# Top 31 Energy Startups in Calgary by Funding (2026)

> The 31 best-funded energy startups in Calgary, ranked by total funding raised: $1.9B combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/energy-startups-calgary (Millionrounds; every figure on the page links to its filing or article)

- 1 [**CSV Midstream Solutions** Development of natural gas and liquids infrastructure](https://millionrounds.com/company/csv-midstream-solutions) Development of natural gas and liquids infrastructure *Founded* 2014 Calgary, Canada **$500M** last round May 2014
- 2 [**Hammerhead Resources** Hammerhead Resources is a growth-oriented private company with its corporate headquarters in Calgary, Alberta.](https://millionrounds.com/company/hammerhead-resources) Hammerhead Resources is a growth-oriented private company with its corporate headquarters in Calgary, Alberta. *Founded* 2010 Calgary, Canada **$328M** last round Oct 2023
- 3 [**Pipestone Energy** Pipestone Energy Corp is an oil & gas exploration & production company that aims the exploration of condensate-rich Montney assets.](https://millionrounds.com/company/pipestone-energy) Pipestone Energy Corp is an oil & gas exploration & production company that aims the exploration of condensate-rich Montney assets. *Founded* 2019 Calgary, Canada **$280M** last round Oct 2021
- 4 [**Lucero Energy** Lucero Energy is an oil company that focuses on the acquisition, development, and production of oil-weighted assets.](https://millionrounds.com/company/lucero-energy) Lucero Energy is an oil company that focuses on the acquisition, development, and production of oil-weighted assets. *Founded* 1994 Calgary, Canada **$180M** last round Jun 2022
- 5 [**Black Swan Energy** Black Swan Energy is an oil and gas exploration and production company operating in the Western Canadian Sedimentary Basin.](https://millionrounds.com/company/black-swan-energy) Black Swan Energy is an oil and gas exploration and production company operating in the Western Canadian Sedimentary Basin. *Founded* 2011 Calgary, Canada **$150M** last round Dec 2013
- 6 [**Kanin Energy** Kanin Energy is a clean technology developer founded in 2020, focused on industrial decarbonization.](https://millionrounds.com/company/kanin-energy) Kanin Energy is a clean technology developer founded in 2020, focused on industrial decarbonization. *Founded* 2020 Calgary, Canada **$100M** last round Sept 2026
- 7 [**Kineticor** Kineticor is an energy infrastructure company based in Calgary, Alberta, specializing in the development, ownership, and operation of power generation facilitie](https://millionrounds.com/company/kineticor) Kineticor is an energy infrastructure company based in Calgary, Alberta, specializing in the development, ownership, and operation of power generation facilitie *Founded* 2013 Calgary, Canada **$80M** last round Aug 2015
- 8 [**Cardinal Energy** Cardinal Energy is an oil production company that offers low decline light, medium, and heavy quality oil in Western Canada.](https://millionrounds.com/company/cardinal-energy) Cardinal Energy is an oil production company that offers low decline light, medium, and heavy quality oil in Western Canada. *Founded* 2010 Calgary, Canada **$77M** last round Jan 2026
- 9 [**GeologicAI** GeologicAI is a leader in geoscience data acquisition and resource modeling, founded in 2013 in Calgary, Alberta.](https://millionrounds.com/company/geologicai) GeologicAI is a leader in geoscience data acquisition and resource modeling, founded in 2013 in Calgary, Alberta. *Founded* 2013 Calgary, Canada **$44M** last round Jul 2025
- 10 [**Pieridae Energy** Pieridae Energy produces natural gas solutions.](https://millionrounds.com/company/pieridae-energy) Pieridae Energy produces natural gas solutions. *Founded* 2011 Calgary, Canada **$22M** last round Aug 2024
- 11 [**Touchstone Exploration** Touchstone Exploration is an upstream oil and gas company focused on exploration and development of its oil and gas properties.](https://millionrounds.com/company/touchstone-exploration) Touchstone Exploration is an upstream oil and gas company focused on exploration and development of its oil and gas properties. *Founded* 2010 Calgary, Canada **$19M** last round Jun 2026
- 12 [**CruxOCM** CruxOCM, based in Calgary, Alberta, is a prominent provider of industrial automation software solutions, focusing on the midstream energy sector.](https://millionrounds.com/company/cruxocm) CruxOCM, based in Calgary, Alberta, is a prominent provider of industrial automation software solutions, focusing on the midstream energy sector. *Founded* 2017 Calgary, Canada **$17M** last round Aug 2024
- 13 [**Westgen Technologies** Westgen is a remote power generation company that reduces development costs while improving environmental sustainability.](https://millionrounds.com/company/westgen-technologies) Westgen is a remote power generation company that reduces development costs while improving environmental sustainability. *Founded* 2019 Calgary, Canada **$16M** last round Jun 2022
- 14 [**Laricina Energy** Since its founding in late 2005, privately-held Laricina has advanced two grassroots oil sands exploration plays through the technical](https://millionrounds.com/company/laricina-energy) Since its founding in late 2005, privately-held Laricina has advanced two grassroots oil sands exploration plays through the technical *Founded* 2005 Calgary, Canada **$15M** last round Mar 2014
- 15 [**Energy Safety Canada** Energy Safety Canada is a oil and gas energy company located in Calgary.](https://millionrounds.com/company/energy-safety-canada) Energy Safety Canada is a oil and gas energy company located in Calgary. *Founded* 2017 Calgary, Canada **$15M** last round Sept 2023
