Radar · Solar Energy in Canada
Best Solar Energy Companies in Canada
The 223 best Solar Energy companies in Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Alterra Power.
By Rohit KhannaTrends & Stories
223companies tracked
$3.4Bdisclosed funding
0unicorns
42have raised
The strongest Solar Energy companies in Canada, ranked by disclosed equity funding and recent funding momentum, are tracked right here across 223 companies and $3.4B in total disclosed capital. Canadian Solar leads the pack at $230M raised, with Silfab Solar close behind at $225M. Capital Power has pulled in $108M, Jade Power $43M, and Revolve $5M. No unicorns yet, but the funding spread tells you the sector's still consolidating around a handful of scaled players.
So what's the broader pull? The global solar market sits at roughly $222.1B in 2024 and is forecast to hit $223.3B by 2026, growing at a 20.5% CAGR, driven by decarbonization mandates and shifting energy demand. I'd watch the app-layer signal too: median install growth across energy apps is running at about +28% YoY, and hot themes like solar PV and EV energy management systems are eating more of the coverage week by week. Canada's regulatory push on clean electricity standards is compressing timelines for project developers, which partly explains why active investors here, New Brunswick Innovation Foundation, Ontario Centre of Innovation, and Chrysalix Venture Capital among them, are staying close to the sector. And if you want a read on where sentiment is heading globally, Aerem's recent Series A signals that solar financing appetite isn't cooling down anytime soon.
Sources & further reading
- MarketsandMarkets
FLIAR INTELLIGENCE · SOLAR ENERGY × CANADA
Our analysis of 100 Solar Energy companies
$30.5b in tracked funding; 83% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
100companies analysed
83%cloud-native stacks
2025funding peak (by rounds)
2unicorns
2013median founding year
804kcombined LinkedIn audience
72%of audience held by top 3
5companies hiring publicly (12 mo)
Ranked: Best Solar Energy companies in Canada
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Alterra Power Renewable energy project developer using multiple sources of energy 45Funding top 33%Market top 44%Tech bottom 44%Global bottom 36% All 5 signals ▾Fundingtop 33% Markettop 44% Techbottom 44% Globalbottom 36% Newsbottom 32% Funding: Raised $856M across 6 rounds · 6 rounds over 15 yrs (0.4/yr) Market: 121 employees (top 30% of Environment) rank vs industry peers · Fliar Intelligence Index 45/100 | $856M | 100 mo ago | 121 | 2008 | — | — | — | — |
| 2 | Boralex Developer of renewable energy projects 72Funding top 29%News top 31%Market top 38%Growth top 40% All 11 signals ▾Fundingtop 29% Newstop 31% Markettop 38% Growthtop 40% Moattop 42% Innovationtop 43% Talenttop 46% Globaltop 47% Techtop 50% Partnersbottom 47% Patentsbottom 44% Funding: Raised $777M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) News: 23 BI events in 12 mo (of 235 tracked, 11 types) · +44% YoY rank vs industry peers · Fliar Intelligence Index 72/100 | $777M | 95 mo ago | 626 | 1982 | Patrick Decostre President & Chief Executive Officer | 23 signals ▲44% M&A · Announcements · Leadership | 11 patents Advanced control algorithms and systems for wind turbine operation and optimization | 1 partnership · 1 award |
