Export Development Canada

Export Development Canada (EDC) is a Crown corporation established in 1944 and headquartered in Ottawa, Ontario. It serves as an export credit agency focused on supporting Canadian businesses of all sizes in their international endeavors. EDC offers a range of services to facilitate global trade, including financial solutions, trade financing, export credit insurance, and risk management tools. The organization aims to enhance Canada's export trade by providing businesses with the necessary resources, such as industry knowledge and connections, to pursue international market opportunities confidently. In addition to its core services, EDC supports small and medium-sized enterprises through secured loans and other financial products, thereby fostering growth and development in the Canadian economy.

Hozefa Abbas

Investment Partner

Lissa Bjerkelund

Vice President, Investments and Mid-Market Lending

Erik Brien-Wright

Partner

Sean Brownlee

Director

Carl Burlock

Executive Vice President and Chief Business Officer

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 Energy Storage

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.

Renewable Power Capital

Debt Financing in 2024
Renewable Power Capital is a renewable energy investment platform based in London, England, established in 2020. The company specializes in the development, construction, and long-term ownership of renewable energy projects, focusing on onshore wind, solar, and battery storage technologies. It manages a portfolio of these projects and provides management services to enhance their efficiency and performance. By investing in innovative solutions for project development and construction, Renewable Power Capital aims to facilitate the energy transition while delivering stable, long-term, risk-adjusted returns for its stakeholders.

Eocycle

Series A in 2024
Eocycle Technologies Inc. is a manufacturer that specializes in developing and commercializing advanced wind turbines, particularly the EOCYCLE 25, a 25 kW direct-drive turbine designed for distributed wind energy applications. Leveraging over 12 years of research and development, Eocycle sets itself apart by maintaining full control over the intellectual property and commercial rights of its products, including its patented Transverse Flux Permanent Magnet (TFPM) generator technology. This innovative technology allows for higher torque and power at lower rotational speeds in a more compact design compared to competitors. Eocycle's turbines are particularly beneficial for farms, enabling them to generate self-produced electricity, reduce carbon footprints, and achieve cost stability by locking in electric rates. With a team that boasts extensive experience in engineering and the wind industry, along with a network of established partners in North America and Europe, Eocycle aims to provide reliable and efficient renewable energy solutions.

Airex Energy

Series B in 2023
Airex Energy Inc. is a Canadian company based in Laval, established in 2008, that specializes in biomass torrefaction technology. The company has developed a proprietary cyclonic bed reactor known as CarbonFX, which allows for the large-scale production of biocoal from various feedstocks, including woody biomass and agricultural waste. Airex Energy's technology not only produces biocoal but also generates other carbonized products such as biochar, contributing to the reduction of carbon emissions and helping clients achieve net-zero emissions. Through its innovative approach, Airex Energy aims to address environmental challenges while providing sustainable energy solutions.

UgoWork

Series B in 2022
UgoWork is a manufacturing company that specializes in the production of lithium-ion batteries and energy systems for industrial purposes. More than a lithium-ion battery, it is a tool that alleviates the pain of operating forklifts on multiple shifts per day (typically more than 2,000 hours per year) in the food, pharmaceutical, retail, manufacturing, and logistics industries. It aims for a sustainable world driven by intelligent resource management and efficiency. It is committed to reducing the carbon footprint of the supply chain.

CleanO2

Seed Round in 2022
CleanO2 Carbon Capture Technologies, founded in 2013 and based in Calgary, Alberta, is focused on transforming the heating industry through innovative carbon capture solutions. The company has developed both residential and commercial carbon capture devices, including the CARBiNX system, which effectively reduces greenhouse gas emissions from HVAC systems. These devices not only capture carbon emissions but also convert waste carbon into valuable by-products, such as chemicals used in the soap and detergent industry. By implementing heat recovery techniques, CleanO2 aims to lower energy demands while providing businesses with a sustainable method to mitigate their carbon footprints. With deployments initiated in Alberta and plans for global expansion, CleanO2 is dedicated to creating a positive environmental impact.

