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.
Oneka Technologies
Grant in 2023
Founded in 2015, Oneka Technologies develops wave-powered desalination systems that convert ocean water into drinkable water. Its modular units aim to provide sustainable and affordable drinking water solutions for water-scarce regions worldwide, reducing costs by up to 75% compared to traditional methods.
Carbonova develops carbon nanofibers and a technology platform to enhance performance with sustainable and economical carbon materials. Its proprietary chemical process converts carbon dioxide and waste heat from power plants into high-strength carbon fiber, enabling industries to transform greenhouse gas feedstocks into valuable solid commodities.
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.
Synergraze produces a seaweed-based livestock feed additive designed to reduce methane emissions from ruminant animals such as cattle, bison, sheep, and goats. This natural product aims to lower the environmental impact of agriculture while enhancing sustainability in meat and dairy production.
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.
Cyclic Materials
Grant in 2023
Cyclic Materials provides recycling services that recover rare earth elements to reduce the need for new mining and accelerate the transition to electric mobility and clean energy. The company focuses on reclaiming rare earth magnets from automotive and renewable energy sectors, enabling customers to supply wind turbines, electric vehicles, and electronics while cutting emissions and strengthening local supply. Through its platform, it pursues a circular supply chain by recovering critical metals from discarded and landfill-bound products, helping industries lower environmental impact and increasing the resilience of the material supply.
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.
Green Graphite Technologies
Grant in 2022
Green Graphite Technologies develops a cleaner process to purify graphite for electric vehicles and commercializes environmentally beneficial methods to convert natural flake graphite into high-purity graphite for lithium-ion batteries. The company offers patented, modular, low-emission graphite processing technology for natural and recycled graphite, enabling electric vehicle manufacturers and battery producers to access battery-grade graphite with reduced environmental impact.
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.
SolarSteam
Seed Round in 2022
SolarSteam is a hardtech startup developing renewable solar thermal technology to reduce rising costs and emissions in industrial heat generation. The company develops a modular solar thermal system that delivers scalable, cost-effective heat from renewable energy. Its proprietary, patented technology aims to outperform fossil fuels on cost without subsidies, helping industrial manufacturers and processors cut emissions and lower energy expenses.
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.
Nfinite Nanotech
Seed Round in 2021
Nfinite Nanotech specializes in advanced material science, utilizing open-air atomic layer deposition (ALD) technology to create functional nanomaterials. The company accelerates innovation in sustainable packaging, batteries, and photovoltaics by producing large-area, high-quality, ultrathin films at a significantly faster pace than conventional methods.
Open Ocean Robotics
Grant in 2021
Open Ocean Robotics is a company that specializes in collecting ocean data using solar-powered autonomous boats. Founded in 2018 and based in Victoria, British Columbia, the company operates unmanned surface vehicles (USVs) equipped with sensors, cameras, and communication devices. These boats can gather real-time information from various locations across the ocean, providing valuable insights for environmental protection and sustainability. Their data collection capabilities are instrumental in monitoring ocean traffic, detecting illegal fishing activities, studying marine mammals, and understanding the effects of climate change. By offering a safe, efficient, and cost-effective alternative to traditional crewed vessels, Open Ocean Robotics contributes to the preservation of marine ecosystems and the promotion of responsible ocean management.
Red Leaf Pulp
Grant in 2021
Red Leaf's process is an environmentally conscious pulping method that will revolutionize the paper industry. Pulp generated from non-wood fibres has physical characteristics that are comparable to hardwood and superior to recycled fibre.
GHGSat specializes in global emissions monitoring services using proprietary remote-sensing technology. It measures greenhouse gas, air quality gas, and other trace gas emissions from industrial facilities worldwide, providing actionable insights for businesses to make strategic decisions towards sustainability.
RainStick is a company that has developed a WiFi-enabled shower system designed to significantly reduce water and energy consumption while maintaining a luxurious shower experience. Their innovative product recirculates and filters water, allowing users to save up to 80% in both water and energy usage. Additionally, the shower system includes features that track real-time water and energy savings, providing users with insights into their consumption patterns. By focusing on sustainability and advanced shower technology, RainStick aims to transform traditional showering practices into an eco-friendly experience.