| 3 | Innergex Renewable energy based IPP 57Tech top 22%Funding top 33%Product top 33%News top 40% All 11 signals ▾Techtop 22% Fundingtop 33% Producttop 33% Newstop 40% Moattop 42% Innovationtop 43% Markettop 45% Talenttop 46% Patentsbottom 48% Growthbottom 42% Globalbottom 33% Tech: 42 technologies across 6/8 capability areas · Cloud: Cloudflare, Vercel Funding: Raised $526M across 5 rounds · 5 rounds over 19 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $526M | 51 mo ago | 538 | 1990 | Michel Letellier President and Chief Executive Officer | 11 signals ▼76% M&A · Leadership · Regulatory | 7 patents Real-time blade deflection monitoring for wind turbine structural health management | — |
| 4 | Canadian Solar Manufacturer of solar technology and renewable energy solutions, with a global presence and a focus on… 69Market top 22%Funding top 22%Growth top 40%Tech top 44% All 8 signals ▾Markettop 22% Fundingtop 22% Growthtop 40% Techtop 44% Newstop 47% Patentstop 50% Globalbottom 42% Innovationbottom 26% Market: 18,423 employees (top 2% of Energy) · Top-1,000,000 web property Funding: Raised $230M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 69/100 | $230M | 5 mo ago | 18,423 | 2001 | — | 7 signals Earnings · Acquisition | 15 patents Manufacturing and interconnecting photovoltaic cells/modules for solar energy generation. | 2 launchs · 1 award |
| 5 | Silfab Solar Manufacturer of solar PV modules 57Funding top 30%Moat top 31%Talent top 37%Patents top 39% All 11 signals ▾Fundingtop 30% Moattop 31% Talenttop 37% Patentstop 39% Techtop 40% Producttop 41% Innovationtop 43% Markettop 46% Growthbottom 47% Globalbottom 36% Newsbottom 35% Funding: Raised $225M across 5 rounds · 5 rounds over 5 yrs (1.0/yr) Moat: Editorial + unicorn rating 8/10 · IP moat: 14 patents rank vs industry peers · Fliar Intelligence Index 57/100 | $225M | 13 mo ago | 650 | 2010 | Franco Traverso Co-Founder | 3 signals ▼75% Leadership | 14 patents Advanced photovoltaic cell designs, metallization patterns, and high-efficiency solar modules | — |
| 6 | Potentia Renewables Developer and operator of wind farms and solar parks | $202M | 76 mo ago | 86 | 2011 | Jeff Jenner CEO | — | — | 1 award |
| 7 | Northland Power Provider of solar energy power producer | $158M | 61 mo ago | 1,339 | 1987 | James Temerty Founder | 21 signals ▲17% Earnings · Announcements · Acquisition | — | — |
| 8 | Capital Power Provider of power generation facilities of energy sources 45Partners top 29%News top 36%Funding top 38%Growth top 50% All 8 signals ▾Partnerstop 29% Newstop 36% Fundingtop 38% Growthtop 50% Talentbottom 49% Marketbottom 46% Techbottom 44% Globalbottom 30% Partners: 3 partnership announcements in 12 mo (3 in 24 mo) · 5 contract events in 12 mo News: 21 BI events in 12 mo (of 89 tracked, 10 types) · +24% YoY rank vs industry peers · Fliar Intelligence Index 45/100 | $108M | 13 mo ago | 88 | 2009 | Brian Vaasjo CEO & President | 21 signals ▲24% Earnings · Contracts · Announcements | — | 1 expansion |
| 9 | BluEarth Renewables Developer of renewable energy facilities and provider of operating support | $81M | 139 mo ago | 10 | 2010 | — | — | — | 1 job opening |
| 10 | Enecsys Limited Manufactures electronic components | $55M | 181 mo ago | 51 | 2003 | — | — | — | — |
| 11 | Jade Power Developer of solar and wind energy projects 72Growth top 15%News top 37%Funding top 39%Talent bottom 49% All 5 signals ▾Growthtop 15% Newstop 37% Fundingtop 39% Talentbottom 49% Globalbottom 25% Growth: Fresh capital in last 24 mo News: 5 BI events in 12 mo (of 10 tracked, 5 types) · +150% YoY rank vs industry peers · Fliar Intelligence Index 72/100 | $43M | 20 mo ago | — | 2014 | Shalya Williams CEO | 5 signals ▲150% Announcements | — | — |
| 12 | OYA Renewables Provider of solar energy services | $35M | 68 mo ago | 70 | 2009 | — | — | — | — |
| 13 | Carmanah Manufacturer of solar lighting products | $24M | 133 mo ago | 67 | 1996 | Geoff Wilcox President & CEO | — | 57 patents Intelligent solar-powered traffic and marine lighting control and timing systems | — |
