Sustainable Development Technology Canada

Sustainable Development Technology Canada (SDTC) is a venture capital investment firm based in Ottawa, established in 2001. The organization focuses on funding and supporting Canadian cleantech projects, helping companies advance innovative technologies to market. SDTC's investments span various sectors, including agriculture, energy efficiency, green buildings, transportation, and waste management. By fostering the growth of these companies, SDTC aims to create jobs, stimulate economic growth, and generate export opportunities while delivering environmental and health benefits to Canadians. Operating independently, SDTC collaborates with a diverse network of partners from private industry, academia, and government, both domestically and internationally, to enhance the impact of its initiatives. The organization receives funding from the Government of Canada to further its mission.

Timon LeDain

Vice President, Operations

Leo Bever Ph.D

Investment Director

Past deals in Oil and Gas

Pulse Industrial

Grant in 2022
Pulse Industrial is a California-based company specializing in the development of advanced monitoring technologies for industrial applications. The company focuses on creating sensors that provide a comprehensive overview of valves and steam traps in industrial plants, enabling predictive maintenance and failure alerts. Its flagship product is an artificial intelligence-powered steam trap monitoring device that utilizes vibration and acoustic analysis to detect steam leaks. By employing low power wide area communication, the device efficiently alerts maintenance personnel to potential issues, thereby enhancing safety and reducing fuel consumption in industrial settings. Through these innovations, Pulse Industrial aims to improve operational efficiency and reliability in steam generation processes.

Polar Sapphire

Grant in 2021
Polar Sapphire Ltd. is a Toronto-based company that specializes in the manufacturing and sale of high-purity aluminum oxide powder, commonly known as alumina. The company produces alumina in purity levels ranging from 3N to 6N, offering various particle size distributions tailored for different applications. This high-purity powder serves as a crucial feedstock for the production of sapphire ingots, which are essential in the manufacturing of LED substrates. Additionally, Polar Sapphire's alumina is utilized in the production of high-purity engineered ceramics, polishing agents, abrasion-resistant coatings, and other non-LED applications. The company has developed a proprietary method to produce low-cost, high-purity alumina, enhancing its competitive position in the market.

Validere

Grant in 2021
Validere Technologies Inc. is a Toronto-based company that specializes in providing critical information about liquids to large markets, particularly in the oil and gas sector. Founded in 2015, Validere develops portable devices such as the Validere Identifier, which assesses liquid safety by comparing samples against a comprehensive library, and EDGE Connect, which facilitates secure connections between buyers and sellers to identify arbitrage opportunities. The company's solutions enable industry participants to optimize their operational and trading decisions by delivering real-time quality intelligence and actionable testing data. This innovation allows oil and gas companies to accurately monitor product quality, streamline logistics, and enhance trading strategies, resulting in significant cost savings and increased revenue. Validere's technology supports transparency and accountability in liquid measurement, making it a valuable resource for producers and midstream organizations.

GHGSat

Grant in 2021
GHGSat Incorporated provides greenhouse gas emissions monitoring data and services. The company offers data products, including surface reflectance images, abundance datasets, concentration maps, and monitoring and emission rates. Its analysis services include monitoring of targeted sites, such as natural gas leaks from pipelines; emission rate estimations, including inventory analysis emission rate of species; augmented analysis of emissions; mosaics of commercial satellite imagery products; and trending analysis of emissions from individual sites, or grouped sites. The company offers its products through a network of resellers to oil and gas, power generation, mining, waste management, and agriculture markets in Canada and internationally. GHGSat Incorporated was founded in 2011 and is based in Montreal, Canada.

Pani Energy

Seed Round in 2021
Developer of an operational intelligence platform intended to optimize water treatment with artificial intelligence. The company's platform leverages artificial intelligence and machine learning that integrates with existing equipment and control systems, enabling plant owners and operators to log in and see how to optimize their plant's energy consumption, chemical usage, up-time, equipment life, and operational costs.

Eavor

Venture Round in 2021
Eavor Technologies Inc. is a geothermal technology company based in Calgary, Canada, founded in 2017. It focuses on creating a clean and reliable energy future through its innovative Eavor-Loop™ system, which extracts heat from deep within the Earth for commercial heating and electricity generation. This system employs advanced drilling techniques and integrates existing commercial components in a novel configuration, allowing for scalable and steady green power production. Eavor's technology circulates a benign working fluid in a closed loop, isolating it from the environment while harvesting heat from geologically accessible rock temperatures. The company also operates the Eavor-Lite™ Demonstration Project as a prototype for its technology suite, addressing challenges traditionally associated with geothermal energy.

