# Top 12 Energy Startups in Chicago by Funding (2026)

> The 12 best-funded energy startups in Chicago, ranked by total funding raised: $560M combined. With founding year, headquarters and each company's rounds.

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

- 1 [**Hecate Grid** Hecate Grid is an independent power producer (IPP) that develops, owns, and operates standalone storage projects.](https://millionrounds.com/company/hecate-grid) Hecate Grid is an independent power producer (IPP) that develops, owns, and operates standalone storage projects. *Founded* 2018 Chicago, United States **$125M** last round Jun 2024
- 2 [**Anovion Battery Materials** Anovion Battery Materials produces synthetic graphite materials.](https://millionrounds.com/company/anovion-battery-materials) Anovion Battery Materials produces synthetic graphite materials. *Founded* 2022 Chicago, United States **$117M** last round Oct 2022
- 3 [**Amp Americas** AMP Americas makes ultra-low carbon intensity renewable natural gas (RNG) from dairy waste.](https://millionrounds.com/company/amp-americas) AMP Americas makes ultra-low carbon intensity renewable natural gas (RNG) from dairy waste. *Founded* 2011 Chicago, United States **$75M** last round Jul 2019
- 4 [**LanzaJet** LanzaJet is a private company founded in 2020 that focuses on sustainable fuels technology.](https://millionrounds.com/company/lanzajet) LanzaJet is a private company founded in 2020 that focuses on sustainable fuels technology. *Founded* 2020 Chicago, United States **$67M** last round Oct 2026
- 5 [**Locusview** Locusview's digital infrastructure construction platform manages the entire construction process from planning to revenue.](https://millionrounds.com/company/locusview) Locusview's digital infrastructure construction platform manages the entire construction process from planning to revenue. *Founded* 2014 Chicago, United States **$64M** last round Apr 2021
- 6 [**Aether Fuels** Aether Fuels is a cutting-edge climate technology startup.](https://millionrounds.com/company/aether-fuels) Aether Fuels is a cutting-edge climate technology startup. *Founded* 2022 Chicago, United States **$49M** last round Dec 2025
- 7 [**ElectronX** ElectronX is a CFTC-regulated financial exchange focused on the electricity market and dedicated to supporting the energy transition in the United States.](https://millionrounds.com/company/electronx) ElectronX is a CFTC-regulated financial exchange focused on the electricity market and dedicated to supporting the energy transition in the United States. *Founded* - Chicago, United States **$30M** last round Nov 2025
- 8 [**Fuel Me** Fuel Me is an AI-powered, cloud-based technology platform that focuses on fuel procurement, management, and delivery for commercial operations.](https://millionrounds.com/company/fuel-me) Fuel Me is an AI-powered, cloud-based technology platform that focuses on fuel procurement, management, and delivery for commercial operations. *Founded* 2020 Chicago, United States **$18M** last round Aug 2023
- 9 [**QCoefficient** QCoefficient is the first and only smart grid engine to integrate HVAC operations in commercial buildings with electric grid operations and markets to lower bui](https://millionrounds.com/company/qcoefficient) QCoefficient is the first and only smart grid engine to integrate HVAC operations in commercial buildings with electric grid operations and markets to lower bui *Founded* 2012 Chicago, United States **$8.0M** last round Jul 2011
- 10 [**Power 1 Energy Company** Power 1 Energy Company is an energy seller and supplier in the deregulated energy business.](https://millionrounds.com/company/power-1-energy-company) Power 1 Energy Company is an energy seller and supplier in the deregulated energy business. *Founded* 2017 Chicago, United States **$4.0M** last round Sept 2021
- 11 [**Switched Source** Switched Source is a manufacturing company that develops medium-voltage devices to enhance utility operations through automation.](https://millionrounds.com/company/switched-source) Switched Source is a manufacturing company that develops medium-voltage devices to enhance utility operations through automation. *Founded* - Chicago, United States **$2.6M** last round Nov 2025
- 12 [**Boron Nitride Power** Boron Nitride Power is an intellectual property holding company that develops and licences in the field of electrochemical energy storage.](https://millionrounds.com/company/boron-nitride-power) Boron Nitride Power is an intellectual property holding company that develops and licences in the field of electrochemical energy storage. *Founded* - Chicago, United States **$256K** last round Jan 2022

**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 Chicago 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 Chicago

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

[*V* *OH* *O* **Startups in Chicago** 617 companies · $16B](https://millionrounds.com/top-lists/startups-chicago)[*V* *OH* *NF* **Health startups in Chicago** 86 companies · $9.6B](https://millionrounds.com/top-lists/health-startups-chicago)[*V* *OH* *OS* **Healthcare startups in Chicago** 62 companies · $8.7B](https://millionrounds.com/top-lists/healthcare-startups-chicago)[*N* *R* *S* **IT Services startups in Chicago** 48 companies · $948M](https://millionrounds.com/top-lists/it-services-startups-chicago)[*O* *C* *E* **AI startups in Chicago** 45 companies · $912M](https://millionrounds.com/top-lists/ai-startups-chicago)[*V* *OH* *NF* **Biotech startups in Chicago** 34 companies · $8.5B](https://millionrounds.com/top-lists/biotech-startups-chicago)[*O* *P* *CA* **Big Data & Analytics startups in Chicago** 32 companies · $771M](https://millionrounds.com/top-lists/big-data-startups-chicago)[*D* *T* *LO* **Advertising & Adtech startups in Chicago** 30 companies · $320M](https://millionrounds.com/top-lists/adtech-startups-chicago)