Export Development Canada

Export Development Canada (EDC), established in 1944, is a Canadian Crown corporation headquartered in Ottawa. It assists businesses of all sizes, from small enterprises to large corporations, in expanding their global reach. EDC offers a range of services, including trade knowledge, financial solutions, equity investments, insurance, and connections, to help Canadian companies grow their business internationally with confidence.

Hozefa Abbas

Investment Partner

Lissa Bjerkelund

Vice President, Investments and Mid-Market Lending

Erik Brien-Wright

Partner

Carl Burlock

Executive Vice President and COO

Guillermo Freire

Senior Vice President, Mid-Market

Dan Mancuso

Senior Vice President, Financing and Investments

Isabela Murillo

Investment Manager

Richard Pinnock

Chief Diversity Officer and Director

Julie Pottier

senior Vice President

Eric Siegel

COO

Gabriel Sirois

Partner

Stephen Wilhelm

Regional Vice President

Past deals in Electric Grid

Mangrove Lithium

Venture Round in 2025
Mangrove Lithium, based in Vancouver, has developed a modular and scalable refining technology for the efficient production of battery-grade lithium hydroxide and carbonate from a variety of input streams. This innovative platform allows for the direct conversion of lithium chloride and lithium sulfate into high-quality lithium products. The technology can be adapted to different capacities and is designed to be co-located with upstream lithium producers, as well as cathode and cell manufacturers. Additionally, Mangrove’s platform is being commercialized for the conversion of waste brines into valuable chemicals and desalinated water, contributing to more sustainable practices in the lithium supply chain.

FLO

Series E in 2024
AddÉnergie Technologies Inc. is a leading Canadian company specializing in smart charging solutions for electric vehicles. Established in 2009 and based in Québec, the company develops, manufactures, and operates a range of charging stations tailored for various market segments, including the public sector, employers, multi-residential buildings, and fleets. Its product offerings include the SmartTWO and SmartDC charging stations for commercial and industrial use, as well as specialized solutions like the CoRe+ charger for private areas and the Curbside Charger. AddÉnergie is also the provider of the Electric Circuit and VERnetworkTM, two of Canada’s largest charging station networks, which collectively feature over 2,000 charging stations. The company supplies both the hardware and software necessary for managing these networks, and it is poised to expand its operations through new partnerships and networks internationally.

Tantalus Systems

Post in 2023
Tantalus Systems Corp. specializes in smart grid solutions focused on advanced metering, demand response, and distribution automation for utility companies. The company's flagship product, TUNet, is a versatile communications platform that facilitates two-way communication for electric, water, and gas utilities, enabling them to automate processes, enhance operational efficiency, and provide superior customer service. TUNet integrates various utility applications such as automated metering, outage management, and power quality monitoring, catering to both urban and rural areas. Additionally, Tantalus offers TUNet Insight, an analytics platform that helps utilities manage distribution networks by collecting detailed data from distributed assets and delivering timely insights. Founded in 1989 and headquartered in Burnaby, Canada, Tantalus serves primarily the North American market, with a significant presence in the United States. The company also has technology development and administrative offices in Vancouver and commercial offices in Raleigh, North Carolina.

Peak Power

Series A in 2021
Peak Power Inc. is a Toronto-based energy storage services provider established in 2015, with operations in New York, New England, and California. The company specializes in intelligent software solutions, notably its flagship platform, Peak Synergy, which optimizes energy management for commercial real estate and industrial clients. By focusing on battery energy storage systems, grid-interactive buildings, and electric vehicles, Peak Power helps customers minimize operational costs, reduce emissions, and participate in energy markets by selling energy back to the grid. The software is designed to enhance existing revenue streams and adapt to evolving market conditions, while the company's services encompass project development, construction, operation, financing, and maintenance. Peak Synergy has been deployed across over 13 million square feet of real estate, managing approximately 150 MWh of combined battery and electric vehicle capacity.