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.
Oneka Technologies
Grant in 2021
Founded in 2015, Oneka Technologies develops wave-powered desalination systems that convert ocean water into drinkable water. Its modular units aim to provide sustainable and affordable drinking water solutions for water-scarce regions worldwide, reducing costs by up to 75% compared to traditional methods.
Hydrogen Optimized
Grant in 2021
Hydrogen Optimized develops innovative Green Hydrogen production systems. Their flagship product, RuggedCell™, is a high-current water electrolysis system designed for large-scale, low-cost hydrogen production, targeting high-growth markets and industrial applications.
Axine Water Technologies
Grant in 2021
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, the firm focuses on developing chemical-free systems designed to address high concentrations of complex and toxic organic pollutants, including phenols, pharmaceuticals, and ammonia, in industrial wastewater. Utilizing proprietary electrolytic oxidation technology, Axine's systems effectively treat various pollutants in a single step without the need for chemicals or the production of sludge. The company's solutions cater to a diverse range of industries, including oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management, helping clients reduce costs and enhance the performance of their wastewater management processes.
Evercloak
Seed Round in 2020
Evercloak is a Waterloo, Canada-based materials company that develops ultra-thin graphene and other 2D nanomaterial films for cleantech applications. It employs a low-cost manufacturing platform to produce continuous coatings and ultra-thin membranes, enabling energy-efficient technologies across oil and gas, nuclear, energy, mining and agriculture sectors. The company aims to reduce energy use and greenhouse gas emissions by cooling buildings without warming the planet, delivering solutions that improve indoor comfort and support sustainable building operations.
Summit Nanotech Corporation
Seed Round in 2020
Summit Nanotech Corporation is a Calgary-based cleantech company developing direct lithium extraction technology for lithium producers, with modular systems designed for scalable deployment and a focus on sustainable, water-efficient operations. Founded in 2018, it collaborates with mining companies and lithium asset owners in Chile and Argentina to reduce environmental impact and lower costs compared with traditional methods.
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.
SeeO2 Energy
Seed Round in 2020
SeeO2 Energy develops reversible solid oxide fuel cells and electrolyzers that convert CO2 and water into hydrogen, carbon monoxide, and syngas, enabling the production of clean fuels and chemicals. The company’s high‑performance catalysts and solid oxide technology allow efficient on‑site generation of gases, turning greenhouse‑gas emissions into valuable products and helping industries reduce their carbon footprint.
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.
Nouveau Monde Graphite
Grant in 2020
Nouveau Monde Graphite Inc. is a mineral exploration company focused on the acquisition, exploration, evaluation, and development of graphite properties in Quebec, Canada. Founded in 2011 and headquartered in Saint-Michel-des-Saints, the company owns the Matawinie property, which consists of 319 mining claims covering 17,585 hectares located north of Montreal. Nouveau Monde Graphite is dedicated to developing a natural graphite-based anode material aimed at supplying the lithium-ion battery industry, thereby targeting the growing North American market for battery-grade materials. The company emphasizes environmentally responsible practices in its operations, aligning with the increasing demand for sustainable and low-impact sources of natural graphite for battery manufacturers. Its projects include the Matawinie Mine and the Battery Material Plant, positioning Nouveau Monde Graphite as a key player in the green energy transition.
TROES is a Canadian company focused on developing advanced smart power energy storage technologies and solutions aimed at the middle-market sector, including project developers, power distributors, and consumers. The company addresses the challenges of traditional energy grids by providing modularized energy storage systems that enhance energy reliability and efficiency. TROES' innovative products empower commercial and industrial clients to lower energy costs, reduce carbon footprints, and improve the quality of electricity management. By leveraging its patented hardware and software, TROES enables users to access backup power and transportable energy, unlocking previously inaccessible project opportunities due to high costs and lack of expertise.
Power HV
Seed Round in 2020
Power HV is creating ground-breaking technology, decreasing greenhouse gas emissions and saving money along the way.
Seaformatics Systems
Seed Round in 2020
Seaformatics Systems designs and manufactures power harvesting and wireless communication products for the ocean monitoring industry.