FlyScan

Grant in 2021
Flyscan Systems Inc. develops airborne platform that automates the detection of small oil leaks and offers a series of visual inspection functions. The company was incorporated in 2015 and is based in Québec, Canada.

Hydrogen Optimized

Grant in 2021
Hydrogen Optimized specializes in the development and commercialization of large-scale Green Hydrogen production systems aimed at high-growth markets. The company has introduced the RuggedCell™ high-current water electrolysis system, which is engineered to provide low-cost Green Hydrogen suitable for the largest industrial applications. By utilizing innovative hydrogen technology, Hydrogen Optimized enables industries to achieve economically viable hydrogen production through renewable energy sources.

Pani Energy

Grant in 2020
Developer of an operational intelligence platform intended to optimize water treatment with artificial intelligence. The company's platform leverages artificial intelligence and machine learning that integrates with existing equipment and control systems, enabling plant owners and operators to log in and see how to optimize their plant's energy consumption, chemical usage, up-time, equipment life, and operational costs.

Hifi Engineering

Grant in 2020
HiFi Engineering Inc. specializes in the development of fiber optic sensing systems designed for the oil and gas industry. The company creates advanced monitoring solutions, including sensing cables, downhole tools, and software for data acquisition and interpretation, aimed at applications such as reservoir monitoring, pipeline integrity, and leak detection. Notable products include the HDS MiCro tool for downhole flow and the HDS MaCro system for permanent monitoring of pipelines and reservoirs. Founded in 2007 and headquartered in Calgary, Canada, HiFi Engineering serves North American oil and gas service companies. The company’s technology is supported by over 33 patents and collaborative relationships with major industry players, enhancing its capacity to deliver high-quality data to its customers.

OPA Technologies

Seed Round in 2020
OPA Technologies Inc. specializes in developing cloud-based geospatial software aimed at improving road obstruction and traffic flow management. Its primary product, the OPA platform, enables real-time planning, coordination, and communication regarding traffic barriers and detours by capturing geospatial data on road conditions. The platform serves a diverse clientele, including engineers, urban planners, public works technicians, transportation specialists, and government agencies. In addition to its software solutions, OPA Technologies offers consulting and technical services to enhance user experience. Founded in 2015 in Laval, Canada, the company has gained local and international recognition, becoming a partner of ESRI, a leading global geospatial firm, and is part of the Ecofuel cleantech investment portfolio.

Hydra Energy

Seed Round in 2020
Hydra Energy Corporation, based in Delta, Canada, specializes in providing hydrogen as a service to fleet operators, focusing on clean combustion in transportation. Founded in 2012, the company retrofits diesel-powered heavy-duty vehicles to operate partially on hydrogen, which significantly reduces fuel costs and carbon emissions. Hydra Energy's innovative model includes partnerships that facilitate hydrogen supply and fueling, allowing fleets to run more efficiently without incurring additional expenses. By offering fixed-term fuel supply contracts for dual-fuel systems that can utilize both hydrogen and gasoline, Hydra Energy helps commercial vehicle fleets transition towards more sustainable operations while promoting environmental benefits.

SeeO2 Energy

Seed Round in 2020
SeeO2 Energy is a company focused on efficiently converting carbon dioxide (CO2) into marketable and clean value-added fuels and chemicals using reversible fuel-cell technology. SeeO2 Energy is converting carbon dioxide into marketable and clean value-added fuels and chemicals using reversible fuel technology. Its electrolyzers can efficiently generate gases on-site such as hydrogen, carbon monoxide, or oxygen in a reliable way. The company is developing an efficient and high performance reversible solid oxide cells (RSOFCs). Its technology, which involves the use of a high-performance catalyst material, allows the electrochemical conversion of water to hydrogen, carbon dioxide (CO2) to carbon monoxide (CO), and CO2 and water to produce syngas, a mixture of CO and H2.

