# Top 50 Energy Startups in Canada by Funding (2026)

> The 50 best-funded energy startups in Canada, ranked by total funding raised: $6.1B combined. With founding year, headquarters and each company's rounds.

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

- 1 [**Aypa Power** Aypa Power builds, owns, and manages large-scale renewable energy projects to enhance grid stability and reduce dependency on fossil fuels.](https://millionrounds.com/company/aypa-power) Aypa Power builds, owns, and manages large-scale renewable energy projects to enhance grid stability and reduce dependency on fossil fuels. *Founded* - Toronto, Canada **$2.0B** last round Mar 2026
- 2 [**Cordelio Power** Cordelio Power is a power producer that is involved in the development, ownership and management of an array of renewable power facilities.](https://millionrounds.com/company/cordelio-power) Cordelio Power is a power producer that is involved in the development, ownership and management of an array of renewable power facilities. *Founded* 2018 Toronto, Canada **$548M** last round Nov 2025
- 3 [**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
- 4 [**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
- 5 [**TRIUMF** Canada’s national laboratory for particle and nuclear physics and accelerator-based science.](https://millionrounds.com/company/triumf) Canada’s national laboratory for particle and nuclear physics and accelerator-based science. *Founded* 1970 Vancouver, Canada **$290M** last round Apr 2024
- 6 [**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
- 7 [**G Mining Ventures Corp.** G Mining Ventures is a mineral exploration company conducting exploration and development projects.](https://millionrounds.com/company/g-mining-ventures-corp) G Mining Ventures is a mineral exploration company conducting exploration and development projects. *Founded* 2020 Brossard, Canada **$278M** last round Oct 2025
- 8 [**General Fusion** General Fusion develops commercial fusion energy using Magnetized Target Fusion technology.](https://millionrounds.com/company/general-fusion) General Fusion develops commercial fusion energy using Magnetized Target Fusion technology. *Founded* 2002 Richmond, Canada **$241M** last round Jul 2026
- 9 [**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
- 10 [**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
- 11 [**PowerLattice**](https://millionrounds.com/company/powerlattice) *Founded* - Canada **$111M** last round Oct 2026
- 12 [**Mangrove Lithium** Develops a platform for the most cost-effective production of battery grade lithium hydroxide from diverse input streams and assets.](https://millionrounds.com/company/mangrove-lithium) Develops a platform for the most cost-effective production of battery grade lithium hydroxide from diverse input streams and assets. *Founded* 2017 Delta, Canada **$101M** last round Apr 2026
- 13 [**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
- 14 [**WorldEnergy GH2** WorldEnergy GH2 operates as a renewable energy company.](https://millionrounds.com/company/worldenergy-gh2) WorldEnergy GH2 operates as a renewable energy company. *Founded* 2022 St. John's, Canada **$94M** last round Feb 2024
- 15 [**The Metals Company** The Metals Company provides battery-powered shifts to clean energy and electric vehicles.](https://millionrounds.com/company/the-metals-company) The Metals Company provides battery-powered shifts to clean energy and electric vehicles. *Founded* 2011 Vancouver, Canada **$85M** last round Jun 2025
- 16 [**Eavor**](https://millionrounds.com/company/eavor) *Founded* - Canada **$82M** last round Jul 2026
- 17 [**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
- 18 [**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
- 19 [**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
- 20 [**Nexus Renewables** Nexus Renewables is a developer, owner, and operator of renewable energy focusing on energy storage.](https://millionrounds.com/company/nexus-renewables) Nexus Renewables is a developer, owner, and operator of renewable energy focusing on energy storage. *Founded* 2020 Toronto, Canada **$39M** last round Jun 2023
- 21 [**Hydrostor** Hydrostor is a Canadian energy storage company based in Toronto, founded in 2010.](https://millionrounds.com/company/hydrostor) Hydrostor is a Canadian energy storage company based in Toronto, founded in 2010. *Founded* 2010 Toronto, Canada **$37M** last round Feb 2026
