Best Renewable Energy Tech Companies in Canada
The 99 best Renewable Energy Tech companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Enerkem.
Canada's Renewable Energy Tech sector has a clear funding hierarchy, and this directory maps all 99 tracked companies against it, ranked by disclosed equity and recent momentum. $2.5B in total disclosed funding sits across that field, with Hydrostor ($295M) and Eavor ($278M) pulling well ahead of the pack.
So what's actually moving the money? Hot themes right now are solar electricity generation, EV battery technology, and next-generation EV platforms, and median install growth across energy apps is running at roughly +28% YoY across 195 tracked titles. That's not a rounding error. According to 2022 research, policy alignment is a core accelerant here, which tracks with Canada's clean energy mandates pushing capital toward exactly these verticals. The market itself is forecast to reach ~$4.6B by 2032 at a 23.2% CAGR, and I'd argue the funding concentration we're already seeing in companies like Hydrostor validates that trajectory. Investors including ArcTern Ventures, BDC, and Sustainable Development Technology Canada are the repeat names in these rounds. If you're sizing up where Canadian renewable tech is heading, the signals are converging fast, and recent coverage on emerging innovations suggests the global conversation is catching up to what's already being built here.
- einpresswire.com
Ranked: Best Renewable Energy Tech companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | 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 | 53 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 | Pond Technologies Provider of algal biomass solutions | $149M | 38 mo ago | 20 | — | WordPressMySQLPHP+29 | — | — |
| 6 | mCloud IoT, AI & SaaS-driven tools for monitoring & analyzing equipment health 48Innovation top 23%Funding top 23%Product top 29%Talent top 35% All 8 signals ▾Innovationtop 23% Fundingtop 23% Producttop 29% Talenttop 35% Globaltop 44% Newsbottom 39% Marketbottom 27% Techbottom 26% Innovation: 6 product lines · Deep-tech classification: Tech Hardware Funding: Raised $118M across 18 rounds · 18 rounds over 8 yrs (2.2/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $118M | 50 mo ago | 1 | Russ Mcmeekin CEOCo Founder | — | — | — |
| 7 | Morgan Solar Provider of solar design simulation software solutions | $46M | 102 mo ago | 34 | Mike Andrade CEO | Cart FunctionalitySquarespace CommerceSquarespace+24 | 187 patents Building-integrated photovoltaic shading systems with smart monitoring and wireless power transfer | 1 partnership |
| 8 | ISun Energy Provider of smart solar canopies and carports | $46M | 25 mo ago | 290 | — | — | — | — |
| 9 | 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 | — | — |
| 10 | Clir Provider of renewable energy asset reporting software solutions | $31M | 29 mo ago | 83 | Andrew Brunskill Director of Data Science | HubSpot CMS HubApple iCloud MailMicrosoft 365+20 | — | 2 launchs |
| 11 | FORGE Hydrocarbons Developer of LTH technology to produce petroleum-based hydrocarbons | $27M | 76 mo ago | 6 | Tim Haig Founder & CEO | — | 20 patents Converting fatty acids and organic waste into low‑acid hydrocarbon fuels via pyrolysis. | — |
| 12 | Solantro Provider of chipsets for power conversion applications | $26M | 134 mo ago | 30 | Tudor Lipan Co-Founder | — | — | — |
| 13 | Orecon Wave absorber technology developer | $24M | 219 mo ago | — | David Crisp Founder & CEO | — | — | — |
| 14 | 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 |
| 15 | Woodland Biofuels Developer of technology converting biomass waste into carbon negative renewable fuels | $13M | 155 mo ago | 6 | Greg Nuttall CEO | — | 25 patents Converting lignocellulosic biomass to ethanol using syngas fermentation processes. | — |
| 16 | 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 |
| 17 | QD Solar Developer pof quantum dot-based photovoltaic cells | $8M | 51 mo ago | 12 | — | — | 12 patents Surface‑engineered colloidal quantum dots for high‑efficiency solution‑processed photovoltaics | — |
| 18 | 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 |
| 19 | Hydrogen Optimized Provider of electrolysis-based hydrogen generation systems | $5M | 58 mo ago | — | Edward Stuart Vice President Development | Wix eCommerceWixSentry+20 | — | — |
| 20 | Steeper Energy Provider of biofuels from waste materials | $5M | 91 mo ago | 9 | Steen Brummerstedt Iversen Co-Founder | — | 12 patents Catalytic hydrodeoxygenation processes for low‑sulfur renewable oil production | — |
| 21 | 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 | 22 patents Autonomous solar lighting systems with variable-source charging and remote monitoring | — |
| 22 | 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 | — | — |
| 23 | 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 |
| 24 | Eguana Technologies Provider of energy storage systems for residential and commercial use | $2M | 18 mo ago | 43 | Justin Holland CEO | SalesforceVimeoAnimate.css+25 | — | — |
| 25 | Water Wall Turbine Provider of the tidal turbine located on a barge | $1M | 140 mo ago | — | Marek Sredzki Co-Founder & CEO | — | — | — |
| 26 | Rayleigh Solar Tech Manufacturer of perovskite based solar cells | $1M | 52 mo ago | 25 | — | WordPressMySQLPHP+13 | — | — |
| 27 | Idnergie Provider of renewable energy generating products | $263K | 81 mo ago | 13 | — | WordPressMySQLPHP+19 | — | — |
| 28 | Green Power Labs Predictive analytics provider for energy industry | $250K | 156 mo ago | 9 | Alexandre Pavlovski CEO | — | 35 patents Advanced solar and building energy forecasting and control systems for grid integration | — |
Top 12 Renewable Energy Tech companies in Canada
#1
Public · Vancouver, British Columbia · founded 2011 · 22 employees$34.7Mraised▾
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.