- 16 [**Cold Bore Technology** Cold Bore Technology is a privately held company based in Calgary, Alberta, specializing in well completions automation, data management, and analytics for the](https://millionrounds.com/company/cold-bore-technology) Cold Bore Technology is a privately held company based in Calgary, Alberta, specializing in well completions automation, data management, and analytics for the *Founded* 2013 Calgary, Canada **$14M** last round Jul 2021
- 17 [**Clean Resource Innovation Network** Clean Resource Innovation Network produces clean hydrocarbons from source to end use.](https://millionrounds.com/company/clean-resource-innovation-network) Clean Resource Innovation Network produces clean hydrocarbons from source to end use. *Founded* 2017 Calgary, Canada **$6.9M** last round Mar 2025
- 18 [**Novus Earth** Novus Earth Energy is an innovation-driven corporation that develops and implements decarbonized technologies.](https://millionrounds.com/company/novus-earth) Novus Earth Energy is an innovation-driven corporation that develops and implements decarbonized technologies. *Founded* 2021 Calgary, Canada **$5.0M** last round Jun 2022
- 19 [**Petrus Resources** Petrus Resources is an energy company active in property exploitation, strategic acquisitions, and risk-managed exploration.](https://millionrounds.com/company/petrus-resources) Petrus Resources is an energy company active in property exploitation, strategic acquisitions, and risk-managed exploration. *Founded* 2010 Calgary, Canada **$4.3M** last round May 2022
- 20 [**Pure Technologies** Pure Technologies is a world leader in the development and application of innovative technologies for critical infrastructure.](https://millionrounds.com/company/pure-technologies) Pure Technologies is a world leader in the development and application of innovative technologies for critical infrastructure. *Founded* 1998 Calgary, Canada **$3.8M** last round Apr 2011
- 21 [**Summit Nanotech** Summit Nanotech is a B2B company that deploys patented direct lithium extraction technology to create lithium economically and sustainably.](https://millionrounds.com/company/summit-nanotech) Summit Nanotech is a B2B company that deploys patented direct lithium extraction technology to create lithium economically and sustainably. *Founded* 2018 Calgary, Canada **$3.0M** last round Sept 2026
- 22 [**Cnergreen** Enhanced oil recovery, carbon intensity reduction, and CO2 storage efficiency via patent-pending nanoparticle-based foam technology.](https://millionrounds.com/company/cnergreen) Enhanced oil recovery, carbon intensity reduction, and CO2 storage efficiency via patent-pending nanoparticle-based foam technology. *Founded* 2019 Calgary, Canada **$2.6M** last round Feb 2026
- 23 [**Gradient Thermal** Gradient Thermal offers innovative heating solutions with a small footprint, maximizing comfort and efficiency in homes and workplaces.](https://millionrounds.com/company/gradient-thermal) Gradient Thermal offers innovative heating solutions with a small footprint, maximizing comfort and efficiency in homes and workplaces. *Founded* 2011 Calgary, Canada **$1.9M** last round Apr 2024
- 24 [**Razor Energy** Razor is a pivotal leading-edge enterprise](https://millionrounds.com/company/razor-energy) Razor is a pivotal leading-edge enterprise *Founded* 2016 Calgary, Canada **$1.8M** last round Oct 2021
- 25 [**MyHEAT** MyHEAT is a Calgary-based startup founded in 2014, specializing in geomatics and energy efficiency.](https://millionrounds.com/company/myheat) MyHEAT is a Calgary-based startup founded in 2014, specializing in geomatics and energy efficiency. *Founded* 2014 Calgary, Canada **$1.6M** last round Mar 2022
- 26 [**ConvergX** ConvergX® is a business consulting and convening company that assists decision-makers in addressing complex challenges.](https://millionrounds.com/company/convergx) ConvergX® is a business consulting and convening company that assists decision-makers in addressing complex challenges. *Founded* 2015 Calgary, Canada **$1.4M** last round Oct 2025
- 27 [**GenOil** Genoil engages in the development and commercialization of hydrocarbon, as well as oil and water separation technologies.](https://millionrounds.com/company/genoil) Genoil engages in the development and commercialization of hydrocarbon, as well as oil and water separation technologies. *Founded* 1996 Calgary, Canada **$613K** last round Feb 2010
- 28 [**Avatar Innovations** Avatar Innovations provides business solutions for energy transition.](https://millionrounds.com/company/avatar-innovations) Avatar Innovations provides business solutions for energy transition. *Founded* 2020 Calgary, Canada **$500K** last round Jul 2022
- 29 [**Energy Futures Lab** Energy Futures Lab is a multi-disciplinary research developing a sustainable energy company.](https://millionrounds.com/company/energy-futures-lab) Energy Futures Lab is a multi-disciplinary research developing a sustainable energy company. *Founded* 2015 Calgary, Canada **$398K** last round Jun 2022
- 30 [**Cellar Insights** Cellar Insights is a Calgary-based AgTech company that specializes in smart remote monitoring for potato growers.](https://millionrounds.com/company/cellar-insights) Cellar Insights is a Calgary-based AgTech company that specializes in smart remote monitoring for potato growers. *Founded* 2023 Calgary, Canada **$361K** last round Jan 2026
- 31 [**Arolytics** Arolytics is a software company that specializes in emissions management and regulatory compliance for the energy sector.](https://millionrounds.com/company/arolytics) Arolytics is a software company that specializes in emissions management and regulatory compliance for the energy sector. *Founded* 2018 Calgary, Canada **$293K** last round Nov 2023