| 14 | Heliene Manufacturer of solar modules 40Partners top 32%Funding top 37%Talent top 41%Tech top 44% All 9 signals ▾Partnerstop 32% Fundingtop 37% Talenttop 41% Techtop 44% Moattop 48% Marketbottom 47% Globalbottom 36% Growthbottom 35% Newsbottom 24% Partners: 0 partnership announcements in 12 mo (4 in 24 mo) Funding: Raised $20.0M across 3 rounds · 3 rounds over 3 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 40/100 | $20M | 33 mo ago | 79 | 2010 | Martin Pochtaruk CEO & President | — | — | 5 job openings |
| 15 | Nexus Renewables Developer of solar and wind energy projects | $18M | 36 mo ago | 2 | 2020 | — | — | — | — |
| 16 | JCM Power Independent renewable energy power producer | $15M | 78 mo ago | — | 2009 | Martin Ritchie Co-Founder | — | — | — |
| 17 | Day4 Energy Independent power producer | $14M | 200 mo ago | 13 | 2001 | John Macdonald Chairman & CEO | — | 86 patents Advanced photovoltaic cell electrodes, module assembly adhesives, and oxide surface treatments. | — |
| 18 | Solar Flow A distributed solar IPP company | $10M | 152 mo ago | — | 2012 | Matt Wayrynen CEO | — | — | — |
| 19 | Enerworks Solar thermal energy technology developer | $9M | 208 mo ago | — | 1998 | — | — | — | — |
| 20 | Revolve Developer of solar and wind energy projects 53Partners top 20%News top 23%Growth top 28%Tech top 32% All 8 signals ▾Partnerstop 20% Newstop 23% Growthtop 28% Techtop 32% Producttop 35% Fundingtop 47% Marketbottom 31% Globalbottom 25% Partners: 8 contract events in 12 mo · Named contractor/client in 8 deals News: 51 BI events in 12 mo (of 176 tracked, 12 types) · +50% YoY rank vs industry peers · Fliar Intelligence Index 53/100 | $5M | 4 mo ago | 15 | 2012 | — | 51 signals ▲50% Announcements · Funding · Regulatory | — | — |
| 21 | SWITCH Power Independent Power Producer | $4M | 64 mo ago | 24 | 2019 | — | — | — | — |
| 22 | Enerdynamic Hybrid Technologies Offers solar solutions | $3M | 69 mo ago | 20 | 2012 | — | — | 3 patents Design and construction of solar photovoltaic power generation systems | — |
| 23 | Tribute Resources Offers construction and development services for cleantech projects | $3M | 110 mo ago | — | 1997 | Jane Lowrie CEO & President | — | — | — |
| 24 | Jaza Energy Distributed solar energy provider for rural areas | $2M | 75 mo ago | 265 | 2015 | — | — | — | — |
| 25 | David Energy Blog providing information on energy optimization, solar energy, and software engineering | $2M | 78 mo ago | 66 | 2017 | James McGinniss Co-Founder & CEO | — | — | 1 job opening |
| 26 | Leap Developer of solar energy projects | $1M | 36 mo ago | 6 | 2020 | — | — | 3 patents Predictive quoting algorithms for automated pricing and revenue management in e‑commerce | — |
| 27 | Terris Developer of solar and wind energy projects | $1M | 54 mo ago | 12 | 2018 | Tom Batty Co-Founder | — | — | — |
| 28 | Three Sixty Solar Provider of solar design services | $1M | 37 mo ago | 2 | 2017 | Brian Roth CEO | — | 3 patents Solar tower power generation and high‑temperature heat collection systems | — |
| 29 | Stardust Solar Commercial & residential solar installation and in-person training services provider 55Growth top 25%News top 28%Tech top 40%Partners top 40% All 7 signals ▾Growthtop 25% Newstop 28% Techtop 40% Partnerstop 40% Fundingtop 44% Marketbottom 33% Globalbottom 29% Growth: Web rank 10,000,000 → 5,000,000 YoY · 1 acquisition/expansion move in 24 mo News: 17 BI events in 12 mo (of 26 tracked, 7 types) · +143% YoY rank vs industry peers · Fliar Intelligence Index 55/100 | $497K | 14 mo ago | 10 | 2016 | — | 17 signals ▲143% Funding · Earnings · Announcements | — | 1 expansion |