- Feb 2026Post IPO$737.7K
- Oct 2025Post IPO$1.4M
- May 2025Post IPO$802.6K
- Jan 2025Post IPO$17.9K
#2
Acquired · Calgary, Alberta · founded 2017 · 53 employees$277.8Mraised▾
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.
- Jul 2025Series C$65.1M
- Oct 2023Series B$65.7M
- Jun 2023Series B$59.9M
- Mar 2023Series B$405K
#3
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
#4
Series B · Sherbrooke, Quebec · founded 2015 · 48 employees$15.3Mraised▾
Oneka Technologies is a Canada based startup that has developed a floating autonomous desalination system capable of producing drinkable water. The water is pumped through filters and reverse osmosis membranes by using waves as the energy source.
- Nov 2024Series B$356.7K
- Oct 2024Series B$457.9K
- Aug 2023Series B$14.5M
- Jun 2021Series A$4.5M
#5
Series B · Sherwood Park, Alberta · founded 2016 · 46 employees$13Mraised▾
Watt Renewables provides off-grid, micro-grid and grid-tied solutions for solar energy projects. Its services include project development, engineering, procurement, construction, commissioning and O&M. It also have its own energy plant and installed it's plant in many place.
- Dec 2024Conventional Debt$15M
- Oct 2023Series B$13M
#6
Seed · Victoria, British Columbia · founded 2020 · 29 employees$3.6Mraised▾
Developer of perovskite-based solar ink and photovoltaic modules and film. The company provides solar ink that allows fabrication of perovskite film with high energy conversion efficiency and stability. It also offers photovoltaic modules that recycle wasted indoor light to power battery-driven electronic devices. Additionally, the company develops light, flexible, and transparent thin-film solar panels.
- Apr 2025Seed$2M
- Feb 2025Grant (prize money)$1.6M
- Dec 2021Grant (prize money)$100K
#7
Series H · Montreal, Montreal · founded 2000 · 311 employees$858.6Mraised▾
Provider of technology converting waste into low-carbon fuels and circular chemicals. The technology processes waste and residues into low-carbon fuels. It offers gasification technology that converts waste into sustainable chemicals. The company builds projects to produce sustainable methanol for hard-to-abate sectors.
- Apr 2022Series H$255M
- Feb 2022Grant (prize money)$4.3M
- Oct 2019Series G$37.8M
- Apr 2019Series G$57.1M
#8
Public · Toronto, Ontario · founded 2011 · 50 employees$3.9Mraised▾
Developer of smart off-grid controllers. It offers smart off-grid controllers which harvest energy from solar panels and a wind turbine, communications, and cloud software to power off-grid streetlights, security systems and offers other related services. Products include solar controllers, hybrid controllers, telecom power packs, nano-grid power packs, and others.
- Jan 2025Post IPO$1.1M
- Sep 2024Convertible Debt$1.8M
- Jan 2023Post IPO$1.9M
- Sep 2022Grant (prize money)$5M
#9
Seed · Victoria, British Columbia · founded 2018 · 34 employees$6Mraised▾
Developer of autonomous uncrewed surface vehicles for maritime security and data. These solar-powered vehicles are designed for persistent operation in challenging waters. They provide real-time awareness and data collection for environmental monitoring and maritime security applications. The vehicles use edge artificial intelligence for vision and acoustic intelligence. They offer solutions for defense, research, offshore industries, and port monitoring.
- Oct 2024Seed$2M
- Jan 2022Seed$1.2M
- Dec 2021Seed$2.8M
- Jun 2019Grant (prize money)$100K
#10
Acquired · Montreal, Montreal · founded 1988 · 290 employees$45.5Mraised▾
Provider of smart solar canopies and carports. Its offerings include Oasis solar canopy and Palm solar carport. The products are equipped with features such as smart lighting, electric vehicle charging, curved solar panel design, and more. It also provides a smartphone app called the iSun mobile app for controlling and monitoring smart lighting, energy production and consumption, carbon savings, electric vehicle charger, and more.
- May 2024Post IPO$50K
- Dec 2023Post IPO$3M
- Nov 2022Post IPO$12.5M
- Oct 2021Post IPO$30M
#11
Public · Markham, Ontario · founded 2008 · 20 employees$148.6Mraised▾
Provider of algal biomass solutions. It converts raw smokestack emissions from heavy industry into algal biomass and utilizes the microalgae to convert the CO2 emissions of industrial emitters into biofuel.
- Mar 2023Post IPO$421.8K
- Nov 2022Post IPO$450K
- Sep 2022Post IPO$301K
- Mar 2022Post IPO$1.1M
#12
Acquired · Mississauga, Ontario · founded 2009 · 41 employees$528.1Mraised▾
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.
- Jan 2022Conventional Debt$350M
- Nov 2021Conventional Debt$67.8M
- Jan 2021PE$374M
- Oct 2018PE$154.1M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Renewable Energy Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.