Export Development Canada

Export Development Canada is an export credit agency established in 1944 and headquartered in Ottawa, Canada. Its primary mission is to assist Canadian companies, both large and small, in expanding their operations internationally. The agency provides a range of credit services, which include loans and financial support, to facilitate global trade. The majority of its investment portfolio comprises loans receivable, along with significant holdings in cash and marketable securities. Through these services, Export Development Canada plays a vital role in enhancing the competitiveness of Canadian businesses in the global marketplace.

Erik Brien-Wright

Investment Manager

Carl Burlock

Executive Vice President and Chief Business Officer

Ken Kember

Senior Vice President and Chief Financial Officer

Mairead Lavery

President and Chief Executive Officer

Michael Machabee

Managing Partner, EDC Investments

Isabela Murillo

Senior Associate

Jacqueline Ovens

Managing Partner

Marc Andre Seguin

Director, Global Accounts

Gabriel Sirois

Investment Manager

Past deals in Energy Storage

Peak Power

Series A in 2021
Peak’s AI-powered software enables intelligent energy in smart cities by optimizing synthetic, stationary, and mobile batteries to act as grid resources. Peak’s solutions reduce operating costs and the environmental footprint of our clients while decreasing strain on the grid.

FLO

Series C in 2020
AddÉnergie Technologies Inc. is a leading Canadian company specializing in smart charging solutions for electric vehicles. Established in 2009 and based in Québec, the company develops, manufactures, and operates a range of charging stations tailored for various market segments, including the public sector, employers, multi-residential buildings, and fleets. Its product offerings include the SmartTWO and SmartDC charging stations for commercial and industrial use, as well as specialized solutions like the CoRe+ charger for private areas and the Curbside Charger. AddÉnergie is also the provider of the Electric Circuit and VERnetworkTM, two of Canada’s largest charging station networks, which collectively feature over 2,000 charging stations. The company supplies both the hardware and software necessary for managing these networks, and it is poised to expand its operations through new partnerships and networks internationally.

Stromcore

Grant in 2019
Stromcore Energy Inc. is a Canadian company, founded in 2016 and headquartered in Mississauga, that specializes in the design and manufacturing of lithium-ion battery systems. The company focuses on providing advanced battery solutions for large industrial forklifts. Its proprietary Battery Management System (BMS) oversees the lithium battery modules, offering real-time updates and diagnostic information via the cloud. This system enables remote monitoring and control of individual battery modules, ensuring stable operational conditions for enhanced performance and reliability.

EnergyPal

Seed Round in 2018
EnergyPal is a multinational company specializing in solar and battery energy solutions for residential and commercial properties. Founded in 2016 and based in Toronto, Canada, EnergyPal focuses on providing high-quality solar panel installations while assessing various factors including property specifics, energy modeling, and financial considerations. The company aims to deliver value and support to home and business owners by offering a range of industry-leading energy products and services. Through its innovative platform, EnergyPal facilitates customer choice and financial savings by leveraging lower pricing and efficient operational practices.

Corvus Energy

Debt Financing in 2017
Corvus Energy Ltd. engages in the research, development, manufacture, and supply of energy storage solutions for marine, oil and gas, and port applications. The company offers energy storage systems for hybrid and electric propulsion. Its services include technical support, spare parts, extended warranty, recycling, field service, training, consulting, upgrades, and concierge service agreement. The company serves cruise and ferry, offshore, fishing and aquaculture, tugs and workboats, subsea, merchant, and port markets. Corvus Energy Ltd. was founded in 2009 and is headquartered in Richmond, Canada.

Encycle

Venture Round in 2016
REGEN Energy Inc. designs, develops, and markets wireless energy management solutions in Canada and the United States. The company’s products include EnviroGrid swarm-logic controllers, which are attached to electrical loads to communicate and coordinate with each other to reduce electrical demand for commercial, industrial, institutional, and multi-unit residential facilities. Its products are used to control electrical demand for heaters, fans, compressors, chillers, cold storage systems, batter chargers, pumps, and dehumidifiers and humidifiers, as well as for new construction, retrofit, and ongoing building operations.

Encycle

Series B in 2014
REGEN Energy Inc. designs, develops, and markets wireless energy management solutions in Canada and the United States. The company’s products include EnviroGrid swarm-logic controllers, which are attached to electrical loads to communicate and coordinate with each other to reduce electrical demand for commercial, industrial, institutional, and multi-unit residential facilities. Its products are used to control electrical demand for heaters, fans, compressors, chillers, cold storage systems, batter chargers, pumps, and dehumidifiers and humidifiers, as well as for new construction, retrofit, and ongoing building operations.

Anaergia

Private Equity Round in 2013
Anaergia Inc. is a global leader in sustainable solutions for generating renewable energy and converting waste into valuable resources. The company specializes in anaerobic digestion technologies that produce clean energy, fertilizers, and recycled water from organic waste streams. Additionally, Anaergia provides municipal wastewater solutions, including renewable energy production, co-digestion, biosolids management, and advanced membrane filtration. Its municipal solid waste services focus on waste diversion and applications for renewable energy and natural gas. The company also offers agri-food solutions that encompass renewable energy, nutrient management, and water reuse. Anaergia's proprietary technologies and services are employed in over 1,600 operational renewable energy projects worldwide, serving clients in the municipal, industrial, commercial, and agricultural sectors. Headquartered in Burlington, Canada, Anaergia operates through various subsidiaries and has a global presence in North America, Europe, and Asia.