G2V Optics
Seed Round in 2020
Founded in 2015, G2V Optics specializes in manufacturing LED solar simulators and commercial lighting automation products for scientific research, vertical farming, and industrial applications. Its product offerings include horticulture lighting systems designed to improve yield, quality, and operating costs.
e-Zinc develops innovative electrochemical technology for energy storage using zinc metal. This low-cost, flexible solution enables long-duration energy storage, facilitating a transition to renewable energy and a zero-carbon future.
Borealis Wind
Grant in 2020
Borealis Wind is a Canadian company based in Kitchener, Ontario, founded in 2016. It specializes in developing an innovative internal blade heating retrofit for wind turbines, aimed at enhancing their performance in cold climates. This patented device effectively prevents and removes ice buildup on turbine blades, which can lead to significant losses in power generation and revenue for wind farms during winter months. By providing a low-maintenance and easily installable de-icing solution, Borealis Wind is contributing to increased efficiency and reliability in the wind energy sector, addressing critical challenges faced by renewable energy sources in harsh weather conditions.
Anaergia Inc. is a Canadian company specializing in the generation of renewable energy through advanced anaerobic digestion of organic waste from municipal, agricultural, and industrial sources. It manufactures sustainable solutions that convert waste into renewable energy, fertilizers, and recycled water. The company provides a range of services, including municipal wastewater solutions, waste diversion strategies, and agri-food applications focused on nutrient management and water reuse. Anaergia operates through multiple segments, including Capital Sales, Services, and Build, Own, and Operate Projects, with the Capital Sales division being the primary revenue generator through the sale of proprietary technologies and services to municipalities, private entities, and project developers. The company serves a global market, with a presence in North America, Europe, and Asia, and its solutions are utilized in resource recovery facilities around the world.
H2nanO develops sustainable water treatment technologies for the resources sector. Founded in 2015, it specializes in low-energy solutions such as floating light-activated catalysts and solar-powered evaporation enhancement.
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.
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.
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.
BluWave-ai
Seed Round in 2019
BluWave-ai is a company focused on transforming the energy sector by promoting the use of distributed and renewable energy resources, electric transportation, and smart loads. Utilizing a software-as-a-service (SaaS) model, BluWave-ai leverages artificial intelligence to enhance the operation of smart grids and microgrids. Their platform enables real-time optimization of power generation and operation, allowing clients to predict electricity demand accurately and adapt to fluctuations in consumption and generation. This approach has led to significant savings in capital and operational costs for communities, corporations, and utilities, while also reducing their carbon footprints. BluWave-ai is committed to fostering universal access to affordable and sustainable energy and transportation systems, serving a diverse clientele that includes distribution utilities, enterprises, mining operations, campuses, and remote or off-grid communities worldwide.
Nouveau Monde Graphite
Grant in 2019
Nouveau Monde Graphite Inc. is a mineral exploration company focused on the acquisition, exploration, evaluation, and development of graphite properties in Quebec, Canada. Founded in 2011 and headquartered in Saint-Michel-des-Saints, the company owns the Matawinie property, which consists of 319 mining claims covering 17,585 hectares located north of Montreal. Nouveau Monde Graphite is dedicated to developing a natural graphite-based anode material aimed at supplying the lithium-ion battery industry, thereby targeting the growing North American market for battery-grade materials. The company emphasizes environmentally responsible practices in its operations, aligning with the increasing demand for sustainable and low-impact sources of natural graphite for battery manufacturers. Its projects include the Matawinie Mine and the Battery Material Plant, positioning Nouveau Monde Graphite as a key player in the green energy transition.
GHGSat specializes in global emissions monitoring services using proprietary remote-sensing technology. It measures greenhouse gas, air quality gas, and other trace gas emissions from industrial facilities worldwide, providing actionable insights for businesses to make strategic decisions towards sustainability.