| 30 | Berkley Renewables Developer of solar energy projects | $270K | 52 mo ago | 7 | 1986 | — | — | — | — |
| 31 | Clear Metals Developer of metal oxide deposition technology used in PV industry | $213K | 149 mo ago | 11 | 2012 | Andrew Barda CEO & President | — | 7 patents Transparent conductive oxide coating processes and low‑temperature silicon PV cell manufacturing | — |
| 32 | SolarSteam Developer of solar energy projects 40Patents top 34%Innovation top 35%Tech top 41%Funding top 44% All 9 signals ▾Patentstop 34% Innovationtop 35% Techtop 41% Fundingtop 44% Producttop 48% Moatbottom 49% Talentbottom 49% Globalbottom 40% Marketbottom 20% Patents: 9 patents matched (strict assignee match) · 9 filings since 2022 vs 0 in 2017-21 Innovation: 9 patents (top 54% of patent-holders) · 9 filings since 2022 vs 0 in 2017-21 rank vs industry peers · Fliar Intelligence Index 40/100 | $100K | 10 mo ago | 9 | 2017 | Apostol Radev Co-Founder & CEO | — | 9 patents Modular solar‑thermal collectors with integrated tracking, bearing, and enclosure systems | — |
Top 12 Solar Energy companies in Canada
#1
Public · Guelph, Ontario · founded 2001 · 18423 employees$230Mraised▾
Public · Guelph, Ontario · founded 2001 · 18423 employees
Canadian Solar is a leading global solar technology and renewable energy company, founded in 2001 in Canada. The company is a manufacturer of solar modules and a provider of solar energy solutions, with a mission to foster sustainable development. With a focus on innovation and efficiency, Canadian Solar has established itself as a prominent player in the solar industry, offering a range of products and services to customers worldwide.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Market
top 22%Funding
top 22%Growth
top 40%Tech
top 44%News
top 47%Patents
top 50%Market: 18,423 employees (top 2% of Energy) · Top-1,000,000 web property
Funding: Raised $230M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Post IPO (Jan 2026)
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 482k LinkedIn followers — 59.9% of this cohort's audience
Activity (LinkedIn): 2 product launches · 1 awards announced in 12 mo
Funding rounds
- Jan 2026Post IPO$230M
Tech stack
Acquia Cloud PlatformAcquia Cloud Site FactoryAdobe AnalyticsAdobe Experience Platform Identity ServiceAdobe Experience Platform LaunchAmazon Cloudfront
#2
Series D · Mississauga, Ontario · founded 2010 · 650 employees$225Mraised▾
Series D · Mississauga, Ontario · founded 2010 · 650 employees
Manufacturer of solar PV modules. It is the design and development of ultra-high-efficiency, premium-quality solar panels for generating electricity on the residential and commercial scale.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Funding
top 30%Moat
top 31%Talent
top 37%Patents
top 39%Tech
top 40%Product
top 41%Funding: Raised $225M across 5 rounds · 5 rounds over 5 yrs (1.0/yr) · Last round Grant (prize money) (May 2025)
Moat: Editorial + unicorn rating 8/10 · IP moat: 14 patents · Soonicorn
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated · 3 leadership moves in 12 mo
Audience (LinkedIn): 20k LinkedIn followers — 2.5% of this cohort's audience
Funding rounds
- May 2025Grant (prize money)$3M
- May 2025Grant (prize money)$719.9K
- Apr 2025Grant (prize money)$400K
- Mar 2023Series D$125M
Founders & team
Investors
ARC Financial, Ontario Power Generation, BDC, Manulife, CF Private Equity, OSTI
Tech stack
AhrefsApple Icloud MailAudioeyeBootstrapCloudflareCloudflare Bot Management
#3
Public · Vancouver, British Columbia · founded 2012 · 15 employees$4.8Mraised▾
Public · Vancouver, British Columbia · founded 2012 · 15 employees
Developer of solar and wind energy projects
