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Ekona Power

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Creating a new solution to producing industrial scale hydrogen that is both low-cost and clean by converting natural gas into hydrogen, clean power, and pure CO2 that can be easily stored or used

Burnaby, CanadaFounded 2017Energy
Valuation $100–250M Last recorded · 2022
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Ekona Power and the history behind them.

About Ekona Power

Ekona Power is a pioneering startup that is revolutionizing the energy sector by decarbonizing hydrogen production. The company's primary focus is on serving heavy industries and the energy sector, which are traditionally high carbon-emitting industries. Ekona operates in the clean energy market, specifically in the hydrogen production segment.

The company's business model is centered around its proprietary xCaliber reactor, which can be deployed wherever there is natural gas infrastructure. This reactor uses a process called methane pyrolysis, which splits natural gas into clean hydrogen and solid carbon. This process is unique as it requires no water for hydrogen production, uses minimal electricity, and doesn't rely on CO2 sequestration infrastructure to make it clean.

Ekona's solution is not only environmentally friendly but also cost-effective. It produces 90% fewer greenhouse gas (GHG) emissions than traditional steam methane reformers and is cheaper than blue hydrogen solutions. The company's solution is also scalable and can be easily integrated into existing systems, making it suitable for large-scale, industrial applications.

Ekona generates revenue by selling its clean hydrogen production solution to heavy industries and the energy sector. The company's solution helps these industries meet their net-zero targets while also reducing their operational costs.

In summary, Ekona Power is a clean energy startup that is helping industries decarbonize their operations by providing a cost-effective and scalable solution for clean hydrogen production.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Burnaby, Canada
Employees
52
Open positions
None listed
Dealroom signal
34.2/100
Industry
Energy
Sector
Energy, Hydrogen, Sustainable Development Goals, Carbon Capture and Storage, Climate Tech, Hydrogen (Not Green), Point Source, Hydrogen Production, Hard Tech, DT and LS, science-based
Technology
Hardware
Business model
Manufacturing
Client focus
b2b

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing Nov 2024 $0 — NorthX Climate Tech ↗
GRANTOther financing Apr 2024 $1M — Alberta Innovates ↗
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Growth signals

Ekona Power website traffic

Latest recorded traffic for Ekona Power is 1.6K monthly website visits, down 11.1% over the last three months. Ekona Power's team declined 3.7% over the past year.

Latest monthly visits1.6K 3-month web change-11.1% 1-year team growth-3.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Evok Innovations
  • Government of Canada
  • Alberta Innovates
  • NorthX Climate Tech

Series A8 investors entered at this stage

  • BDC Capital
  • Baker Hughes
  • Mitsui Global Investment
  • Continental Resources
  • NGIF Cleantech Ventures
  • TransAlta
  • ConocoPhillips
  • Severstal
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇨🇦 Canada84.2%
🇺🇸 United States7.9%
🇮🇹 Italy5.3%
🇮🇷 Iran2.6%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Ekona Power on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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