Open Ocean Robotics
Grant in 2019
Open Ocean Robotics is a company that specializes in collecting ocean data using solar-powered autonomous boats. Founded in 2018 and based in Victoria, British Columbia, the company operates unmanned surface vehicles (USVs) equipped with sensors, cameras, and communication devices. These boats can gather real-time information from various locations across the ocean, providing valuable insights for environmental protection and sustainability. Their data collection capabilities are instrumental in monitoring ocean traffic, detecting illegal fishing activities, studying marine mammals, and understanding the effects of climate change. By offering a safe, efficient, and cost-effective alternative to traditional crewed vessels, Open Ocean Robotics contributes to the preservation of marine ecosystems and the promotion of responsible ocean management.
Genecis
Seed Round in 2019
Genecis is an early-stage organic waste processing startup that uses biotechnology to convert waste into biodegradable plastics and other high-value materials. It converts organic waste into PHA (Polyhydroxyalkanoate), a biodegradable, compostable, and non-toxic polymer that can be tuned to replace a wide variety of traditional plastics. PHA can be used for single-use plastics, clothing and textiles, automotive interiors, medical tools and products, and food contact applications.
Mangrove Water Technologies
Grant in 2019
Mangrove Water Technologies Ltd. is a Vancouver-based company established in 2017, specializing in wastewater desalination systems. The company has developed a modular and mobile technology that effectively treats and purifies contaminated well water, converting saline wastewater and waste gases into desalinated water and value-added chemicals for on-site use. This innovative technology has progressed from a laboratory concept to a commercial-scale demonstration over four years, reflecting significant advancements in its capabilities. The technology originated from research conducted at the University of British Columbia's Chemical Engineering Department, with support from various funding sources aimed at reducing emissions and promoting economic development.
Intelline Inc. is a Canadian company based in Kitchener, specializing in the manufacturing of innovative diesel generators. Founded in 2017, Intelline focuses on enhancing power production efficiency, claiming that its generators achieve 40 percent better fuel efficiency than traditional models. The company offers a range of products, including the Modular Linear Generator, which converts combustion energy directly into electricity, and the Reconfigurable Linear Electric Motor, designed for manufacturing linear motors. Intelline's Cryocooler System serves various commercial applications. By facilitating the transition to sustainable fuels such as natural gas, biofuels, synthetic fuels, and hydrogen, Intelline aims to provide customers with diverse fuel options while mitigating the impact of fuel price fluctuations. This commitment to innovation positions Intelline as a key player in the drive toward more efficient and environmentally friendly power generation solutions.
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.
Clir Renewables
Grant in 2018
Clir Renewables Inc. is a company that specializes in cloud-based renewable energy asset management and reporting software. Founded in 2016 and headquartered in Vancouver, Canada, with an additional office in Glasgow, United Kingdom, Clir's software-as-a-service platform is designed to assist asset managers and owners in optimizing the performance and profitability of renewable energy plants. By integrating deep domain expertise with artificial intelligence, Clir’s platform enhances annual energy production, monitors asset health, and effectively manages financial and technical risks associated with renewable energy assets.
Li-Cycle is a clean technology company specializing in the resource recovery of end-of-life lithium-ion batteries. The company employs its proprietary Spoke and Hub recycling process, which enables the efficient processing of battery manufacturing scrap and spent batteries. At its Spokes, Li-Cycle produces black mass and other intermediate products, while its Hubs focus on recovering valuable raw materials such as lithium carbonate, cobalt sulphate, and nickel sulphate. Committed to sustainable practices, Li-Cycle’s technology allows for the recovery of 80 to 100% of materials found in lithium-ion batteries, addressing the growing demand for critical battery resources in an environmentally responsible manner.
Consolidated Biofuels
Grant in 2018
Consolidated Biofuels is a biodiesel manufacturing company based in Delta, British Columbia, Canada. It specializes in producing biodiesel from second-generation feedstock, utilizing materials such as used restaurant grease and beef tallow sourced from renderings. The company operates a facility equipped with an in-house laboratory, ensuring that its biodiesel products meet or exceed industry specifications. Through its sustainable practices, Consolidated Biofuels contributes to the growing demand for renewable energy sources.
Carbicrete offers innovative technology for producing cement-free, carbon-negative concrete. It licenses this technology to precast concrete manufacturers, enabling them to create sustainable building solutions that reduce greenhouse gas emissions.
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.