Fliar Intelligence Index™ 53how this company ranks against its industry peers
Partners
top 20%News
top 23%Growth
top 28%Tech
top 32%Product
top 35%Funding
top 47%Partners: 8 contract events in 12 mo · Named contractor/client in 8 deals
News: 51 BI events in 12 mo (of 176 tracked, 12 types) · +50% YoY · 18 high-value events (IPO/M&A/funding/contracts) in 12 mo
Growth: Web rank 50,000,000 → 10,000,000 YoY · 4 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo
Audience (LinkedIn): 2k LinkedIn followers
Funding rounds
- Feb 2026Post IPO$10M
- Jun 2025Post IPO$873.3K
- Feb 2022Series A$4.8M
Investors
Callaway Capital Management
Tech stack
Apache Http ServerAstraCloudflareCloudflare Bot ManagementContact Form 7Core-Js
#4
Public · Edmonton, Alberta · founded 2009 · 88 employees$108.4Mraised▾
Public · Edmonton, Alberta · founded 2009 · 88 employees
Capital Power is an independent power producer primarily in the region of Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources coal/solid fuels, gas, wind and solar. Capital Power owns more than 3,200 MW of power generation capacity at 17 facilities across North America and an additional 545 MW owned generation capacity is under construction in Alberta and North Carolina.
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Partners
top 29%News
top 36%Funding
top 38%Growth
top 50%Talent
bottom 49%Market
bottom 46%Partners: 3 partnership announcements in 12 mo (3 in 24 mo) · 5 contract events in 12 mo · Named contractor/client in 5 deals
News: 21 BI events in 12 mo (of 89 tracked, 10 types) · +24% YoY · 5 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding: Raised $108M across 1 rounds · 1 rounds over 5 yrs (0.2/yr) · Last round Post IPO (Apr 2025)
Audience (LinkedIn): 32k LinkedIn followers — 3.9% of this cohort's audience
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Apr 2025Post IPO$108.4M
- May 2021Post IPO—
Founders & team
Tech stack
Amazon Web ServicesApple Icloud MailBootstrapCloudflareCloudflare Bot ManagementDatatables
#5
Public · Toronto, Ontario · founded 2014$43.2Mraised▾
Public · Toronto, Ontario · founded 2014
Developer of solar and wind energy projects
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 15%News
top 37%Funding
top 39%Talent
bottom 49%Global
bottom 25%Growth: Fresh capital in last 24 mo
News: 5 BI events in 12 mo (of 10 tracked, 5 types) · +150% YoY · Top themes: Announcements
Funding: Raised $43.2M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) · Last round Post IPO (Sep 2024)
Funding rounds
- Sep 2024Post IPO—
- Jan 2018Post IPO$43.2M
Founders & team
#6
Public · Toronto, Ontario · founded 1980$95.1Kraised▾
Public · Toronto, Ontario · founded 1980
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Fliar Intelligence Index™ 32how this company ranks against its industry peers
Talent
bottom 49%Funding
bottom 48%Global
bottom 25%Talent: 1 named leader on record · 1 C-suite/founder profile curated
Funding: Raised $95.1k across 1 rounds · 1 rounds over 4 yrs (0.2/yr) · Last round Post IPO (Mar 2026)
Global: Single-market focus (Canada)
Funding rounds
- Mar 2026Post IPO$95.1K
- Dec 2022Post IPO—
Founders & team
#7
Acquired · Longueuil, Quebec · founded 1990 · 538 employees$526.4Mraised▾
Acquired · Longueuil, Quebec · founded 1990 · 538 employees
Innergex is a renewable energy-based independent power producer that develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Tech
top 22%Funding
top 33%Product
top 33%News
top 40%Moat
top 42%Innovation
top 43%Tech: 42 technologies across 6/8 capability areas · Cloud: Cloudflare, Vercel · Devops: Nginx
Funding: Raised $526M across 5 rounds · 5 rounds over 19 yrs (0.3/yr) · Last round Post IPO (Feb 2022)
