Green energy has been an intrinsic part of the human population since evolution. Even now when there is a privation of the natural acquisitions and depletion of the ecosystem.
Here is the list of Top 10 Green energy start-ups in Canada is moving forward to develop a 175 GW in renewable energy generation by 2022.
1- Enerkem
Founders: Esteben Chornet and Vincent Chornet
Founding Year: 2000
Headquarters: Montreal Quebec, Canada
Funding received: USD 655 million
Investors: Sunken, Suncore Energy, National Bank of Canada, Cycle Capital and RHO Ventures
About the company: Enerkem is a cleantech company which transforms wastes into renewable chemicals, transportation biofuels and everyday products. The company is a privately held organization which operates under the environment and renewables department. They have a work strength of around 201-500 employees and their primary specialties are renewable chemicals and biofuels.
2- General Fusion
Founders: Michel Laberge
Founding Year: 2002
Headquarters: Burnaby, British Columbia, Canada
Funding received: USD 192.1 million
Investors: GIC, IBX, Thistledown Capital and Business Development of Canada.
About the company: General Fusion is a privately held organization functioning under the environment sector acquiring a work strength of around 51-200 employees. They deal with various specialties like plasma physics, engineering and fusion energy. General fusion is basically an association which deals in developing fusion energy in a clean, emission free and a cost-efficient manner to power generation. They are backed by a global syndicate of leading energy venture capital.
3-Ecobee
Founders: John Metselaar, Mark Malchiondo and Stuart Lombard
Founding Year: 2007
Headquarters: Toronto, Ontario, Canada
Funding received: USD 149.4 million
Investors: Amazon Alexa Fund, Business Development Bank of Canada and AGL Energy
About the company: Ecobee is an Ontario based start-up which is privately held and functions under the consumer electronics sector, having a work strength of around 301-500 employees. They deal with various specialties like home energy management, smart thermostats and Wi-Fi thermostats. They are basically a provider of Wi-Fi provided smart thermostat which comes with amazon’s Alexa voice assistant for better and easy to use functioning.
4-Eavor
Founders: John Redfern and Paul Cairns
Founding Year: 2017
Headquarters: Calgary, Alberta, Canada
Funding received: USD 83.1 million
Investors: Natural Resource Canada, Creative Destruction Lab and Vickers Ventures Partners
About the company: Eavor is an Alberta based organization which has invented a new geothermal power generation technology which overcomes all the traditional barriers of geothermal. They have a work strength of around 11-50 employees and deal with various specialties like cleantech, baseload and geothermal. They utilize the most advanced and prominent drilling techniques and integrate them with the latest heat to power generation technology.
5- Morgan Solar
Founders: John Morgan and Nicolas Morgan
Founding Year: 2007
Headquarters: Toronto, Ontario, Canada
Funding received: USD 53.1 million
Investors: Iberdola, Enerbridge, Pyfera Growth Capital and Sustainable Technology Canada
About the company: Morgan solar is a Toronto based solar technology organization which deals in the light management solutions and are aiming to make sunlight the most widely used and efficient energy source globally. They have a working strength of around 11-50 employees and deal with various specialties like mass manufacturing, tracking systems, data acquisition and data analytics. They also provide a variety of light management products and services including sunlight modelling.
6-Anaergia
Founders: Andrew Benedek
Founding Year: 2010
Headquarters: Toronto, Ontario Canada
Funding received: USD 53 million
Investors: Export Development Canada, Macquarie Capital and Global H20 Investments
About the company: Anaergia is one of the prominent global technology leaders in recovering the value from waste from the agricultural, industrial and municipal sectors. Their technologies have been utilized in nearly two thousand recovery facilities worldwide which reduces greenhouse emissions while developing new revenue sources for their customers. They deal with various specialties like renewable energy, distributed power and power purchase agreements.
7- Nexterra
Founders: Jonathan Rhone
Founding Year: 2003
Headquarters: Vancouver, British Columbia, Canada
Funding received: USD 40.8 million
Investors: Business Development Bank of Canada, ARC Financial, Tandem Expansion and BDC Venture Capital
About the company: Nexterra deals with the development and supply of advanced biomass gas modification systems. It is a privately held organization which operates under the environment and renewables department and has a work strength of around 101-200 employees. Their basic idea is to generate low-cost heat, clean and power at institutional and industrial facilities using waste fuels.
8-Hydrostor
Founders: Cameron Lewis and Curtis VanWalleghem
Founding Year: 2010
Headquarters: Toronto, Ontario, Canada
Funding received: USD 37 million
Investors: Elemental Energy, ArcTern Capital, Lorem Partners and Amplify Ventures.
About the company: Hydrostor is an advanced compressed air energy storage technology developed to enable the transition to cleaner and more accountable electricity grid. They deal with various specialties like bulk energy storage, flexible generation, bulk load-based generation and much more. Hydrostor provides a complete solution to financing and warranty to deliver solutions all over the world.
9-Solantro Semiconductor
Founders: Antoine Paquin
Founding Year: 2009
Headquarters: Ottawa, Ontario, Canada
Funding received: USD 33.8 million
Investors: Inerjys, Presidio Ventures, Black Coral Capital and Export Development Canada
About the company: Solantro is a privately held organization which functions under the semiconductors sector having a work strength of around 11-50 employees. Solantro’s platforms and chipsets have turned solar panels into integrated power generators which enables management and storage for renewable energy. The chipsets are developed and built specifically to drive complex power architectures from distributed energy sources.
10-Transpod
Founders: Ryan Jansen and Sebastian Gendron
Founding Year: October, 2015
Headquarters: Toronto, Ontario, Canada
Funding received: USD 17.2 million
Investors: Angelo Investments and European Regional Development Fund
About the company: Transpod is a privately held organization which operates under the transportation and railroad sector. They have a work strength of around 11-50 employees and deal with various specialties like innovation, aerospace and hyper loop. Their technology has the potential to be one of the most disruptive and ingenious technologies of the 21st century. They have been able to acquire top engineering talent and a prominent advisory board to improvise their system and efficiency.
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