Enurgen secured a $4.1 million seed round, which the Ottawa-based company plans to use to advance global expansion of its energy yield performance software for the solar industry. Business Development Bank of Canada, Brightspark and Diagram co-led the financing round, and MaRS IAF also contributed.
Founded in 2022, Enurgen aims to address the solar industry’s demand for accurate energy yield models. Backed by a physics-based approach, its platform is designed to enable high-resolution, 3D solar irradiance modeling. The technology allows users to capture performance insights that can be used to optimize the entire lifecycle for utility-scale solar assets.
“This funding marks a major milestone for Enurgen. In an era dominated by AI and LLMs, it’s crucial to recognize that critical systems like energy infrastructure continue to rely on physics-based models for accurate and deterministic outputs,” Enurgen CEO and Co-Founder Kibby Pollak said in a statement.
