June 28, 2019 – Halifax, NS – Atlantic Canada Opportunities Agency
Atlantic Canadian businesses that embrace clean technologies open new markets, reduce carbon emissions and create good-paying jobs, while promoting a growing sustainable economy. Dedicated to helping businesses and consumers improve their energy efficiency with its proprietary software energy solutions, Toronto-based EnergyX Solutions Inc. is expanding its presence in Atlantic Canada and the eastern United States.
EnergyX Solutions’ software technology determines how a building is using energy and identifies ways it can improve its overall performance. The end result is less energy consumption, fewer greenhouse gas emissions and cost savings for businesses and home owners. The Government of Canada is supporting EnergyX Solutions as it establishes a business development and customer support team in Halifax. This builds on the progress the company has made in regional Canadian markets and will help it expand its customer base in the US. The project will create up to six highly skilled, full-time jobs in Halifax.
Today, Andy Fillmore, Parliamentary Secretary to the Minister of Canadian Heritage and Multiculturalism and Member of Parliament for Halifax, announced the Government of Canada’s support for EnergyX Solutions Inc. The announcement was made on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA).
Economic growth and the creation of good jobs for Atlantic Canadians require innovation and diversification. Support for this project is one way the Government of Canada is working to help businesses scale-up, increase productivity and participate in the innovation economy. Projects like this also contribute to the Atlantic Growth Strategy outcome of long-term economic prosperity in the region.
“Investing in clean technology is a priority for the Government of Canada, as is encouraging sustainable growth by diversifying the economy. Support for this project will enable Canadians to embrace energy efficiency by giving them greater access to products and services that will reduce their carbon footprint. Companies like EnergyX Solutions Inc. are helping us build a better – and cleaner – country with a thriving middle class.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
“Embracing clean technology projects makes good business sense. By promoting more energy efficient buildings, EnergyX Solutions is helping Canadians proactively protect the environment, generate prosperity at home and further Canada’s commitment to a low-carbon economy.”
– Andy Fillmore, Parliamentary Secretary to the Minister of Canadian Heritage and Multiculturalism and Member of Parliament for Halifax
“EnergyX has strong roots in Atlantic Canada, evidenced by our work with organizations such as EfficiencyOne and efficiencyPEI that have licensed our technology to help buildings across the Maritimes become more energy efficient. The funding from ACOA will help us set up our second Canadian office out of Halifax, significantly grow our team and have greater access to utilities in the East Coast, with the eventual goal of helping homes and businesses take action towards energy conservation.”
– Nishaant Sangaavi, CEO, EnergyX Solutions Inc.
EnergyX Solutions Inc. has created multiple online platforms that enable utilities and other stakeholders to engage with their customers; help them understand energy use; and provide ways to increase efficiencies and save money.
EnergyX Solutions is establishing an office in Atlantic Canada because 40% of the company’s current sales prospects are located in Atlantic Canada and eastern United States. The company currently employs 25 people.
EnergyX Solutions successfully graduated from the Creative Destruction Lab (CDL-Atlantic) in 2018.
EnergyX Solutions is receiving a $500,000 repayable contribution through the Regional Economic Growth through Innovation (REGI) program.
The Business Scale-up and Productivity stream of the REGI program supports businesses at various stages of development, including high-growth firms, to accelerate their growth, help them scale-up and enhance their productivity and competitiveness in both domestic and global markets.
The REGI program continues to build on the objectives of the Government of Canada’s Innovation and Skills Plan.