Qube Technologies

Grant in 2020
Qube Technologies specializes in developing innovative solutions for continuous emissions monitoring in the oil and gas industry, as well as in landfills and mines. The company focuses on creating Internet of Things (IoT) devices that leverage artificial intelligence to accurately detect and measure greenhouse gas emissions. By employing advanced technologies such as machine learning and edge computing, Qube's systems enable industrial facilities to monitor emissions in real time. This approach not only facilitates compliance with environmental regulations but also helps reduce costs associated with emissions management, particularly for methane emissions in the oil and gas sector.

Absolute Combustion

Seed Round in 2020
Absolute Combustion International is an oil and gas energy company based in Leduc. The company specializes in developing innovative burner technology that enhances the performance of industrial combustion systems while prioritizing environmental sustainability. Their technology improves heat transfer efficiency and reduces emissions, benefiting industries such as aerospace, oil and gas, and recycling. By focusing on these advancements, Absolute Combustion enables clients to boost production efficiency, lower operational costs, and enhance workplace safety in both national and international markets.

Power HV

Seed Round in 2020
Power HV is creating ground-breaking technology, decreasing greenhouse gas emissions and saving money along the way.

G2V Optics

Seed Round in 2020
G2V's founding mission is to develop and commercialize technology that will enable food production for a growing population while significantly reducing fresh water and land use. We do this by improving yield, quality, and operating costs for commercial growers by providing efficient 'engineered sunlight'​. Our advanced technology provides greenhouses, vertical farms, and home growers with multi-zone lighting and plant monitoring, allowing a grower to keep tabs on their entire crop. We are obsessed with using new technology to make a difference and continue to develop some of the most dynamic and innovative new products for the horticulture market.

Enersion

Grant in 2019
Developer of an adsorption-based chiller designed for renewable and sustainable cooling power. The company's chiller specializes in providing efficient cooling by consuming natural gas and producing electricity by utilizing heat in the form of hot water, enabling clients to provide cooling from sustainable energy sources at much more cost-effective rates saving both the environment and money.

EnerPure

Grant in 2019
EnerPure is a cleantech energy company focused on recycling waste petroleum into a clean source of fuel and energy. The company has developed advanced technology that processes waste oil through several stages, including pre-treatment, preparation of feedstock, and refining via distillation and filtration to produce diesel fuel. This innovative approach not only helps clients minimize the environmental impact associated with waste oil but also contributes to local employment opportunities. By transforming waste petroleum into usable energy, EnerPure plays a significant role in promoting sustainability and reducing greenhouse gas emissions.

GHGSat

Grant in 2019
GHGSat Incorporated provides greenhouse gas emissions monitoring data and services. The company offers data products, including surface reflectance images, abundance datasets, concentration maps, and monitoring and emission rates. Its analysis services include monitoring of targeted sites, such as natural gas leaks from pipelines; emission rate estimations, including inventory analysis emission rate of species; augmented analysis of emissions; mosaics of commercial satellite imagery products; and trending analysis of emissions from individual sites, or grouped sites. The company offers its products through a network of resellers to oil and gas, power generation, mining, waste management, and agriculture markets in Canada and internationally. GHGSat Incorporated was founded in 2011 and is based in Montreal, Canada.

Pani Energy

Grant in 2019
Developer of an operational intelligence platform intended to optimize water treatment with artificial intelligence. The company's platform leverages artificial intelligence and machine learning that integrates with existing equipment and control systems, enabling plant owners and operators to log in and see how to optimize their plant's energy consumption, chemical usage, up-time, equipment life, and operational costs.
Mangrove Water Technologies Ltd. specializes in the development of a wastewater desalination system that effectively treats and purifies contaminated well water. The company's innovative technology converts saline wastewater and waste gases into desalinated water and value-added chemicals, which can be utilized on-site, specifically for oil and gas field applications. Established in 2017 and headquartered in Vancouver, Canada, Mangrove has successfully advanced its technology from a laboratory concept to a commercial-scale field pilot over the past four years. The technology was initially developed by the Wilkinson research group at the University of British Columbia, with support from various Canadian funding organizations. Its modular and mobile design allows for versatile applications, making it a significant player in the field of water treatment and resource recovery.

