Solaires Entreprises
Debt Financing in 2025
Solaires Entreprises Inc, based in Victoria, BC, is a Canadian cleantech company dedicated to advancing solar technology. Comprising a team of 23 professionals, including scientists and engineers, Solaires focuses on developing next-generation solar cells that utilize perovskite materials instead of traditional silicon. This innovative approach not only aims to enhance energy conversion efficiency but also promotes a sustainable manufacturing process, making solar photovoltaics more affordable. The company's technology is designed to generate electricity from both indoor light and sunlight, with applications that include light-emitting diodes. Solaires' advancements are positioned to support the transition from fossil fuels to renewable energy, delivering high power conversion efficiency and stability while allowing processing in ambient environments.
Next Hydrogen Solutions
Grant in 2023
Next Hydrogen Solutions, established in 2007 and headquartered in Mississauga, Canada, specializes in the design and manufacture of electrolyzers. These devices convert water into clean hydrogen using electricity from renewable sources. The company offers a range of services including installation, maintenance, training, and consulting, along with electrolytic hydrogen production for end users. Next Hydrogen Solutions aims to reduce clean hydrogen generation costs from renewable energy, facilitating its widespread adoption to decarbonize the global economy.
Aurora Hydrogen
Grant in 2023
Aurora Hydrogen develops clean, scalable hydrogen production technology that utilizes microwave energy to decarbonize transportation and industrial processes. The technology is designed to be adaptable for installations ranging from small fueling stations to large industrial facilities, aims to produce hydrogen with no carbon dioxide emissions and minimal water consumption, and seeks to reduce global carbon emissions through widespread deployment.
Next Hydrogen Solutions
Grant in 2022
Next Hydrogen Solutions, established in 2007 and headquartered in Mississauga, Canada, specializes in the design and manufacture of electrolyzers. These devices convert water into clean hydrogen using electricity from renewable sources. The company offers a range of services including installation, maintenance, training, and consulting, along with electrolytic hydrogen production for end users. Next Hydrogen Solutions aims to reduce clean hydrogen generation costs from renewable energy, facilitating its widespread adoption to decarbonize the global economy.
Founded in 2015, Peak Power is a cleantech company specializing in intelligent energy management solutions. Headquartered in Toronto with operations across North America, the company offers Peak Synergy, an AI-powered software platform that optimizes energy use and maximizes revenues from battery storage systems, grid-interactive buildings, and electric vehicles for commercial real estate and industrial customers.
Anodyne Chemistries
Grant in 2022
Anodyne Chemistries is a Vancouver-based company focused on the sustainable production of critical chemicals. Utilizing innovative biochemistry, Anodyne employs enzymes and renewable electricity to convert carbon dioxide and other bio-based feedstocks into valuable industrial chemicals, materials, and fuels. The company's breakthrough technology not only eliminates emissions but also transforms CO2 into products traditionally derived from fossil fuels, thereby addressing climate change and promoting carbon utilization. By engineering novel enzymes and developing bioelectric pathways, Anodyne aims to maximize carbon efficiency in chemical production, enabling clients to reduce costs and improve competitiveness in the market. Through its mission, Anodyne Chemistries seeks to create a climate-positive world by reimagining how emissions are recycled into useful products.
SPARK Microsystems
Grant in 2022
SPARK Microsystems is a fabless semiconductor company developing wireless transceiver technology for ultra-low power Internet of Things applications. Its patented solutions deliver higher data rates with lower power consumption and reduced latency, extending device battery life and enabling efficient wireless operation in energy-constrained environments.
Enedym is a technology company developing next-generation switched reluctance motors (SRMs), ePowertrains, and motor controls. Headquartered in Hamilton, Ontario, Canada, Enedym aims to significantly reduce the cost of electric propulsion motors through novel SRM drive technologies.
Eavor Technologies
Venture Round in 2021
Eavor Technologies develops geothermal technology for clean, baseload power generation. Its proprietary Eavor-Loop™ system harvests heat from deep earth using wells to produce brine from a subsurface aquifer, enabling scalable heating applications with minimal environmental impact.
Environmental Material Science
Grant in 2021
EMS is a technological solution. They are dedicated to solving the environmental management and sustainability challenges faced by their customers.Their services include pipelines, consulting groups, pipeline service companies, refineries, small town municipalities, agricultural companies, and mining companies.