Product: 5 distinct product lines · 1 published app (7 installs) · Company stage: Acquired
Funding rounds
- Feb 2022Post IPO$37.3M
- Sep 2021Post IPO$201.3M
- Jun 2018Post IPO$150M
- Apr 2016Post IPO$38.9M
Founders & team
Investors
HQI Canada Holding, Birch Hill Equity Partners, WUTIF Capital, iA Capital Markets
Tech stack
Animate.CssApple Icloud MailCloudflareCloudflare Bot ManagementCloudwaysComplianz
#8
Public · Burnaby, British Columbia · founded 2016 · 10 employees$496.6Kraised▾
Public · Burnaby, British Columbia · founded 2016 · 10 employees
Commercial & residential solar installation and in-person training services provider
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Growth
top 25%News
top 28%Tech
top 40%Partners
top 40%Funding
top 44%Market
bottom 33%Growth: Web rank 10,000,000 → 5,000,000 YoY · 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo
News: 17 BI events in 12 mo (of 26 tracked, 7 types) · +143% YoY · 9 high-value events (IPO/M&A/funding/contracts) in 12 mo
Tech: 34 technologies across 5/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Audience (LinkedIn): 3k LinkedIn followers
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Apr 2025Post IPO$307.5K
- Mar 2025Post IPO$348.2K
- Jan 2025Series A$364.3K
- Jan 2025Series A$438.2K
Investors
Victory Square Technologies, New West Ventures
Tech stack
CalendlyCalltrackingmetricsCloudflareCloudflare Bot ManagementCore-JsFacebook Login
#9
Acquired · Vancouver, British Columbia · founded 2008 · 121 employees$855.9Mraised▾
Acquired · Vancouver, British Columbia · founded 2008 · 121 employees
Alterra Power is a leading global renewable energy development company, operating six power plants totaling 757 MW of generation capacity including Shannon wind project and two geothermal facilities in Iceland, owning a 349 MW share of capacity, generating over 1,600 GWh of power annually. Alterra is also constructing the 62 MW run-of-river hydroelectric project in British Columbia, which is expected to be in operation by Q3 2016
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Funding
top 33%Market
top 44%Tech
bottom 44%Global
bottom 36%News
bottom 32%Funding: Raised $856M across 6 rounds · 6 rounds over 15 yrs (0.4/yr) · Last round Conventional Debt (Feb 2018)
Market: 121 employees (top 30% of Environment)
Tech: 24 technologies across 3/8 capability areas · Devops: Nginx · Security: Recaptcha
Audience (LinkedIn): 43k LinkedIn followers — 5.3% of this cohort's audience
Activity (LinkedIn): 1 partnerships (incl. Mi'gmawei Mawiomi Business Corporation) announced in 12 mo
Funding rounds
- Feb 2018Conventional Debt$700M
- Nov 2016Post IPO$2.4M
- Oct 2016Conventional Debt$8.9M
- Oct 2016Post IPO$21M
Investors
NGEN Partners
Tech stack
WordpressMysqlPhpGoogle MapsVimeoAnimate.Css
#10
Acquired · Kingsey Falls, Quebec · founded 1982 · 626 employees$776.9Mraised▾
Acquired · Kingsey Falls, Quebec · founded 1982 · 626 employees
Developer of renewable energy projects
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Funding
top 29%News
top 31%Market
top 38%Growth
top 40%Moat
top 42%Innovation
top 43%Funding: Raised $777M across 4 rounds · 4 rounds over 8 yrs (0.5/yr) · Last round Post IPO (Jul 2018)
News: 23 BI events in 12 mo (of 235 tracked, 11 types) · +44% YoY · 13 high-value events (IPO/M&A/funding/contracts) in 12 mo
Market: 626 employees (top 15% of Environment) · Top-5,000,000 web property · Serving 4 countries incl. Canada, United States, United Kingdom
Audience (LinkedIn): 53k LinkedIn followers — 6.6% of this cohort's audience
Activity (LinkedIn): 1 partnerships · 1 awards (incl. Boralex et La Caisse (Caisse de dépôt et placement du Québec)) announced in 12 mo