Direct-C

Grant in 2019
Direct-C Limited is a Canadian company specializing in hydrocarbon leak detection sensors and remote communication systems tailored for the oil and gas industry. Founded in 2014 and headquartered in Edmonton, with additional offices in Calgary and Bath, the company has developed innovative solutions such as SubSense, a mobile ground probe for site monitoring; PatchSense, which involves affixing sensors directly to pipelines; and TankSense, designed for storage tank monitoring. Their proprietary nanocomposite coating technology specifically reacts to liquid hydrocarbons, ensuring high accuracy in leak detection with zero false positives and instant alerts. This technology enhances response times to potential incidents, thereby improving the integrity monitoring of oil and gas infrastructure. Originally developed at the University of Calgary, Direct-C’s products aim to increase precision in leak detection while minimizing environmental impact and product loss.

Eavor

Grant in 2019
Eavor Technologies Inc. is a geothermal technology company based in Calgary, Canada, founded in 2017. It focuses on creating a clean and reliable energy future through its innovative Eavor-Loop™ system, which extracts heat from deep within the Earth for commercial heating and electricity generation. This system employs advanced drilling techniques and integrates existing commercial components in a novel configuration, allowing for scalable and steady green power production. Eavor's technology circulates a benign working fluid in a closed loop, isolating it from the environment while harvesting heat from geologically accessible rock temperatures. The company also operates the Eavor-Lite™ Demonstration Project as a prototype for its technology suite, addressing challenges traditionally associated with geothermal energy.

Rotoliptic

Grant in 2019
Rotoliptic Technologies Inc. develops displacement pumps. The company offers electric submersible and truck transfer pumps that focus on pumping crude oil in mindstream oil and gas applications, and bitumen in the Canadian oil sands. Rotoliptic Technologies Inc. is headquartered in Canada.

Saltworks

Grant in 2019
Saltworks Technologies Inc. is a water technology company based in Richmond, Canada, specializing in the design, manufacture, and delivery of advanced desalination and wastewater treatment systems. Founded in 2008, the company provides innovative solutions for treating challenging water conditions, including turnkey crystallizer systems, ion exchange membrane products, and membrane-stack systems. Saltworks offers a range of technologies, including ElectroChem Advanced Electrodialysis systems, salt splitters for recovering previously scale-limited waters, and ammonia splitters for ammonia removal. Its SaltMaker Evaporator Crystallizer is designed for low-temperature wastewater and brine treatment. The company's systems support various applications such as industrial wastewater treatment, zero liquid discharge, and recovery of acids and bases across sectors like agriculture, mining, and food processing. With a global customer base, Saltworks combines smart design and intelligent automation to help clients reduce brine volume, lower disposal costs, and ensure compliance with environmental regulations.

Fractal Systems

Grant in 2019
Fractal Systems Inc., a heavy oil technology company, develops, patents, and deploys solutions to improve producer margins, de-bottleneck infrastructure, and provide flexibility associated with the transportation of heavy oil and bitumen. It offers JetShear, a commercial ready suite of technologies that improve bitumen product quality and lower bitumen viscosity allowing processed fluids to move more freely in transport pipelines. The company was founded in 2006 and is based in Sherbrooke, Canada with an additional offices in Calgary, Canada; and a laboratory in Sherbrooke, Canada.

E3P Technologies

Grant in 2019
Manufacturer of a zero-emission compressor intended to reduce greenhouse gas emissions. The company product eliminates methane leaks typically associated with well-site natural gas compression, enabling oil and gas industries to reduce overall greenhouse gas emissions generated during operations.

Fractal Systems

Grant in 2019
Fractal Systems Inc., a heavy oil technology company, develops, patents, and deploys solutions to improve producer margins, de-bottleneck infrastructure, and provide flexibility associated with the transportation of heavy oil and bitumen. It offers JetShear, a commercial ready suite of technologies that improve bitumen product quality and lower bitumen viscosity allowing processed fluids to move more freely in transport pipelines. The company was founded in 2006 and is based in Sherbrooke, Canada with an additional offices in Calgary, Canada; and a laboratory in Sherbrooke, Canada.

Imtex

Grant in 2019
Imtex Membranes Corp. is a Canadian company based in Mississauga that specializes in advanced membrane separation technology for the petrochemical and refining industries. Founded in 2007, the company has developed the Permylene membrane system, which provides a high-performance and commercially viable alternative to traditional distillation methods for the extraction and purification of olefins. This innovative technology not only enhances the separation of olefins from paraffins and other compounds but also significantly reduces wasteful gas flaring and lowers the energy requirements and emissions associated with these processes. Imtex Membranes aims to deliver substantial economic and environmental benefits, potentially setting new standards within the industry.

