Enurgen, an Ottawa-based developer of advanced solar energy yield performance software, announced it has closed a $4.1 million seed funding round to fuel global expansion and accelerate its product roadmap. The funding round was co-led by the Business Development Bank of Canada (BDC), Brightspark Ventures, and Diagram Ventures, with participation from MaRS IAF.
The company’s flagship software platform provides the solar industry’s most accurate energy yield modelling, leveraging physics-based simulation to predict and optimize power generation across the full lifecycle of solar assets. The funding will be used to scale operations globally and enhance Enurgen’s proprietary modelling capabilities, which have already positioned it as a leader in precision solar analytics.
The timing of the investment aligns with a pivotal moment in the global solar market. As adoption of solar photovoltaic (PV) systems accelerates worldwide, the industry faces mounting challenges such as declining incentives, increasingly complex project designs, and downward pressure on Power Purchase Agreement (PPA) prices. Many projects continue to underperform financially, exposing a need for more accurate modelling tools that can bridge the gap between expected and actual energy yields.
Enurgen’s solution is designed to address this “model-to-field” discrepancy. The platform integrates high-resolution, 3D solar irradiance modelling, capable of scaling from individual cells to gigawatt-scale ($1B+) power plants. By accounting for real-world conditions and physics-driven performance variables, Enurgen’s software delivers deterministic results that improve financial predictability and optimize long-term asset returns.
Founded in 2022, Enurgen combines a decade of academic R&D with commercial focus, offering a critical layer of accuracy and reliability for solar developers, asset managers, and investors navigating an increasingly competitive renewable energy landscape. With the seed funding in place, the company plans to accelerate adoption among global utility-scale operators and expand into new markets where grid-scale solar performance optimization is in high demand.
KEY QUOTES:
“This funding marks a major milestone for Enurgen. In an era dominated by AI and LLMs, it’s crucial to recognize that critical systems like energy infrastructure continue to rely on physics-based models for accurate and deterministic outputs.”— Kibby Pollak, CEO and Co-Founder, Enurgen
“Solar PV is becoming the dominant (renewable) energy source, with panel costs plummeting faster than almost any technology in history—yet the software ecosystem remains stuck in the past. Enurgen’s unique blend of deep academic R&D and strong commercial execution positions them perfectly to deliver the advanced 3D modelling infrastructure the industry desperately needs.”— Éléonore Jarry, Partner, Brightspark Ventures