Funding rounds
- Jul 2018Post IPO$51.8M
- Mar 2018Conventional Debt$232.5M
- Mar 2018Conventional Debt$356.6M
- Feb 2018Conventional Debt$136M
Founders & team
Investors
CIC, CA North East, Bpifrance, CDPQ, Fonds de solidarite FTQ, Energy Infrastructure Partners
Tech stack
Amazon CloudfrontAmazon Web ServicesApple Icloud MailAxeptioDocusignDrupal
#11
Seed · Calgary, Alberta · founded 2017 · 9 employees$100Kraised▾
Seed · Calgary, Alberta · founded 2017 · 9 employees
Developer of solar energy projects
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Patents
top 34%Innovation
top 35%Tech
top 41%Funding
top 44%Product
top 48%Moat
bottom 49%Patents: 9 patents matched (strict assignee match) · 9 filings since 2022 vs 0 in 2017-21 · Latest publication 2026
Innovation: 9 patents (top 54% of patent-holders) · 9 filings since 2022 vs 0 in 2017-21 · 3 product lines
Tech: 33 technologies across 4/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Audience (LinkedIn): 3k LinkedIn followers
Funding rounds
- Jul 2025Seed$717K
- Jun 2024Seed$100K
- Sep 2023Seed$50K
- Mar 2023Seed$350K
Founders & team
Investors
Gener8tor, Plug and Play Tech Center, New Brunswick Innovation Foundation, Foresight, Energia Ventures, Startup TNT
Tech stack
All In One SeoAstraBootstrapCloudflareCloudflare Bot ManagementCore-Js
#12
Series A · Sault Ste. Marie, Ontario · founded 2010 · 79 employees$20Mraised▾
Series A · Sault Ste. Marie, Ontario · founded 2010 · 79 employees
Heliene is a manufacturer of solar PV modules and provides solar panels for utility-scale projects. Projects include 20k 254W panels for the Malmesbury Solar Park in UK and others. Products include mono and polycrystalline solar panels of different ranges of cells and power capacities.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Partners
top 32%Funding
top 37%Talent
top 41%Tech
top 44%Moat
top 48%Market
bottom 47%Partners: 0 partnership announcements in 12 mo (4 in 24 mo)
Funding: Raised $20.0M across 3 rounds · 3 rounds over 3 yrs (1.0/yr) · Last round Series A (Sep 2023)
Talent: Analyst team rating 4/5 · 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 15k LinkedIn followers
Hiring (LinkedIn): 5 hiring posts in 12 mo (public) · momentum +5 · hiring: Line Operator, Stringer Operator
Funding rounds
- Sep 2023Conventional Debt$150M
- Sep 2023Series A$20M
- Jun 2017Grant (prize money)$1.4M
Founders & team
Investors
OIC, 2Shorescap, Valta Energy, Bullrock Renewables, Sustainable Development Technology Canada
Tech stack
Amazon S3Amazon Web ServicesCookieyesCore-JsElementorElementor Header & Footer Builder
Funding & investor landscape
$3.4Btotal disclosed funding
33companies funded
83disclosed rounds
0rounds last 90 days
Most active investors
Notable founders
Franco Traverso
Co-Founder · Silfab Solar
Paolo Maccario
President and CEO · Silfab Solar
Brian Vaasjo
CEO & President · Capital Power
Shalya Williams
CEO · Jade Power
John ODonnell
CEO · Enerev5
Michel Letellier
President and Chief Executive Officer · Innergex
Patrick Decostre
President & Chief Executive Officer · Boralex
Apostol Radev
Co-Founder & CEO · SolarSteam
Martin Pochtaruk
CEO & President · Heliene
James Temerty
Founder · Northland Power
Mike Crawley
President & Chief Executive Officer (departing Sept. 30th 2024) · Northland Power
Jeff Jenner
CEO · Potentia Renewables
RESEARCH SIGNALS · Canada
How research on Solar Photovoltaics is moving in Canada
A read on the academic research around Solar Photovoltaics — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 725 Canada-affiliated papers.
research sentiment over time
201420212026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 50% → 54% across 2014–2026.