Consolidated Biofuels

Grant in 2018
Consolidated Biofuels produces Biodiesel from a variety of feed stocks that exceed the fuel requirements

Ambyint

Grant in 2018
Ambyint Inc. is a Calgary-based company that specializes in artificial lift optimization solutions for exploration and production (E&P) companies in the oil and gas industry. Founded in 2004 and previously known as PumpWell Solutions Ltd., Ambyint offers advanced software products, including the Amplify Real-Time Controller and the Infinity Optimization Platform. These solutions leverage artificial intelligence and physics-based analytics to automate diagnostics, adjust operating parameters, and predict potential failures, thereby enhancing production and reducing operating expenses. Ambyint's technology integrates with existing supervisory control and data acquisition (SCADA) systems or can be utilized with its High Resolution Adaptive Controllers, enabling improved data acquisition and automated control of artificial lift systems. With over a decade of domain expertise, Ambyint aims to deliver significant improvements in production outcomes and operational efficiency for its clients.

MEG Energy

Grant in 2018
MEG Energy Corp. is a Canadian energy company specializing in sustainable in situ thermal oil production in the southern Athabasca region of Alberta. The company holds a 100% interest in approximately 750 square miles of mineral leases and primarily operates the Christina Lake Project. Utilizing steam-assisted gravity drainage extraction methods, MEG aims to enhance oil recovery while reducing carbon emissions. It transports and sells its thermal oil product to refiners across North America and internationally. Additionally, MEG owns key midstream assets, including a 50%-owned joint venture in the Access Pipeline, which connects its operations to major transportation hubs, and the Stonefell Terminal, a 900,000-barrel storage facility designed to mitigate risks associated with pipeline restrictions. MEG is also innovating with technologies such as its proprietary HI-Q® process, which modifies bitumen blends for more efficient transport, thereby lowering environmental impact and transportation costs. The company is guided by an experienced team committed to responsible energy development and strategic growth within the oil sands sector.
Fossil Water has provided design-build, EPCM and consulting services since 2004.They specialize in water, wastewater and waste processing for industrial and municipal clients.They deliver projects up to 50% faster by utilizing their proprietary software, workflow automation and modular designs.
waterStrider treatment removes oil, sulphide, bacteria, metals, and suspended solids from frac water, making it reusable for a fraction of the price of current fresh water use at fracking sites. In doing so, the environmental impact and costs associated with fracking are dramatically reduced.

Agar Corporation

Grant in 2017
Agar Corporation is a leading pioneer of non-nuclear, versatile, multi-phase flow meters used to optimize oil well testing and production. Agar provides innovative solutions for applications such as: heavy oil well testing, waste water treatment, automatic tank dewatering, desalters and gas liquid foam control.

Acceleware

Grant in 2017
Acceleware Ltd. is an oil and gas technology company based in Calgary, Canada, operating in both Canada and the United States. The company specializes in two primary segments: High-Performance Computing (HPC) and RF Heating. Acceleware develops innovative technologies for enhanced heavy oil and oil sands production, utilizing radio frequency heating. Its suite of computational software products includes solutions for electromagnetic modeling, RF heating simulation, seismic data processing, and subsurface velocity modeling. Acceleware also offers consulting services and training programs focused on parallel computing, helping enterprises optimize their computing capabilities, including architecting multi-core processing solutions and GPU programming training. The company serves a diverse clientele, including major oil and gas firms and global cell phone manufacturers, by providing tools that improve data interpretation and accelerate product development cycles. Founded in 2004, Acceleware is committed to pushing the boundaries of innovation in the oil and gas and computer-aided engineering sectors.

Calscan Solutions

Grant in 2017
Calscan Solutions is an instrumentation and control company that manufactures downhole and sub-surface pressure recorders, flow computers, solar powered separator controls, and cyclone separators. The company was founded in 1995 and is headquartered in Medellin, Antioquia.
PurLucid Treatment Solutions is a North American company specializing in innovative water and wastewater treatment systems. It focuses on serving industries such as heavy oil, mining, forestry, and other industrial sectors. The company has developed proprietary technologies that enhance hydrocarbon recovery and provide ultra-filtered water, effectively removing water and solids during the oil recovery process. By offering advanced solutions for water treatment, PurLucid aims to address the specific needs of its clients while promoting sustainable practices in resource-intensive industries.
Since 1998, Ground Effects Environmental Services (GEE) has developed patented technologies and more than 70 ground-breaking in situ remediation technologies in hundreds of sites across Canada.Headquartered in Regina, Saskatchewan, Canada, they lead the way in developing innovative mobile remediation solutions, with a specialty in electrokinetic technologies for frac flowback treatment, salt remediation, drill cuttings treatment and invert drilling mud treatment for the oil and gas, mining and industrial sectors. Ground Effects is built on the belief that innovative+ design means better results.