Ionomr Innovations
Grant in 2018
Ionomr Innovations designs and manufactures advanced ion-exchange membranes and polymers for clean tech applications. Founded in 2013, the company pioneers environmentally friendly materials to replace toxic fluorinated chemicals in electrochemical systems, enabling more efficient and sustainable solutions for water treatment, energy storage, hydrogen production, and chemical remediation.
KMX Technologies
Grant in 2018
KMX Technologies specializes in membrane distillation technology aimed at enhancing the separation and recovery of valuable chemicals and water treatment processes. The company offers innovative solutions that integrate with conventional methods like reverse osmosis and distillation to achieve more efficient separations. Its primary applications span various industries, including mining, desalination, oil and gas, environmental remediation, and industrial waste management. By providing next-generation systems that focus on low-cost solutions for brine concentration and organic solvent recovery, KMX Technologies addresses critical mineral extraction and water treatment challenges effectively.
Springpower is a manufacturing company that supplies clean cathode materials to battery manufacturers. It develops and commercializes graphene and silicon nanomaterials for lithium-ion batteries, with technologies designed to use less water and energy and to avoid wastewater, enabling cost-effective mass production of battery materials.
Dundee Sustainable Technologies
Grant in 2018
Dundee Sustainable Technologies Inc. specializes in the development and commercialization of innovative hydrometallurgical processes aimed at addressing challenges in the mining industry, both in Canada and internationally. The company focuses on its proprietary CLEVR process, which efficiently extracts precious metals while simultaneously removing and stabilizing harmful contaminants like arsenic, antimony, and cadmium. Additionally, Dundee's GlassLock process further stabilizes arsenic and produces an insoluble glass residue that complies with environmental regulations. The company is adept at processing complex and refractory materials, allowing for the extraction of base and precious metals from ores, concentrates, and tailings that conventional methods cannot exploit due to metallurgical or environmental constraints. Founded in 1997 and headquartered in Montreal, Canada, Dundee Sustainable Technologies was previously known as Nichromet Extraction Inc. and rebranded in January 2014.
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.
Morgan Solar
Grant in 2017
Founded in 2007, Morgan Solar specializes in developing highly efficient, low-cost solar technology. Its flagship product, the Sun Simba HCPV, is designed for solar farm applications, while its Sun Stream Window and Sun Block Panel products cater to building applications.
waterStrider Treatment
Grant in 2017
waterStrider treatment removes oil, sulphide, bacteria, metals, and suspended solids from frac water, making it reusable for a fraction of the price of current fresh water use at fracking sites. In doing so, the environmental impact and costs associated with fracking are dramatically reduced.
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.
E2metrix Inc. is a Canadian technology company focused on the design, development, manufacture, and commercialization of innovative wastewater and recirculated water treatment systems. Founded in 2010 and based in Sherbrooke, Québec, the company utilizes its proprietary electrolysis technology platform, ECOTHOR, to tackle wastewater challenges across various industries, including municipal water treatment, food processing, dairy processing, mining, and more. E2metrix specializes in providing solutions for phosphorus removal, ammonia reduction, and the recovery of resources, enabling clients to effectively manage and treat a broad range of contaminants in their wastewater.
Sustane is a cleantech company focused on the transformation of municipal solid waste into valuable resources. Utilizing innovative waste-transformation technology, Sustane converts solid waste streams into high-value fuels and recyclable materials. This process helps clients reduce their reliance on landfills while also addressing environmental concerns. By minimizing the costs associated with waste management, Sustane provides a sustainable solution for municipalities seeking to improve waste handling and promote environmental stewardship.
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.
Airex Energy
Venture Round in 2017
Airex Energy is a technology company developing torrefaction processes to convert biomass waste into carbonized products such as bio-coal and biochar. Its CarbonFX cyclonic bed reactor enables large-scale production from a range of feedstocks, including woody biomass and agricultural waste, to help reduce carbon emissions and support progress toward net-zero. The company was founded in 2008 and is based in Laval, Canada.