QEA Tech is a software company that combines AI, drone technology, and thermal imaging to provide insights into the building envelope. They process thousands of images using its proprietary software, transforming each pixel into a comprehensive 3D model of the building for quantifiable data and insights. Using 10,000+ high-resolution drone images, proprietary QEA Tech software converts each pixel into quantifiable data and a comprehensive 3D model before uploading each image to the cloud-based dashboard for 24/7 access.
The QEA System identifies where and how much energy is being wasted in a building's envelope, allowing you to prioritize repairs and calculate payback and ROI. The QEA Solution calculates Negawatt (NKwh), which quantifies energy gushers (heat and cool air escaping) through the walls, windows, doors, and roof of the building.
Maxen
Pre Seed Round in 2021
Maxen is a Montreal-based company focused on reducing the environmental footprint of buildings by enhancing energy efficiency and operational management. The company develops management systems that allow building managers to optimize their operations and energy processes. Maxen's platform facilitates equipment audits compatible with computerized maintenance management systems, integrating seamlessly with clients' building management systems. This approach enables businesses to achieve centralized, structured, and accessible operations management, ultimately promoting sustainable practices within the built environment.
Elocity
Seed Round in 2020
Elocity is a cleantech company based in Toronto, Canada. Founded in 2018, it offers intelligent and connected platforms for smart electric vehicle (EV) charging using AI and IoT technologies. The company's primary product, HIEV, enables utilities to manage EV-charging demand, balance loads, and integrate electromobility into existing grid infrastructure. Elocity serves power utilities, local distribution companies, municipalities, and EV charging network operators in North America and internationally.
Hydra Energy
Seed Round in 2020
Hydra Energy Corporation is a Canadian company based in Delta that specializes in providing clean combustion solutions through hydrogen as a service for fleet operators. Founded in 2012, the company retrofits diesel-powered heavy-duty vehicles to operate partially on hydrogen, thereby reducing fuel expenditures and lowering carbon emissions. Hydra Energy's innovative business model includes partnerships that facilitate hydrogen supply and fueling, allowing fleet operators to benefit from dual-fuel systems that can utilize both hydrogen and gasoline. This approach not only enhances operational efficiency but also supports the transition to cleaner transportation without imposing additional costs on the fleets it serves.
Salient Energy
Grant in 2020
Salient Energy is focused on commercializing an innovative zinc-ion battery developed from research at the University of Waterloo. This battery technology is designed for efficient electricity storage in the power grid, boasting a proprietary cathode that incorporates zinc within its crystal lattice, rather than merely reacting on the surface. This unique approach results in a battery with a relatively high energy density, making it a competitive alternative to traditional lithium-ion batteries. Salient Energy's batteries are not only safer and longer-lasting but also compatible with existing manufacturing processes, allowing for production in current battery factories worldwide. The company's goal is to provide the electric industry with sustainable and reliable energy storage solutions.
Sawback Technologies
Pre Seed Round in 2020
Sawback Technologies provides near-surface sensing solutions designed to visualize and analyze underground and near-surface data across large areas and complex environments primarily for construction and energy projects. The company offers tools to simplify the collection, visualization, and automated identification of near-surface objects, enabling large-scale data gathering and near real-time analysis of subterranean information using off-the-shelf and custom sensors, and this approach supports rapid identification of buried environmental and infrastructure hazards that can affect excavations and worker safety while allowing clients to collect imagery and measurements and efficiently manage the resulting data collections.
JDRF Electromag
Grant in 2019
JDRF Electromag offers a self-configuring smart lighting solution. JDRF Electromag's Autonomy System eliminates every financial, technical, and operational barrier to the adoption of smart lighting. It enables smart lighting's energy-saving potential by making it affordable and accessible to virtually any commercial building. JDRF Electromag's comprehensive suite of advanced smart lighting features requires no design, programming, or maintenance.
Enersion is a research and development company focused on creating innovative solutions for cooling, heating, and electricity. The company specializes in the design of adsorption chillers that utilize nano-porous materials to convert waste heat into cooling, thereby eliminating the need for electrically powered compressors or synthetic refrigerants. Enersion's Tri-Generation technology enhances energy efficiency by converting waste heat from power generation into cooling, maximizing savings for clients. By using natural gas for efficient cooling and generating electricity from hot water, Enersion enables clients to access sustainable energy solutions at reduced costs, benefiting both the environment and their operational expenses.