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed in this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

Open any company for its rounds and investors, or search the investors who back energy startups in Calgary in the app, with filters, lists and exports.

[Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[All top lists](https://millionrounds.com/top-lists)

## More energy lists

[See all](https://millionrounds.com/top-lists?t=Energy)

[*CE* *C* *SE* **Energy startups worldwide** 1,800 companies · $129B](https://millionrounds.com/top-lists/energy-startups)[*CE* *C* *SE* **Energy startups in the United States** 741 companies · $110B](https://millionrounds.com/top-lists/energy-startups-united-states)[*N* *V* *S* **Energy startups in Europe** 607 companies · $39B](https://millionrounds.com/top-lists/energy-startups-europe)[*C* *ME* *W* **Energy startups that raised in 2026** 429 companies · $73B in 2026](https://millionrounds.com/top-lists/energy-startups-raised-2026)[*S* *RS* *C* **Energy startups in the United Kingdom** 206 companies · $15B](https://millionrounds.com/top-lists/energy-startups-united-kingdom)[*C* *ME* *W* **Energy startups in the United States that raised in 2026** 194 companies · $63B in 2026](https://millionrounds.com/top-lists/energy-startups-united-states-raised-2026)[*AE* *TE* *RS* **Energy startups founded in 2021** 111 companies · $8.5B](https://millionrounds.com/top-lists/energy-startups-founded-2021)[*V* *UC* *E* **Energy startups founded in 2020** 105 companies · $15B](https://millionrounds.com/top-lists/energy-startups-founded-2020)

## More lists for Calgary

[See all](https://millionrounds.com/top-lists?r=Calgary)

[*CM* *HR* *SR* **Startups in Calgary** 148 companies · $3.2B](https://millionrounds.com/top-lists/startups-calgary)[*B* *GM* *D* **IT Services startups in Calgary** 10 companies · $97M](https://millionrounds.com/top-lists/it-services-startups-calgary)