesApache Http ServerApple Icloud MailAstraCdnjs
#12
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 — 2.5% 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
Funding & investor landscape
$6.6Btotal disclosed funding
247companies funded
797disclosed rounds
3rounds last 90 days
Most active investors
Export Development Canada18 rounds
Notable founders
Fraser Atkinson
CEO · GreenPower
John Redfern
President & CEO (Co-Founder) · Eavor
Jim Hinatsu
Founder · Next Hydrogen
Michael Stemp
Co-Founder & CTO · Next Hydrogen
Trent Mell
CEO · Electra Battery Materials
David Wilkinson
Co-Founder · Mangrove Lithium
Saad Dara
Co-Founder & CEO · Mangrove Lithium
Ronald Denom
Co-Founder & COO · dcbel
Marc Forget
Co-Founder & CEO · dcbel
Esther Pinto
President & CEO · Hydrostor
Yannick Beaudoin
Director - External Communications · Hydrostor
John Gocek
Co-Founder & CFO · XNRGY
Prism market signals · Canada · country-scoped Prism corpus, 223,187 docs
Market landscape — 10 sub-themes by coverage
Share of Energy Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · Canada
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.
research sentiment over time
201220202026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 56% → 65% across 2012–2026.
top research entities
- Ministry of Education193
- University of Waterloo118
- University of Alberta69
- Western University46
- University of Toronto44
leading researchers
İbrahim Dinçer · Innocent Kamwa · Linda F. Nazar · Karim Zaghib · Kankar Bhattacharya · Claudio A. Cañizares · Da Li · Weichen Zhao
▲
Breakthroughs379 · 35%
▲ 28%→37% share
▲1.3× share momentum1 median citations90% since 2021mostly methods-led
Electrolyte and cathode breakthroughs are surging — Canadian papers rose from 4→59 and 1→54 respectively, signalling rapid battery-chemistry advances.
rising sub-themes (early→recent)
- Electrolyte4→59
- Cathode1→54
- Battery (electricity)11→59
- Anode1→49
- Renewable energy2→42
Newly emergingAqueous solution 0→25 · Capacitor 0→25 · Faraday efficiency 0→19
Landmark Sulfur Cathodes Based on Conductive MXene Nanosheets for High‐Performance Lithium–Sulfur Batteries · 1,175 cites
◆
Advancements510 · 47%
▲ 42%→47% share
▲1.1× share momentum2 median citations87% since 2021mostly methods-led
Thermal energy storage newly emerged with 50 papers, instantly becoming a top Canadian grid-storage advancement research focus.
rising sub-themes (early→recent)
- Renewable energy7→101
- Battery (electricity)13→90
- Electrolyte4→45
- Photovoltaic system3→42
- Electrochemistry5→43
Newly emergingThermal energy storage 0→50 · Energy (signal processing) 0→28 · Thermal 0→23
Landmark Recent Advances and Prospects of Cathode Materials for Sodium‐Ion Batteries · 1,107 cites
▼
Concerns125 · 11%
11%→11% share
▲1.0× share momentum8 median citations82% since 2021mostly reviews
Battery (electricity) concern papers grew 3→23, while Environmental economics newly emerged, flagging rising scrutiny of grid storage sustainability.
rising sub-themes (early→recent)
- Renewable energy1→22
- Battery (electricity)3→23
- Cathode1→13
- Electrolyte3→14
- Nanotechnology4→13
Newly emergingEnergy (signal processing) 0→11 · Environmental economics 0→8 · Thermal energy storage 0→7
Landmark The Emerging Chemistry of Sodium Ion Batteries for Electrochemical Energy Storage · 2,032 cites
RESEARCH HOTSPOTS · Canada
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.
Waterloo/Hamilton145 · +0.55
Edmonton/Calgary100 · +0.52
Toronto70 · +0.50
Vancouver66 · +0.62
Montreal40 · +0.44
Ottawa/Kingston13 · +0.51
PATENT SIGNAL · Canada
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.
487 filings278 assigneespeak 66/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- 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
How many Energy Tech companies are there in Canada?
Radar tracks 922 indexable Energy Tech companies headquartered in Canada that meet our profile-completeness bar.
What is the total funding raised by Energy Tech companies in Canada?
The Energy Tech companies in Canada on this list have raised a combined $6.6B in disclosed equity funding across 247 funded companies.
Which is the highest-funded Energy Tech company in Canada?
Enerkem is the highest-funded Energy Tech company in Canada, with $858.6M in disclosed equity funding.
How many Energy Tech companies in Canada are funded?
247 of the 922 Energy Tech companies in Canada on this list have disclosed at least one equity funding round.
How many Energy Tech unicorns are there in Canada?
None of the Energy Tech companies in Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Canada Energy Tech companies?
The most active investors in Canada Energy Tech companies on this list include Sustainable Development Technology Canada, BDC, Foresight, Export Development Canada, MaRS Discovery District.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.