- 22 [**UgoWork** UgoWork, also known as Ingeniarts Technologies Inc., is a Canadian technology company based in Quebec City, specializing in lithium-ion battery solutions and in](https://millionrounds.com/company/ugowork) UgoWork, also known as Ingeniarts Technologies Inc., is a Canadian technology company based in Quebec City, specializing in lithium-ion battery solutions and in *Founded* 2015 Quebec, Canada **$26M** last round Jul 2024
- 23 [**Gladiator Metals** Gladiator Metals engages in the acquisition, development, and operation of mineral property.](https://millionrounds.com/company/gladiator-metals) Gladiator Metals engages in the acquisition, development, and operation of mineral property. *Founded* - Vancouver, Canada **$25M** last round Jun 2026
- 24 [**LxDATA** LxDATA creates reliable photonic solutions that help reservoir and production engineering teams acquire critical sub-surface data.](https://millionrounds.com/company/lxdata) LxDATA creates reliable photonic solutions that help reservoir and production engineering teams acquire critical sub-surface data. *Founded* 2001 Canada **$24M** last round Oct 2008
- 25 [**Parity**](https://millionrounds.com/company/parity) *Founded* - Canada **$23M** last round Sept 2024
- 26 [**FORGE Hydrocarbons** FORGE Hydrocarbons is a Canadian renewable energy company founded in 2012, originating as a spin-off from the University of Alberta.](https://millionrounds.com/company/forge-hydrocarbons) FORGE Hydrocarbons is a Canadian renewable energy company founded in 2012, originating as a spin-off from the University of Alberta. *Founded* 2012 Oakville, Canada **$23M** last round Feb 2020
- 27 [**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
- 28 [**Electra Battery Materials** Electra Battery Materials develops and produces battery-grade materials for the electric vehicle (EV) and energy storage industries.](https://millionrounds.com/company/electra-battery-materials) Electra Battery Materials develops and produces battery-grade materials for the electric vehicle (EV) and energy storage industries. *Founded* 2017 Toronto, Canada **$20M** last round May 2026
- 29 [**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
- 30 [**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
- 31 [**BluWave-ai** BluWave-ai is a Canadian clean-tech company based in Ottawa, Ontario, focused on artificial intelligence solutions for the energy sector.](https://millionrounds.com/company/bluwave-ai) BluWave-ai is a Canadian clean-tech company based in Ottawa, Ontario, focused on artificial intelligence solutions for the energy sector. *Founded* 2017 Ottawa, Canada **$16M** last round Nov 2026
- 32 [**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
- 33 [**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
- 34 [**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
- 35 [**Fusion Fuel Cycles** Fusion Fuel Cycles is a provider of fuel cycle technologies that supplies end-to-end solutions to deliver performance-driven fuel cycle.](https://millionrounds.com/company/fusion-fuel-cycles) Fusion Fuel Cycles is a provider of fuel cycle technologies that supplies end-to-end solutions to deliver performance-driven fuel cycle. *Founded* - Chalk River, Canada **$15M** last round Sept 2025
- 36 [**HydroGraph Clean Power** HydroGraph Clean Power is engaged in developing & commercializing a disruptive patented technology for the production of graphene, hydrogen.](https://millionrounds.com/company/hydrograph-clean-power) HydroGraph Clean Power is engaged in developing & commercializing a disruptive patented technology for the production of graphene, hydrogen. *Founded* - Vancouver, Canada **$14M** last round Nov 2025
- 37 [**Energy 51** A Calgary, Alberta-based oil and gas exploration company](https://millionrounds.com/company/energy-51) A Calgary, Alberta-based oil and gas exploration company *Founded* - Canada **$14M** last round May 2005
- 38 [**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
- 39 [**EverGen Infrastructure** EverGen acquire, develop, build, own and operate a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects.](https://millionrounds.com/company/evergen-infrastructure) EverGen acquire, develop, build, own and operate a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. *Founded* 2020 Vancouver, Canada **$13M** last round Jan 2026