EnerPure is a cleantech energy company focused on recycling waste petroleum into clean fuel and energy. The company has developed a proprietary technology that transforms waste oil into diesel fuel through a systematic process that includes pre-treatment, preparation of feedstock, and refining via distillation and filtration. This innovative approach not only provides a sustainable solution for waste oil disposal but also significantly reduces greenhouse gas emissions. By enabling clients to minimize their environmental impact, EnerPure contributes to cleaner energy solutions while fostering local employment opportunities.
CelluFuel Inc. is a Canadian company based in Halifax, incorporated in 2008, that specializes in the production of synthetic renewable fuels derived from forestry resources. The company focuses on the commercialization of innovative technologies for converting woody biomass into renewable diesel fuel, positioning itself as a pioneer in the North American renewable energy sector. By operating a synthetic renewable fuel refinery, CelluFuel aims to provide sustainable energy solutions that contribute to both economic growth and environmental sustainability. Its commitment to clean and renewable practices underscores the company's goal of making a significant impact on the energy landscape.
Eavor Technologies
Grant in 2019
Eavor Technologies develops geothermal technology for clean, baseload power generation. Its proprietary Eavor-Loop™ system harvests heat from deep earth using wells to produce brine from a subsurface aquifer, enabling scalable heating applications with minimal environmental impact.
MEG Energy Corp. is a Canadian energy company specializing in sustainable in situ thermal oil production in the southern Athabasca region of Alberta. The company holds a 100% interest in approximately 750 square miles of mineral leases and primarily focuses on its Christina Lake Project, employing steam-assisted gravity drainage extraction methods to enhance oil recovery while reducing carbon emissions. MEG also operates significant midstream assets, including a 50%-owned joint venture, Access Pipeline, which connects the Christina Lake Project to transportation hubs, and the wholly-owned Stonefell Terminal, a 900,000 barrel storage facility. These assets enable MEG to optimize logistics and mitigate risks associated with pipeline constraints. Additionally, MEG is advancing innovative technologies like its Diluent Removal Facility and HI-Q® project, which aim to improve transportation efficiency and lower environmental impacts. Founded in 1999 and headquartered in Calgary, MEG Energy is well-positioned in the oil sands sector, supported by a skilled team dedicated to responsible energy development.
Founded in Toronto, Canada in 2012, NRStor specializes in developing and operating energy storage projects. The company focuses on accelerating the commercialization of reliable, cost-effective energy storage technologies to facilitate the growth of renewable energy sources.
SPARK Microsystems
Grant in 2017
SPARK Microsystems is a fabless semiconductor company developing wireless transceiver technology for ultra-low power Internet of Things applications. Its patented solutions deliver higher data rates with lower power consumption and reduced latency, extending device battery life and enabling efficient wireless operation in energy-constrained environments.
Peak Power
Seed Round in 2017
Founded in 2015, Peak Power is a cleantech company specializing in intelligent energy management solutions. Headquartered in Toronto with operations across North America, the company offers Peak Synergy, an AI-powered software platform that optimizes energy use and maximizes revenues from battery storage systems, grid-interactive buildings, and electric vehicles for commercial real estate and industrial customers.
Heliene is a solar panel manufacturer serving utility-scale, commercial, and residential markets. It designs and produces intelligent photovoltaic products and integrated module systems to meet customer needs, delivering high-quality modules at affordable costs. The company aims to be a valuable regional link in the Ontario solar power supply chain and serves the broader North American market, pursuing sustainable growth with comparatively lower debt and fixed costs.
QD Solar Inc., founded in 2014 and based in Toronto, Canada, is a company that develops advanced photovoltaic cells using colloidal quantum dot technology. The company's innovative approach combines efficient silicon solar cells with infrared solar cells in a hybrid architecture to capture more of the solar spectrum than traditional silicon cells alone. This technology aims to enhance the performance of solar cells, making them more cost-effective and efficient. QD Solar was spun off from the University of Toronto and focuses on creating new nanomaterial semiconductors to promote sustainable development and increase the use of renewable energy sources.
