Ekona Power
PrivateLast Round
Grant
Dec 4, 2024
Total Funding Raised
$70.91M
Company Overview
Ekona Power Inc. is a Canadian clean technology company developing a novel methane pyrolysis platform to produce low-cost, clean hydrogen from natural gas. The company's proprietary pulsed methane pyrolysis (PMP) process uses combustion and high-speed gas dynamics to convert methane into hydrogen and solid carbon, which significantly reduces greenhouse gas emissions compared to traditional steam methane reforming. This technology is designed to be scalable and deployable wherever natural gas infrastructure exists, without the need for carbon capture and sequestration (CCS) or large amounts of water. Ekona is targeting hard-to-decarbonize industrial sectors such as energy, petrochemicals, agriculture, and transportation. The company is actively developing its technology, with plans to deploy its first commercial demonstration plant in 2026.
Sector
Energy & Sustainability
Verticals
Alternative Fuels, Clean Manufacturing, Sustainable Materials
Business Model
B2B
Customer Profile
Hardware Sales, Services & Consulting, Government Contracts
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Ekona Power Comps
Public and private peers based on sector, stage, and business model.
Ekona Power Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Grant | Dec 4, 2024 | ||||
| Grant | Jul 9, 2024 | ||||
| Series A | Jan 28, 2022 | ||||
| Convertible Debt | Jan 19, 2021 | ||||
| Grant | Jun 21, 2020 |
Key People
Founding team and executive leadership
Ekona Power Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| NGIF Capital Corporation | Series A |
| BDC Capital | Convertible Debt, Series A |
| Alberta Innovates | Grant |
| BDC Capital Management | Series A |
| Emissions Reduction Alberta | Grant |
| Evok Innovations | Seed |
| NGIF Cleantech Ventures | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Oct 1, 2025
Collaboration announced with Toho Gas, starting October 1, 2026.
- Jul 9, 2025
Recognized as a winner of the 2025 Canadian Business Innovation Award.
Ekona Power Filings
SEC and related filings with document metadata.
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|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Ekona Power's valuation, stock price, and market status.
