# Ayrton Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ayrton-energy

- Industry: Renewable Energy
- Headquarters: Calgary, Canada
- Website: www.ayrtonenergy.com/
- Total disclosed funding: $6.7M
- Latest round: Seed (Sep 24, 2024)
- Investors on record: 7

## About

Founded in 2021 and based in Alberta, Canada, Ayrton Energy operates as a platform that engages in sustainable hydrogen storage. Natasha Kostenuk (CEO) and Brandy Kinkead (CTO) are the co-founders of the company. In September 2024, Ayrton Energy raised CAD 9.1 million in seed funding co-led by new investors BDC Capital and Clean Energy Ventures, with participation from other new investors Antares Capital, EPS Ventures, The51 Ventures, and University of Calgary Endowment. Returning investor SOSV and other unspecified investors also participated in the round.

The company's primary technology, Liquid Organic Hydrogen Carrier (LOHC), provides a scalable method for storing and transporting hydrogen over long distances. This technology accelerates the transition to a hydrogen-powered future. The LOHC system simplifies hydrogen logistics by enabling its safe handling, minimizing energy losses, and facilitating long-term storage without high pressure or extreme temperatures. The firm’s partners include Clean Energy Ventures, SOSV, BDC, Mars, EPS Ventures, and others.

The organization plans to use the September 2024 funding to expand its market presence across the US.

## Funding rounds

- Seed, Sep 24, 2024, $6.7M — BDC Capital, Antares Capital, University of Calgary Endowment, SOSV, Clean Energy Ventures, 51 Ventures, EPS Ventures

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed
- Antares Capital — Seed
- University of Calgary Endowment — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Clean Energy Ventures (https://capitalatlas.ai/funds/clean-energy-ventures) — Seed
- 51 Ventures (https://capitalatlas.ai/funds/51-ventures) — Seed
- EPS Ventures (https://capitalatlas.ai/funds/eps-ventures) — Seed