FLO

Series C in 2020
AddÉnergie Technologies Inc. is a leading Canadian company specializing in smart charging solutions for electric vehicles. Established in 2009 and based in Québec, the company develops, manufactures, and operates a range of charging stations tailored for various market segments, including the public sector, employers, multi-residential buildings, and fleets. Its product offerings include the SmartTWO and SmartDC charging stations for commercial and industrial use, as well as specialized solutions like the CoRe+ charger for private areas and the Curbside Charger. AddÉnergie is also the provider of the Electric Circuit and VERnetworkTM, two of Canada’s largest charging station networks, which collectively feature over 2,000 charging stations. The company supplies both the hardware and software necessary for managing these networks, and it is poised to expand its operations through new partnerships and networks internationally.

TransGrid

Debt Financing in 2020
TransGrid operates and manages a high voltage electricity transmission network in New South Wales and the Australian Capital Territory. This network connects electricity generators, distributors, and large end users, serving as the backbone of the National Electricity Market. By facilitating energy trading between the east coast states of Australia, TransGrid enables access to cost-effective electricity for households and businesses. The company's infrastructure includes high voltage overhead transmission lines, underground cables, substations, interconnectors to Victoria and Queensland, and fibre telecommunications networks. Founded in 1950 and based in Sydney, TransGrid plays a crucial role in supporting the transition to a cleaner energy future while ensuring a reliable power supply for its customers.

SWTCH

Seed Round in 2020
SWTCH specializes in providing electric vehicle charging solutions tailored for multifamily, commercial, and workplace properties across North America. The company focuses on harnessing existing grid infrastructure to enable building owners and operators to deploy EV charging effectively. Its flagship energy management solution, SWTCH Control, offers insights into building electrical loads and available capacity for EV charging, facilitating the installation and management of EV chargers without the need for expensive infrastructure upgrades. By integrating features like intelligent load management and real-time usage analytics, SWTCH supports property owners, businesses, and municipalities in creating accessible and cost-effective charging solutions. This approach not only meets the rising demand for electric vehicles but also enhances sustainability efforts and attracts environmentally conscious tenants, employees, and customers.

Opus One Solutions

Venture Round in 2019
Opus One Solutions is a software engineering firm focused on creating innovative solutions for energy management through its flagship product, GridOS®. This real-time operating system is designed to enhance the smart grid by integrating various energy resources, such as generation, storage, and demand, with critical information sources like sensors and analytics. GridOS® utilizes advanced algorithms for online analytics, providing utilities with improved situational awareness, control, and optimization of their systems. The software facilitates the management of a grid-of-microgrids and incorporates transactive energy functionality, which allows for the calculation of locational marginal values of distributed energy resources. By leveraging dynamic topology processing, Opus One Solutions enables clients to optimize energy planning, operations, and market management, ultimately fostering the development of intelligently connected and sustainable energy networks.

Generac Grid Services

Venture Round in 2015
Generac Grid Services focuses on providing advanced software solutions for the energy industry, aimed at optimizing energy distribution and enhancing grid stability. The company's technology enables the management of distributed energy resources, including flexible loads, energy storage, and renewable energy sources. By utilizing a real-time energy-balancing platform, Generac Grid Services creates controllable and dispatchable energy resources that can respond to the immediate needs of the power system. Their services include energy distribution optimization, electric vehicle load management, and frequency regulation, allowing energy retailers and utilities to navigate the complexities of modern energy markets and improve their operational efficiency.

Generac Grid Services

Venture Round in 2010
Generac Grid Services focuses on providing advanced software solutions for the energy industry, aimed at optimizing energy distribution and enhancing grid stability. The company's technology enables the management of distributed energy resources, including flexible loads, energy storage, and renewable energy sources. By utilizing a real-time energy-balancing platform, Generac Grid Services creates controllable and dispatchable energy resources that can respond to the immediate needs of the power system. Their services include energy distribution optimization, electric vehicle load management, and frequency regulation, allowing energy retailers and utilities to navigate the complexities of modern energy markets and improve their operational efficiency.
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