GreenMantra Technologies

Venture Round in 2017
Based in Brantford, Ontario, GreenMantra™ Technologies utilizes a proprietary thermo-catalytic system and patented process to cost-effectively convert and "up-cycle" waste plastics, including hard-to-recycle materials such as grocery bags and film, into high-value waxes and other specialty chemicals. These materials have a broad range of applications in the coatings, plastics processing, adhesives, roofing and paving industries.

FlyScan

Grant in 2017
Flyscan Systems Inc. develops airborne platform that automates the detection of small oil leaks and offers a series of visual inspection functions. The company was incorporated in 2015 and is based in Québec, Canada.

Saltworks

Grant in 2016
Saltworks Technologies Inc. is a water technology company based in Richmond, Canada, specializing in the design, manufacture, and delivery of advanced desalination and wastewater treatment systems. Founded in 2008, the company provides innovative solutions for treating challenging water conditions, including turnkey crystallizer systems, ion exchange membrane products, and membrane-stack systems. Saltworks offers a range of technologies, including ElectroChem Advanced Electrodialysis systems, salt splitters for recovering previously scale-limited waters, and ammonia splitters for ammonia removal. Its SaltMaker Evaporator Crystallizer is designed for low-temperature wastewater and brine treatment. The company's systems support various applications such as industrial wastewater treatment, zero liquid discharge, and recovery of acids and bases across sectors like agriculture, mining, and food processing. With a global customer base, Saltworks combines smart design and intelligent automation to help clients reduce brine volume, lower disposal costs, and ensure compliance with environmental regulations.

Advonex International

Venture Round in 2016
Advonex International specializes in producing plant-based hydrocarbons aimed at enhancing performance across various personal care and industrial applications. By utilizing non-GMO, sustainably grown seed crops such as canola, soybeans, corn, palm, and coconut, the company offers cost-effective alternatives to traditional materials like waxes, petrolatum, and mineral and silicone oils. Their focus on sustainability and innovation positions them as a valuable partner for businesses seeking to improve their product offerings while contributing to a more sustainable world. The company's dedicated team and flexible operational approach are central to its competitive advantage, enabling the development of effective solutions tailored to client needs.

Opus One Solutions

Grant in 2016
Opus One Solutions Energy Corporation is a software engineering company that specializes in innovative energy management solutions. Founded in 2011 and headquartered in Richmond Hill, Canada, with additional offices in Massachusetts and New York, the company has developed GridOS, a pioneering real-time operating system designed for smart grid applications. GridOS integrates various energy resources, including generation, storage, and demand, with information systems such as sensors and analytics to enhance grid management. The platform supports distributed energy resource management, microgrid operations, and transactive energy functionalities, allowing utilities to optimize energy planning and operations. By leveraging intelligent algorithms for real-time analytics, Opus One Solutions aims to improve grid reliability, efficiency, and sustainability, ultimately facilitating the transition to a cleaner energy future.

Illusense

Grant in 2016
Illusense Inc. develops machine vision technology. It offers ultra-high resolution laser-based internal oil and gas pipeline inspection technology for pipeline maintenance services. The company was founded in 2013 and is based in Vancouver, Canada.

DarkVision

Grant in 2016
DarkVision Technologies Inc. specializes in ultrasound-based imaging technology that creates high-resolution 3D models of oil and gas wells. Founded in 2013 and based in North Vancouver, Canada, the company provides an advanced imaging system capable of detecting various downhole issues such as production tubing defects, casing corrosion, and other obstructions. This technology allows oil and gas operators to visualize the inner workings of their wells, enabling informed decision-making that can lead to reduced operating costs, enhanced production efficiency, and improved well integrity while minimizing environmental impacts. Unlike traditional camera systems, DarkVision's ultrasound imaging can penetrate opaque fluids, making it a more effective tool for downhole diagnostics. As of 2020, DarkVision operates as a subsidiary of Koch Engineered Solutions.

