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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
business modelManufacturingsectorHydrogensectorSustainable Development GoalssectorCarbon Capture and StoragesectorClimate TechsectorHydrogen (Not Green)sectorPoint SourcesectorHydrogen ProductionsectorHard TechsectorDT and LSsectorscience-basedindustryEnergyclient focusb2btechnologyHardware

Valuation & funding

Ekona Power funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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
Showing 8 recorded eventsUnlock the complete deal 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%
Monthly website visits73 observations · Jun 2020–Jul 2026
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Comparisons

Ekona Power compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

Ekona Power's talent

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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.

Investors

12 investors on Ekona Power's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 4 investors entered at this stage
Evok Innovations
Government of Canada
Alberta Innovates
NorthX Climate Tech
Series A 8 investors entered at this stage
BDC Capital
Baker Hughes
Mitsui Global Investment
Continental Resources
NGIF Cleantech Ventures
TransAlta
ConocoPhillips
Severstal

Global footprint

Where Ekona Power has talent and traffic

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

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.

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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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