top research entities
- Ministry of Education96
- McGill University58
- University of Toronto40
- University of Alberta29
- Western University29
leading researchers
Anhaus, Philipp · Schiller, Martin · Planat, Noémie · Katlein, Christian · Nicolaus, Marcel · Joshua M. Pearce · İbrahim Dinçer · Alan S. Fung
▲
Breakthroughs204 · 28%
▼ 29%→27% share
▼0.9× share momentum2 median citations85% since 2021mostly methods-led
Perovskite structure research is surging — Canadian breakthrough papers grew from 2 to 22, with tandem configurations newly emerging at 6.
rising sub-themes (early→recent)
- Photovoltaic system2→47
- Perovskite (structure)2→22
- Solar cell8→22
- Optoelectronics7→13
- Tandem1→6
Newly emergingSolar energy 0→48 · Renewable energy 0→22 · Evaporation 0→12
Landmark Architecting highly hydratable polymer networks to tune the water state for solar water purification · 1,014 cites
◆
Advancements353 · 49%
▼ 54%→49% share
▼0.9× share momentum1 median citations89% since 2021mostly methods-led
Photovoltaic system advancement research intensified sharply — Canadian papers rose from 10 to 116, with thermal energy storage newly entering the field.
rising sub-themes (early→recent)
- Solar energy4→114
- Photovoltaic system10→116
- Renewable energy3→55
- Solar cell7→29
- Optoelectronics5→27
Newly emergingThermal 0→18 · Thermal energy storage 0→17 · Wind power 0→12
Landmark Investigation of CH3NH3PbI3 Degradation Rates and Mechanisms in Controlled Humidity Env · 1,325 cites
▼
Concerns78 · 11%
▼ 17%→11% share
▼0.6× share momentum1 median citations90% since 2021mostly reviews
Renewable energy concern papers newly emerged at 25, signalling rising scrutiny alongside fossil fuel displacement and electricity integration challenges.
rising sub-themes (early→recent)
- Photovoltaic system3→29
- Solar energy1→26
- Nanotechnology2→8
- Hydrogen production1→4
- Perovskite (structure)2→5
Newly emergingRenewable energy 0→25 · Fossil fuel 0→8 · Electricity 0→7
Landmark GaAs Core−Shell Nanowires for Photovoltaic Applications · 468 cites
RESEARCH HOTSPOTS · Canada
Where solar pv 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.
Montreal66 · +0.14
Toronto63 · +0.56
Edmonton/Calgary57 · +0.54
Waterloo/Hamilton36 · +0.68
Vancouver26 · +0.40
Ottawa/Kingston24 · +0.44
PATENT SIGNAL · Canada
Who's filing solar pv patents in Canada
Canada solar pv patent filing is cooling — 1,707 filings from 1,477 assignees (2016–2025), led by Morgan Solar, DAY4 Energy, OTI Lumionics; annual filings 182→110.
1,707 filings1,477 assigneespeak 198/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- Morgan Solar154
- DAY4 Energy85
- OTI Lumionics77
- Saint Augustin Canada Electric71
- 10644137 Canada64
- Solantro Semiconductor60
- NAT RES Council Canada58
- Governing Council UNIV Toronto53
Common questions
How many Solar Energy companies are there in Canada?
Radar tracks 223 indexable Solar Energy companies headquartered in Canada that meet our profile-completeness bar.
What is the total funding raised by Solar Energy companies in Canada?
The Solar Energy companies in Canada on this list have raised a combined $3.4B in disclosed equity funding across 33 funded companies.
Which is the highest-funded Solar Energy company in Canada?
Alterra Power is the highest-funded Solar Energy company in Canada, with $855.9M in disclosed equity funding.
How many Solar Energy companies in Canada are funded?
33 of the 223 Solar Energy companies in Canada on this list have disclosed at least one equity funding round.
How many Solar Energy unicorns are there in Canada?
None of the Solar Energy companies in Canada on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Canada Solar Energy companies?
The most active investors in Canada Solar Energy companies on this list include New Brunswick Innovation Foundation, Ontario Centre of Innovation, ARC Financial, Birch Hill Equity Partners, Chrysalix Venture Capital.
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.