DarkVision

Series A in 2016
DarkVision Technologies Inc. specializes in ultrasound-based imaging technology that creates high-resolution 3D models of oil and gas wells. Founded in 2013 and based in North Vancouver, Canada, the company provides an advanced imaging system capable of detecting various downhole issues such as production tubing defects, casing corrosion, and other obstructions. This technology allows oil and gas operators to visualize the inner workings of their wells, enabling informed decision-making that can lead to reduced operating costs, enhanced production efficiency, and improved well integrity while minimizing environmental impacts. Unlike traditional camera systems, DarkVision's ultrasound imaging can penetrate opaque fluids, making it a more effective tool for downhole diagnostics. As of 2020, DarkVision operates as a subsidiary of Koch Engineered Solutions.

Forge Hydrocarbons

Grant in 2016
Forge Hydrocarbons Corporation is a Canadian company that specializes in producing drop-in renewable diesel fuel using its proprietary Lipid-to-Hydrocarbon (LTH) technology. Founded in 2012 as a spin-off from the University of Alberta, Forge transforms waste fats and low-value organic oils, such as yellow and brown grease, into hydrocarbons that closely resemble traditional petroleum-based products. This innovative approach allows for the efficient production of hydrocarbon fuels, solvents, and chemicals, while significantly reducing emissions compared to conventional petroleum production and combustion. The company targets various sectors, including renewable energy, transportation, and government funding, contributing to cleaner energy solutions. Based in Oakville, Canada, Forge Hydrocarbons aims to provide a sustainable alternative in the energy market.

Char Technologies

Grant in 2015
The Corporation is in the business of producing a proprietary activated charcoal like material (SulfaCHAR), which can be used to removed hydrogen sulfide from various gas streams (focusing on methane-rich and odourous air). The SulfaCHAR, once used for the gas cleaning application, has further use as a sulfur-enriched biochar for agricultural purposes (saleable soil amendment product).

Carbon Engineering

Grant in 2015
Carbon Engineering Ltd. is a Canadian clean energy company established in 2009, headquartered in Squamish, British Columbia. The company specializes in developing and commercializing technology that captures carbon dioxide (CO2) directly from the atmosphere. Its innovative chemical-based CO2 air capture system allows large facilities to address emissions from various sources, facilitating the management of emissions associated with vehicles, airplanes, and buildings. Carbon Engineering's technology includes an air contactor and a regeneration cycle that enables continuous capture of atmospheric CO2 and the production of pure carbon dioxide. Since 2015, the company has been actively removing CO2 from the atmosphere, and as of December 2017, it has also been synthesizing this captured carbon into clean, affordable transportation fuels.

Steeper Energy

Grant in 2015
Steeper Energy Aps is an energy project and technology development company based in Rudersdal, Denmark, with additional offices in Canada and Australia. Founded in 2011, the company specializes in producing advanced biofuels from low-value biomass, including agricultural and forestry residues. Its proprietary Hydrofaction process efficiently converts biomass into renewable fuels with high energy density, facilitating a transition to low-carbon options in the heavy transport sector, where electrification is challenging. Steeper Energy also engages in synthetic crude oil production from emerging resources like algae and cyanobacteria. Additionally, the company provides services related to technology assessment, vendor due diligence, and commercial arrangements, including energy off-take and feedstock procurement. With a focus on reducing carbon emissions and addressing climate change, Steeper Energy aims to contribute to a sustainable transport future while leveraging its partnerships and expertise in the field.

Orbite Technologies

Grant in 2015
Orbite is a Canadian clean technology based mineral-processing and resource development company whose innovative and proprietary processes are expected to produce alumina and other high-value products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud, fly ash as well as serpentine residues from chrysotile processing sites. The company aims to become a key player in the minerals processing industry by commercializing their technology that addresses inefficiencies, supply issues and environmental liabilities Orbite is currently in the process of finalizing its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Québec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallée deposit. The Company’s portfolio contains 16 intellectual property families, including multiple patents and pending patent applications in various countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, Japan and Russia. The Company also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.

