Canada’s energy storage market is on the brink of substantial expansion, driven by increasing demand for electricity from electric vehicles, hydrogen production, and industrial use. This growth is further supported by many excellent storage manufacturers entering the field.
With a target of net-zero emissions by 2050, energy storage is vital for enhancing grid reliability and integrating renewables. Currently, Canada''s installed storage capacity is under 1 GW, but projections indicate a need to boost it to over 12,000 MW by 2030, making the market ripe for development and financing.
This article will mainly explore the top 10 energy storage companies in Canada including TransAlta Corporation, AltaStream, Hydrostor, Moment Energy, e-STORAGE, Canadian Renewable Energy Association, Kuby Renewable Energy, e-Zinc, Selantro, Discover Battery. You can also check top 10 energy storage companies in Europe; top 10 energy storage manufacturers in USA; top 10 energy storage manufacturers in the world; top 10 energy storage manufacturers in Spain.
Company profile:TransAlta Corporation, headquartered in Calgary, Alberta, is a leading electricity generator and wholesale marketer operating 76 power plants across Canada, the U.S., and Australia. With over 112 years of experience, it is one of North America’s largest renewable energy producers, specializing in hydro, wind, solar, and natural gas generation, producing approximately 7,300 MW of electricity.
The company is committed to providing clean, low-cost, and sustainable energy solutions that align with operational and environmental sustainability goals, making it a reliable partner for businesses seeking efficient energy investments.
Company profile:AltaStream, founded in 2003, delivers tailored energy and automation solutions for diverse clients, from start-ups to large corporations. With expertise in power generation and system development, it focuses on providing efficient, automated solutions that adapt to the growing role of renewables and energy storage.
Specializing in advanced microgrid systems, AltaStream integrates power generation, renewable energy, and storage with smart management tools. These solutions help commercial and industrial clients optimize energy use, lower costs, and enhance reliability, supporting a transition to more sustainable and resilient energy models.
Company profile:Hydrostor is a global leader in long duration energy storage, using its patented Advanced Compressed Air Energy Storage (A-CAES) technology to deliver reliable, clean energy for 8 hours or more. This solution helps reduce carbon emissions and ensures power availability even when solar and wind resources are low.
The company is advancing two major projects: the 200 MW Silver City Energy Storage Centre in Australia (expected in 2027) and the 500 MW Willow Rock Energy Storage Center in California (expected in 2030). It also operates a fully functional facility in Goderich, Ontario.
Company profile:Moment Energy focuses on sustainable energy solutions through its Flora Battery Energy Storage System (BESS), which repurposes retired electric vehicle batteries. This cutting-edge system serves various sectors, including commercial and industrial applications, helping users cut energy costs and maintain continuous power supply both on and off the grid.
By harnessing second-life EV batteries, Moment Energy supports the clean energy transition while providing a more efficient alternative to traditional lead-acid batteries. This approach not only minimizes maintenance needs but also promotes a greener future.
Company profile:e-STORAGE, a subsidiary of Canadian Solar, specializes in the design and manufacturing of battery energy storage system design for utility scale battery storage applications. With the global demand for energy storage set to grow significantly by 2030, e-STORAGE is well-positioned to deliver innovative storage solutions that meet the evolving needs of its customers.
Central to its offerings is SolBank, a lithium-iron phosphate battery designed for utility-scale efficiency. e-STORAGE also provides optional turnkey engineering, procurement, and construction (EPC) services, aiming to enhance grid operations and promote sustainable energy integration through high-quality, reliable, and environmentally friendly solutions.
Company profile:The Canadian Renewable Energy Association (CanREA) advocates for a modern, decarbonized energy system in Canada, representing the wind, solar, and energy storage sectors. Established on July 1, 2020, from the merger of the Canadian Wind Energy Association and the Canadian Solar Industries Association, CanREA unites these voices to drive stakeholder engagement and public support.
CanREA’s diverse membership delivers clean, low-cost, and reliable energy solutions, meeting Canada''s evolving needs with scalable and adaptable options. The organization works to create conditions for an expanded electricity system that integrates renewable energy and storage, ensuring a sustainable energy future.
Company profile:Kuby Renewable Energy is committed to advancing Canada’s shift to clean energy by promoting solar power and renewable technologies. Founded by former oil and gas professionals, Kuby focuses on a transition that balances environmental benefits, economic viability, and positive social impact for communities, homeowners, and businesses.
As a leading solar contractor in Western Canada, Kuby delivers turn-key renewable energy systems for residential and commercial clients across Alberta, British Columbia, Saskatchewan, and the Northwest Territories. The company emphasizes high-quality installations by certified electricians, ensuring compliance with Canadian standards. Kuby''s goal is to make the switch to solar easy and efficient, helping clients reduce their carbon footprint and save on energy costs.
Company profile:e-Zinc, founded by Dr. Gregory X. Zhang, is a Toronto-based energy company dedicated to a clean, affordable, and reliable energy future. Its innovative zinc-based technology stores energy in zinc metal, an abundant, low-cost, and recyclable material, offering a sustainable alternative to fossil fuels.
This long-duration storage solution supports the transition to renewable energy by providing a flexible and durable option for storing power. e-Zinc''s mission is to bridge the gap between today''s energy needs and a zero-carbon future, making renewable energy more accessible and reliable for global markets.
Company profile:Selantro focuses on enhancing the sustainability of energy storage solutions while reducing their environmental impact. The company develops innovative and cost-effective systems using abundant natural resources, offering alternatives to traditional capacitors and batteries for applications in medical devices, wearable sensors, microgrid storage, and electric vehicles.
Additionally, Selantro is advancing hydrogen energy technologies by converting renewable electrical energy into hydrogen with a low-impact innovative membrane. Their team is dedicated to creating sustainable solutions, such as biogel EDLCs and hydrogen generation systems, to address the rising demand for cleaner energy storage in an increasingly electrified world.
Company profile:Discover Battery has transformed from a regional distributor, founded in 1949, into a leading manufacturer of advanced battery technologies for transportation and energy storage. Their products, including high-value lead-acid and lithium solutions, are designed in certified facilities across Asia and distributed globally.
With over 70 years of expertise, Discover Battery develops customized energy storage solutions for diverse applications, ensuring reliable delivery to meet customer needs and supporting the transition to cleaner energy sources.
Huntkey, headquartered in Shenzhen, China, is a major player in the energy storage industry with extensive operations across multiple regions, including Taiwan, the United States, Japan, Brazil, Vietnam, and Argentina. As the top battery energy storage system manufacturer, The company is renowned for its comprehensive energy solutions, supported by advanced industrial facilities in Shenzhen, Heyuan, and Hefei.
Grevault, a subsidiary of Huntkey, is a leader in the battery energy storage sector. The company specializes in the design, development, and manufacturing of energy storage systems for residential, industrial, and commercial applications. Grevault’s solutions are known for being efficient, cost-effective, and reliable, making them a top choice for businesses aiming to reduce energy costs while maintaining high standards in energy management.
In short, Canada’s energy storage industry is thriving, with a number of leading companies that are pushing the boundaries in innovation and sustainability.
Grevault, a Huntkey subsidiary, is a leader in battery energy storage, specializing in the design, development and manufacturing of energy storage systems for residential, industrial and commercial applications, and is known for its efficiency, economy and reliability, making it the first choice for companies seeking to reduce energy costs.
With the increasing demand for clean energy solutions, choosing Huntkey allows customers to not only participate in the clean energy transition, but also enjoy the benefits of high standards of energy management.
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