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Ekona Power
Energy · Burnaby, Canada · Founded 2017
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 MoreLess
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.
Keywords: Clean Energy, Hydrogen Production, Decarbonization, Heavy Industry, Energy Sector, Methane Pyrolysis, xCaliber Reactor, Greenhouse Gas Reduction, Net-Zero Targets, Cost-Effective Solution.
Company overview
Ekona Power company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- Burnaby, Canada
- Employees
- 52
- Open positions
- None listed
- Dealroom signal
- 34.2
Valuation & funding
Ekona Power funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANTOther financing | Nov 2024 | $0 | — | NorthX Climate Tech | ↗ |
| GRANTOther financing | Apr 2024 | $1M | — | Alberta Innovates | ↗ |
| EARLY VCOther financing | Feb 2022 | $58M | $232M | BDC Capital · Mitsui Global Investment · Continental Resources · Baker Hughes | ↗ |
| EARLY VCOther financing | Nov 2021 | $0 | — | Baker Hughes | — |
| CONVERTIBLEOther financing | Jan 2021 | $3M | — | BDC Capital | ↗ |
| GRANTOther financing | Sep 2020 | Undisclosed | — | ||
| SEEDOther financing | Feb 2020 | Government of Canada | ↗ | ||
| SEEDOther financing | Oct 2017 | Evok Innovations | — |
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.
Comparisons
Ekona Power compared with similar companies
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Talent graph
Ekona Power's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Ekona Power has talent and traffic
team presence
In the news
Latest news about Ekona Power
Recent press, funding announcements, and product moves mentioning Ekona Power — open to read from the original sources.
Market sentiment
What the market is saying about Ekona Power
An AI-synthesized read of the highest-engagement posts about Ekona Power on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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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