We're pleased to announce our investment in Enurgen, a deep-tech climate software company built on advanced photovoltaic modeling engines developed within UOttawa’s SUNLAB research group.
Highlights
Founded: 2023
HQ: Ottawa, ON
Funding: 2025 | USD$4.1M Seed Financing
Investors: Co-led with BDC Capital and Diagram Climate
The Story So Far
Utility-scale solar has entered a phase of rapid global expansion, yet the industry confronts a systematic performance gap: projects consistently underdeliver against pre-construction energy forecasts, creating billions in lost revenue each year.
A major contributor to this gap is the continued reliance on legacy modeling tools built on 2D geometry, hourly time-steps, and simplified assumptions that no longer reflect the complexity of modern solar plants.
Enurgen was created to address this problem with a new standard of precision. Built on 8 years of research, Enurgen’s novel 3D physics-based model unlocks higher energy yields from design through operations, with bankable precision.
Early adoption from major global players and ongoing third-party validation efforts underscore the industry’s need for more reliable modeling tools and Enurgen’s potential to become a foundational layer for next-generation solar development and asset management.
Our Thesis
Our investment in Enurgen is driven not only by the pressing need for higher-fidelity solar modeling and better performance, but by the strength and domain expertise of the team building it. As the industry evolves and expectations for accuracy continue to rise, the opportunity demands teams who combine deep technical grounding with a clear understanding of how developers, asset owners, and engineers operate in practice.
Enurgen’s platform reflects this combination. The DUET modeling engine blends scientific depth with enterprise usability, a direct outcome of the team’s years of research in photovoltaic performance and their exposure to the commercial realities of large-scale solar deployment. Their ability to translate complex academic advances into practical, cloud-based products is a key differentiator in a market where credibility and defensibility matter.
The founding team's technical credentials, commercial traction trajectory with industry-leading counterparties, and execution velocity give us strong confidence in their ability to scale a defensible, IP-driven platform within an increasingly sophisticated and capital-intensive market. Their ability to remove unexplained losses across the plant lifecycle while maintaining bankable precision positions them to become foundational infrastructure for the next generation of solar development and asset management.
The investment
We are pleased to have co-led Enurgen’s seed financing. This round will accelerate product development, expand the engineering and customer success teams, and support go-to-market initiatives across key geographies to meet the growing demand.
We're excited to partner with the Enurgen team as they establish a new standard for solar energy modeling and drive measurable impact across the global renewable energy ecosystem.
More from Behind the Scenes