Axine Water Technologies
Grant in 2016
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, the firm focuses on developing chemical-free systems designed to address high concentrations of complex and toxic organic pollutants, including phenols, pharmaceuticals, and ammonia, in industrial wastewater. Utilizing proprietary electrolytic oxidation technology, Axine's systems effectively treat various pollutants in a single step without the need for chemicals or the production of sludge. The company's solutions cater to a diverse range of industries, including oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management, helping clients reduce costs and enhance the performance of their wastewater management processes.
e-Zinc develops innovative electrochemical technology for energy storage using zinc metal. This low-cost, flexible solution enables long-duration energy storage, facilitating a transition to renewable energy and a zero-carbon future.
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.
ARDA Power Inc. is a Canadian company specializing in the design and development of microgrid systems tailored for non-residential buildings. Founded in 2009 and based in Oakville, the company focuses on creating DC microgrid platforms that integrate battery storage and solar energy solutions. Its offerings include a comprehensive microgrid solution comprised of a control system, modular battery converter, and validated third-party components. ARDA Power's systems are designed to seamlessly integrate with existing building electrical infrastructure, accommodating various energy sources such as photovoltaic plants, gas generators, and multi-hour flow batteries. Utilizing direct current converter and microgrid control technologies, ARDA Power enables flexibility in modifying system components and adjusting energy sources and loads without significant redesign, fostering resilience and versatility in cleantech applications.
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.
Loop Energy Inc. specializes in the design, development, and marketing of electric and hydrogen fuel cell solutions, primarily targeting heavy-duty transportation applications. Founded in 2000 and based in Burnaby, Canada, the company aims to provide pollution-free transportation solutions that significantly reduce harmful gas emissions. Loop Energy's innovative fuel cell technology systems are designed for various applications, including backup power and portable solutions, offering a competitive cost of ownership compared to traditional heavy-duty diesel engines while eliminating the associated pollution burden. The company, previously known as PowerDisc Development Corp, rebranded as Loop Energy in February 2016.
Svante Inc., founded in 2007 and based in Burnaby, Canada, specializes in carbon capture solutions. It offers VeloxoTherm, a post-combustion CO2 capture process using adsorbent structures, designed to reduce capital and operating costs for fossil fuel power plants.
CHAR Technologies
Grant in 2015
CHAR Technologies is a Canada-based cleantech development and environmental services company that specializes in high-temperature pyrolysis converting woody biomass and organic materials into renewable energy, including renewable natural gas and green hydrogen, and into valuable biocarbon such as biocoal CleanFyre, biochar, or activated biochar (SulfaCHAR). It also provides environmental services, including environmental compliance, management, engineering, resource efficiency, and site investigations and remediation, as well as custom equipment for industrial water treatment. The company operates through subsidiaries including Char Biocarbon, Altech Environmental Consulting, Char Technologies Thorold, and Char Technologies USA. Its technology enables gas cleaning and remediation applications, with SulfaCHAR used to remove hydrogen sulfide from gas streams and potentially repurposed as a sulfur-enriched soil amendment.
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.
Carbon Engineering
Grant in 2015
Carbon Engineering Ltd. is a clean energy company based in Squamish, Canada, that specializes in the development and commercialization of Direct Air Capture technology. Founded in 2009, the company focuses on capturing carbon dioxide (CO2) directly from the atmosphere, which allows for the management of emissions from a variety of distributed and mobile sources, including vehicles and buildings. Its innovative chemical-based CO2 air capture system integrates processes such as an air contactor and a regeneration cycle, enabling continuous capture and production of pure CO2. Carbon Engineering aims to convert captured CO2 into clean, affordable transportation fuels, addressing the global climate challenge by facilitating the deployment of its technology to help businesses reduce their carbon footprint and achieve net-zero targets.
Steeper Energy
Grant in 2015
Steeper Energy specializes in developing advanced biofuels from low-value biomass like agricultural and forestry residues. Its proprietary Hydrofaction™ process produces renewable fuels that can be used in existing infrastructure, enabling the heavy transport sector to transition to low-carbon fuels.
