# Kanin Energy

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

- Industry: Renewable Energy
- Headquarters: Calgary, Canada
- Website: www.kaninenergy.com
- Total disclosed funding: $100M
- Latest round: Series A (Sep 16, 2026)
- Investors on record: 2

## About

Based in Alberta, Canada, and founded in 2020 by CEO Janice Tran and CDO Daniel Fipke, Kanin Energy, Inc. operates as a clean technology company that provides waste heat to power and other decarbonization projects for heavy industry to reduce their climate footprint. Kanin Energy specializes in providing integrated solutions for industrial decarbonization, primarily through its Waste Heat to Power (WHP) systems. These systems capture industrial waste heat and convert it into clean electricity, enhancing energy efficiency while reducing greenhouse gas emissions. By transforming waste heat into usable energy, Kanin addresses the challenges faced by heavy industries, including natural gas, cement, metals, refineries, chemicals, hydrogen, and glass manufacturing. In September 2026, Kanin Energy, Inc raised CAD 138 million n venture funding led by S2G Ventures, with participation from Public Sector Pension Investment Board. The company's expertise includes the design, construction, and operation of WHP facilities, with services tailored to the unique needs of each industrial client. Kanin Energy's revenue model is built around its energy-as-a-service (EaaS) offering, allowing clients to access waste heat recovery solutions without upfront capital investment. The company will use the funding to advance projects that convert industrial waste heat into reliable, carbon-free power for heavy industry facilities. The company plans to utilize September 2026 funding to develop, build, and operate waste heat-to-power and other on-site power projects across industrial facilities in Canada and the United States.

## Funding rounds

- Series A, Sep 16, 2026, $100M — Public Sector Pension Investment Board, S2G Ventures

## Investors

- Public Sector Pension Investment Board — Series A
- S2G Ventures (https://capitalatlas.ai/funds/s2g-ventures) — Series A