Fractal Systems

Grant in 2015
Fractal Systems Inc., a heavy oil technology company, develops, patents, and deploys solutions to improve producer margins, de-bottleneck infrastructure, and provide flexibility associated with the transportation of heavy oil and bitumen. It offers JetShear, a commercial ready suite of technologies that improve bitumen product quality and lower bitumen viscosity allowing processed fluids to move more freely in transport pipelines. The company was founded in 2006 and is based in Sherbrooke, Canada with an additional offices in Calgary, Canada; and a laboratory in Sherbrooke, Canada.
Developer of a dewatering technology designed to offer dewatering and decontamination using electrokinetics. The company's technology specializes in application to a wide range of industrial situations where difficult-to-dewater slurries, sludge, and unstable clay soil conditions are present, enabling oil sand producers to manage tailing from oil sands and other mining operations.

Enerkem

Debt Financing in 2013
Enerkem Inc., a development stage company, focuses on the development and production of renewable biofuels and chemicals from waste. The company primarily focuses on the commercial production of cellulosic ethanol. Its proprietary thermochemical process converts waste into biofuels and chemicals. The company has a strategic partnership with NOVA Chemicals Corporation. The company is based in Montreal, Canada.

Borealis GeoPower

Grant in 2013
Borealis GeoPower Inc., founded in 2007 and based in Calgary, Canada, specializes in project consulting services for high temperature geothermal energy projects. The company focuses on the development of geothermal resources, offering expertise to facilitate the successful execution of geothermal energy initiatives across the country.

Hydrostor

Seed Round in 2012
Hydrostor Inc. is a company based in Toronto, Canada, specializing in Advanced Compressed Air Energy Storage (A-CAES) technology that addresses the growing demand for reliable and sustainable electricity solutions. Founded in 2010, Hydrostor's innovative approach allows for the conversion of electrical energy into compressed air, which can be stored and later converted back into energy during peak demand periods. This technology is designed to facilitate the integration of renewable energy sources, optimize grid operations, and provide essential services such as dispatchable capacity and transmission deferral. Hydrostor's solutions are applicable in various contexts, including repurposing retired fossil fuel plants and serving large industrial operations and mining facilities. The company operates primarily in the United States, Australia, and Canada and collaborates with leading engineering and construction providers to deliver comprehensive energy storage solutions.

Westport Innovations

Grant in 2011
Westport engineers the world's most advanced natural gas engines and vehicles. More than that, we are fundamentally changing the way the world travels the roads, rails and seas. We work with original equipment manufacturers worldwide from design through to production, creating products to meet the growing demand for vehicle technology that will reduce both emissions and fuel costs.

Saltworks

Grant in 2010
Saltworks Technologies Inc. is a water technology company based in Richmond, Canada, specializing in the design, manufacture, and delivery of advanced desalination and wastewater treatment systems. Founded in 2008, the company provides innovative solutions for treating challenging water conditions, including turnkey crystallizer systems, ion exchange membrane products, and membrane-stack systems. Saltworks offers a range of technologies, including ElectroChem Advanced Electrodialysis systems, salt splitters for recovering previously scale-limited waters, and ammonia splitters for ammonia removal. Its SaltMaker Evaporator Crystallizer is designed for low-temperature wastewater and brine treatment. The company's systems support various applications such as industrial wastewater treatment, zero liquid discharge, and recovery of acids and bases across sectors like agriculture, mining, and food processing. With a global customer base, Saltworks combines smart design and intelligent automation to help clients reduce brine volume, lower disposal costs, and ensure compliance with environmental regulations.

Nexterra

Venture Round in 2009
Nexterra develops, manufactures and delivers advanced gasification systems that enable customers to self-generate clean, low cost heat and power at industrial and institutional facilities using waste fuels. In an era of higher energy prices, this means dramatically lower costs, higher operating margins and less reliance on fossil fuels and grid-purchased electricity. Furthermore, by using renewable biomass fuels such as wood waste, customers can dramatically reduce their carbon footprint.

Woodland Biofuels

Seed Round in 2007
Woodland Biofuels Inc. is a privately-owned Canadian company based in Toronto, established in 2000. It specializes in producing renewable fuel by converting waste biomass into cellulosic ethanol and other high-value products. The company has developed and patented an efficient, low-cost technology that utilizes materials such as wood chips and agricultural waste, positioning it to become North America's lowest-cost producer of cellulosic ethanol. Woodland Biofuels aims to build, own, and operate its own cellulosic ethanol plants while also exploring selective licensing opportunities for its innovative technology.
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