- 40 [**Black Rock Tidal Power** Black Rock Tidal Power is a privately-owned company offering tailor-made tidal energy converter systems](https://millionrounds.com/company/black-rock-tidal-power) Black Rock Tidal Power is a privately-owned company offering tailor-made tidal energy converter systems *Founded* 2013 Bedford, Canada **$11M** last round Nov 2015
- 41 [**SmartD Technologies** SmartD Technologies is a Montreal-based power electronics company founded in 2018.](https://millionrounds.com/company/smartd-technologies) SmartD Technologies is a Montreal-based power electronics company founded in 2018. *Founded* 2018 Montreal, Canada **$10M** last round Apr 2024
- 42 [**Solar Flow-Through** Solar Flow-Through develops and operates solar PV power generation projects in Ontario, Canada.](https://millionrounds.com/company/solar-flow-through) Solar Flow-Through develops and operates solar PV power generation projects in Ontario, Canada. *Founded* 2012 Canada **$10M** last round Oct 2013
- 43 [**ACEL Power** ACEL Power is a clean-tech company based in Vancouver, Canada, specializing in electric outboard propulsion systems for the marine industry.](https://millionrounds.com/company/acel-power) ACEL Power is a clean-tech company based in Vancouver, Canada, specializing in electric outboard propulsion systems for the marine industry. *Founded* - Vancouver, Canada **$10M** last round Jul 2024
- 44 [**Li-Cycle** Li-Cycle is a clean technology company that uses an environmentally friendly process to recycle lithium-ion batteries.](https://millionrounds.com/company/li-cycle) Li-Cycle is a clean technology company that uses an environmentally friendly process to recycle lithium-ion batteries. *Founded* 2016 Mississauga, Canada **$7.5M** last round May 2025
- 45 [**EnPowered** EnPowered helps businesses control their energy usage and costs.](https://millionrounds.com/company/enpowered) EnPowered helps businesses control their energy usage and costs. *Founded* 2015 Waterloo, Canada **$7.4M** last round Sept 2021
- 46 [**Soma Energy** Soma Energy is an energy intelligence company based in Vancouver that leverages AI to enhance energy generation, storage, procurement, and consumption in real time.](https://millionrounds.com/company/soma-energy) Soma Energy is an energy intelligence company based in Vancouver that leverages AI to enhance energy generation, storage, procurement, and consumption in real time. *Founded* - Newport Beach, Canada **$7.0M** last round Apr 2026
- 47 [**CelluFuel** CelluFuel Inc.](https://millionrounds.com/company/cellufuel) CelluFuel Inc. *Founded* 2012 Halifax, Canada **$7.0M** last round Aug 2019
- 48 [**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
- 49 [**Nevada Lithium Resources** Nevada Lithium Resources is a mining company that provides acquisition, exploration, and development services for lithium resources.](https://millionrounds.com/company/nevada-lithium-resources) Nevada Lithium Resources is a mining company that provides acquisition, exploration, and development services for lithium resources. *Founded* 2020 Vancouver, Canada **$6.2M** last round Jun 2023
- 50 [**6N Silicon** 6N Silicon, Inc.](https://millionrounds.com/company/6n-silicon) 6N Silicon, Inc. *Founded* 2006 Canada **$5.7M** last round Jul 2007

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed as 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 Canada 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 Canada

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

[*C* *H8* *AP* **Startups in Canada** 2,950 companies · $38B](https://millionrounds.com/top-lists/startups-canada)[*A* *T* *AP* **Health startups in Canada** 386 companies · $5.7B](https://millionrounds.com/top-lists/health-startups-canada)[*C* *H8* *C* **AI startups in Canada** 285 companies · $20B](https://millionrounds.com/top-lists/ai-startups-canada)[*LG* *P* *H* **IT Services startups in Canada** 232 companies · $2.0B](https://millionrounds.com/top-lists/it-services-startups-canada)[*A* *T* *RT* **Biotech startups in Canada** 210 companies · $4.9B](https://millionrounds.com/top-lists/biotech-startups-canada)[*A* *RT* *T* **Healthcare startups in Canada** 195 companies · $3.7B](https://millionrounds.com/top-lists/healthcare-startups-canada)[*E* *GF* *EF* **Climate tech startups in Canada** 126 companies · $2.8B](https://millionrounds.com/top-lists/climate-tech-startups-canada)[*5G* *T* *P* **Big Data & Analytics startups in Canada** 116 companies · $3.0B](https://millionrounds.com/top-lists/big-data-startups-canada)