Orbite Technologies
Grant in 2015
Orbite Technologies is a Canadian mineral-processing and resource development company focused on clean technology. The company employs innovative and proprietary processes to produce alumina, silica, hematite, magnesium oxide, titanium oxide, and rare earth and rare metal oxides, aiming to do so at competitive costs while adhering to sustainable practices. Orbite utilizes diverse feedstocks, including aluminous clay, kaolin, bauxite, and other industrial residues, to address inefficiencies and environmental challenges in the minerals processing sector. Currently, the company is finalizing its first commercial high-purity alumina production plant in Cap-Chat, Québec, and has developed plans for a smelter-grade alumina production facility using clay from its Grande-Vallée deposit. With a robust portfolio of 16 intellectual property families, including multiple patents across various regions, Orbite operates a state-of-the-art technology development center in Laval, Québec, where it continues to refine and validate its technologies.
BioAmber is a private company based in Delaware that specializes in the production of renewable succinic acid and related chemical intermediates. Formerly known as DNP Green Technology, the company rebranded following its acquisition of a joint venture with ARD. Utilizing a proprietary technology platform that integrates industrial biotechnology and chemical catalysis, BioAmber converts bio-based feedstocks into a variety of renewable chemicals. Its product offerings include materials for polyurethanes, resins, coatings, de-icing solutions, fine chemicals, lubricants, and engineering plastics, among others. The company aims to provide sustainable industrial chemical solutions to its clients, contributing to a more eco-friendly chemical industry.
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.
Hydrostor
Seed Round in 2012
Hydrostor develops compressed air energy storage solutions for electricity systems. Its emission-free technology addresses needs for dispatchable capacity, renewable integration, transmission deferral, and behind-the-meter applications. The company serves customers in North America and Australia, with a strategic partnership with AECOM.
CarbonCure Technologies Inc. is a Canadian company that specializes in technology designed to sequester carbon dioxide (CO2) in concrete production. Founded in 2007 and headquartered in Dartmouth, Nova Scotia, the company provides a retrofit solution for existing concrete plants, allowing producers to incorporate waste CO2 from industrial emitters into their concrete products. During manufacturing, this CO2 is chemically converted into solid mineral carbonates, enhancing the strength of the concrete while reducing its carbon footprint. CarbonCure's innovative approach enables concrete manufacturers to produce green concrete without compromising quality or cost, thereby facilitating a shift towards sustainable building practices. The company also offers marketing and environmental reporting services to support its customers in the growing green building market. By licensing its technology at a low capital expenditure, CarbonCure generates a recurring revenue stream while contributing to the reduction of greenhouse gas emissions in the concrete industry.
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.
Performance Plants
Venture Round in 2009
Performance Plants Inc. is an agricultural biotechnology company based in Kingston, Canada, specializing in gene discovery and trait development to enhance crop yields globally. Founded in 1995, the company focuses on the commercialization of technologies that protect and improve the productivity of major crops, including corn, soybeans, and canola. Its diverse offerings include Yield Protection Technology, Heat & Drought Tolerance Technology, and Water Efficiency Technology, all designed to help farmers increase yields while reducing the need for irrigation and chemical inputs. Performance Plants employs a unique approach by regulating the plant's own genes rather than introducing foreign genes, ensuring sustainable agricultural practices. The company has established significant licensing agreements with major multinational seed firms and is expanding its presence in key markets such as China and India. Additionally, Performance Plants develops biomass crops for cellulose-based biofuels, further contributing to sustainable agriculture and energy solutions. The company operates research facilities in Kingston and Waterloo, New York, reinforcing its commitment to innovation in agricultural biotechnology.
Hydrogenics Corporation is a Canadian company specializing in the design, development, and manufacturing of hydrogen generation and fuel cell products. The company operates through two main segments: OnSite Generation and Power Systems. The OnSite Generation segment focuses on hydrogen generation products, utilizing water electrolysis technology to produce high-purity hydrogen for industrial applications and renewable energy solutions. It offers products like HySTAT and HyLYZER for various indoor and outdoor uses. The Power Systems segment provides fuel cell products under the HyPM brand, catering to original equipment manufacturers and systems integrators for applications such as backup power and motive power, including zero-emission transportation solutions. Hydrogenics maintains a global presence with operations in Canada, Belgium, and Germany, and has established partnerships to advance its technology. The company was founded in 1995 and is headquartered in Mississauga, Canada.