Mysa

Series B in 2021
Mysa is a developer of advanced smart thermostats designed to optimize home heating and reduce energy expenses. Its high-voltage thermostat features smart learning capabilities that can lead to approximately 15% savings on energy bills. The device allows users to remotely control their home's heating through a smartphone from anywhere in the world. Mysa's thermostats are Wi-Fi enabled and can track and display current room temperatures, detect when appliances are mistakenly left on in vacant homes, and generate detailed energy reports that provide insights into daily usage and potential utility costs. Additionally, Mysa's products integrate seamlessly with popular smart home platforms such as Amazon Alexa, Google Home, and Apple HomeKit, enhancing convenience for homeowners seeking efficient energy consumption.

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.

Svante

Series D in 2021
Svante is a prominent provider of carbon capture and removal solutions, focusing on the development and manufacture of innovative solid sorbents, structured adsorbent filters, and rotary contactor machines. The company's technology is designed for post-combustion industrial carbon capture and direct air capture, addressing hard-to-decarbonize emissions from industries such as cement, hydrogen, oil and gas, and steel. Svante's solid sorbent-based technology is both environmentally responsible and scalable, allowing for effective CO2 capture that meets pipeline-grade purity standards. This captured carbon can be safely transported, stored underground, or repurposed for various applications. By forming partnerships across the global carbon capture, utilization, and storage (CCUS) value chain, Svante aims to facilitate the implementation of source-to-sink carbon capture projects, helping enterprises reduce emissions while managing capital costs and energy use effectively.

FLO

Series C in 2020
FLO operates an electric vehicle charging network to provide smart charging services. Its platform helps to overcome climate change and accelerate EV adoption through a vertically integrated business model.

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.

EnergyPal

Seed Round in 2018
EnergyPal is a multinational provider of high quality Solar & Battery energy solutions. We give home and business owners the best value, guidance and support in choosing solar power and battery storage. Our platform offers industry-leading energy products and services and delivers financial savings through customer choice, lower pricing, proprietary technology and efficient operating practices.

Corvus Energy

Debt Financing in 2017
Corvus Energy Ltd. specializes in the research, development, manufacture, and supply of energy storage solutions tailored for marine, oil and gas, and port applications. Founded in 2009 and headquartered in Richmond, Canada, the company utilizes lithium-ion battery technologies to create modular energy storage systems that deliver reliable and safe power for hybrid and electric propulsion. These systems are designed to support various sectors, including cruise and ferry, offshore, fishing, aquaculture, tugs, workboats, and merchant shipping. In addition to its products, Corvus Energy offers a range of services such as technical support, spare parts, field service, training, consulting, and upgrades. The company's innovative solutions enable significant energy savings and contribute to clean energy leadership within the industry, providing clients with strong returns on investment.

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.

Anaergia

Private Equity Round in 2013
Anaergia Inc. is a company based in Burlington, Canada, that specializes in generating renewable energy from biogas through advanced anaerobic digestion of organic waste from municipal, agricultural, and industrial sources. The company’s offerings include technologies for producing clean energy, fertilizers, and recycled water, as well as municipal wastewater solutions and services for waste diversion and renewable natural gas applications. Anaergia operates through three main segments: Capital Sales, Services, and Build, Own, and Operate Projects, with the Capital Sales segment generating the majority of its revenue from the sale of proprietary technology solutions to municipalities, private entities, and project developers. The company's solutions are implemented in resource recovery facilities globally, with a presence in North America, Europe, and Asia.

Endurance Wind Power

Venture Round in 2013
Endurance Wind Power is a manufacturer of advanced small wind turbines ranging from 5 to 50 kilowatts, tailored for distributed wind power applications. The company focuses on providing renewable energy solutions that deliver localized and affordable clean energy. Its wind turbines are suitable for installation on farms and in light industrial settings, enabling clients to generate their own energy and contribute to sustainable practices. By offering efficient and accessible wind energy options, Endurance Wind Power supports the transition to renewable energy sources.

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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