Opus One Solutions
Grant in 2016
Opus One Solutions is a software engineering and solutions company advancing the Connected Energy Internet with GridOS, a real-time operating system for the smart grid that integrates generation, storage, and demand with sensors, meters, and analytics to deliver enhanced situational awareness, supervisory control, and optimization of energy systems. The platform helps utilities improve grid reliability, power quality, utilization, and efficiency while supporting the transition to 100% clean energy. Its software enables transactive energy functionality, calculating locational marginal values of distributed energy resources and deploying dynamic topology processing to adapt to real-time switching and reconfiguration of the distribution network, thereby enabling optimized energy planning, operations, and market management and contributing to the development of intelligent, sustainable energy networks.
NextGrid specializes in the development and manufacturing of a micro-steam turbine combined heat and power (CHP) system designed for multi-residential and small commercial applications. This innovative system utilizes advanced turbine and combustion technologies to deliver hot water and electricity with significantly enhanced fuel efficiency, achieving up to 50 percent higher efficiency compared to conventional water heaters. The CHP system is particularly beneficial for markets such as hotels, multi-unit residential buildings, and various commercial operations, as it helps reduce electricity transportation and distribution losses, resulting in cost savings for users and promoting more sustainable energy practices.
QD Solar
Seed Round in 2016
QD Solar Inc., founded in 2014 and based in Toronto, Canada, is a company that develops advanced photovoltaic cells using colloidal quantum dot technology. The company's innovative approach combines efficient silicon solar cells with infrared solar cells in a hybrid architecture to capture more of the solar spectrum than traditional silicon cells alone. This technology aims to enhance the performance of solar cells, making them more cost-effective and efficient. QD Solar was spun off from the University of Toronto and focuses on creating new nanomaterial semiconductors to promote sustainable development and increase the use of renewable energy sources.
FORGE Hydrocarbons
Grant in 2016
FORGE Hydrocarbons produces drop-in renewable fuels using its proprietary Lipid-to-Hydrocarbon (LTH) technology. This process transforms waste fats and oils into hydrocarbons indistinguishable from petroleum-based ones, without requiring a catalyst or hydrogen. The company serves the renewable energy and transportation sectors.
General Fusion
Grant in 2016
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.
General Fusion
Venture Round in 2015
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.
ElectroKinetic Solutions
Grant in 2014
ElectroKinetic Solutions is a technology company that specializes in dewatering and decontamination processes through innovative electrokinetic applications. Its technology is designed to address challenges in various industrial environments, particularly those involving difficult-to-dewater slurries, sludge, and unstable clay soils. The company's solutions are particularly beneficial for oil sand producers, as they facilitate the effective management of tailings generated from oil sands and other mining operations. By leveraging electrokinetics, ElectroKinetic Solutions aims to improve the efficiency and effectiveness of dewatering processes, thereby enhancing operational outcomes in industries facing complex environmental challenges.
Borealis GeoPower
Grant in 2013
Borealis GeoPower Inc. is a Canadian company, established in 2007 and headquartered in Calgary, that specializes in project consulting services for high temperature geothermal energy projects. The firm focuses on aiding the development of geothermal resources, contributing to the advancement of renewable energy solutions in Canada. Through its expertise, Borealis GeoPower aims to facilitate the efficient harnessing of geothermal energy, promoting sustainable energy practices and supporting the transition to cleaner energy sources.
Nexterra
Venture Round in 2009
Nexterra is a manufacturer of advanced gasification systems designed for thermal and cogeneration applications. The company specializes in enabling industrial and institutional facilities to self-generate clean and cost-effective heat and power using waste fuels, particularly renewable biomass such as wood waste. Nexterra's systems are characterized by their lower operational costs, design simplicity, reliability, and versatility, along with automated control systems that ensure ultra-low emissions compared to traditional combustion methods. In an environment of rising energy prices, Nexterra's technology provides customers with the opportunity to improve operating margins while reducing their reliance on fossil fuels and grid electricity, ultimately contributing to a significant reduction in carbon footprints.
General Fusion
Grant in 2009
General Fusion Inc., established in 2002 and headquartered in Burnaby, Canada, specializes in developing commercial Magnetized Target Fusion (MTF), a hybrid fusion method combining magnetic confinement and inertial confinement principles. The company focuses on creating utility-scale fusion power using its patent-pending MTF concept, which has the potential to provide clean, safe, and economical energy. General Fusion develops key subsystems such as plasma injectors, acoustic drivers, and liquid metal vortex compression tests to advance its MTF technology. Backed by a global syndicate of investors, industry leaders, and technology pioneers, General Fusion aims to demonstrate and commercialize its innovative fusion power plants by the end of the decade.