Nu E Power

What Nu E Power does

Nu E Power Corp. is a Calgary-headquartered, publicly-listed (CSE: NUE) hybrid energy infrastructure and merchant banking platform that originates, develops, and advances utility-scale power projects — primarily hybrid solar plus battery energy storage systems (BESS) — in markets where power demand is outpacing grid capacity. The company operates a stage-gated development model that deploys capital sequentially from strategic site positioning through feasibility, permitting, grid interconnection, and infrastructure readiness milestones, then monetizes project stakes to capital sponsors before capital-intensive construction phases. Its named project portfolio includes Lethbridge One (operational solar), Lethbridge Two (12 MW, fully permitted), and Lethbridge Three (155 MW, fully permitted) in Alberta; the Hanna Solar & BESS project (336 MW gross) also in Alberta; and the Darkhan Energy Park (600 MW hybrid) in Mongolia, collectively representing roughly 614 MW net / 1.1 GW gross of working interest across five countries (Canada, Mongolia, Malaysia, Brazil, Nigeria).

Nu E generates revenue primarily through long-term Power Purchase Agreements (PPAs) structured with minimum monthly take-or-pay terms, targeting three core customer segments: utility networks in supply-constrained markets (notably Alberta), AI infrastructure and data center operators requiring reliable dedicated power, and digital asset mining / high-performance computing operators. A secondary revenue mechanic operates as merchant banking: pairing the project pipeline with a global network of capital sponsors to pool one-off project financings into staged portfolios, monetizing stakes as projects advance through development. Distribution is entirely direct B2B enterprise sales via bespoke PPA negotiations and co-development agreements (e.g., Green Harbor Partners for the 503.5 MWac Alberta portfolio, Digital Asset Solutions for a 17 MW Lethbridge 2 PPA, Tsegtskharaa LLC for Darkhan Energy Park in Mongolia).

The company is in early-stage operational status: only Lethbridge One is in commercial operation, total headcount is in the 1-10 range, cash on hand was approximately $469,037 in mid-2026, and the company has funded development through a series of small private placements (~$1.85M CAD aggregate across late 2025 / early 2026) plus a USD 6.2M debt facility from Global Green Asset Finance. Leadership transitioned in late 2025 with Broderick Gunning appointed CEO alongside the ACT Mid Market Ltd. acquisition that took the portfolio past 1 GW; Hon. Tony Clement joined the Board in December 2025 to support advanced energy and SMR strategy. The company faced a Management Cease Trade Order from the Alberta Securities Commission (May 2026) that was revoked in June 2026 after delayed filings were completed. The October 2025 acquisition of Blu Dot Systems Inc. was unwound in February-March 2026, with 29.5 million consideration shares cancelled and a strategic refocus on the merchant banking energy infrastructure model.

Name

Nu E Power

Legal name

NU E Power Corp.

Website

https://nu-ecorp.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Nu E Power Corp. is a Calgary-based, publicly-listed (CSE: NUE) hybrid energy infrastructure and merchant banking platform that develops utility-scale solar and battery storage projects in supply-constrained power markets, monetizing long-term PPAs to utilities, data centers, AI infrastructure operators, and digital asset miners across Canada, Mongolia, Malaysia, Brazil, and Nigeria.

Ownership category

akta.pro rank

Product category

Renewable Energy Infrastructure

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911), Finance Services (6199)

akta.pro primary industry

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

akta.pro secondary industry

Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)

Keywords

• Renewable energy infrastructure
• Solar power generation
• Battery energy storage
• Power purchase agreements
• Energy project development

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Power Purchase Agreements (PPAs): NUE generates revenue by developing power generation projects and entering into long-term power purchase agreements with utility companies, data center operators, AI infrastructure providers, and digital asset mining companies. PPAs include minimum monthly take-or-pay structures providing revenue certainty.
2. Project Monetization and Merchant Banking: NUE operates as a merchant banking platform for energy infrastructure, originating and advancing early-stage power projects and monetizing its stake as projects approach capital-intensive construction phases. The company pairs its project pipeline with a global network of capital sponsors to pool project financings into staged portfolios ready for incremental advancement and funding.
3. Project Funding and Debt Financing: The company secures project funding through debt financing agreements with financial partners to support corporate acquisitions and project development. $6.2 million debt financing agreement with Global Green Asset Finance Ltd. for project funding.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

NU E Power Corp. is a hybrid energy infrastructure and merchant banking platform that originates, develops, and advances utility-scale solar and battery storage energy projects for sale of power via long-term power purchase agreements. The company pairs a pipeline of owned or optioned energy interests with a global network of capital sponsors, pooling one-off project financings into staged portfolios advanced through a stage-gated development model.

Product overview

NU E Power is a hybrid energy infrastructure and merchant banking platform focused on originating, advancing, and monetizing power and energy park opportunities. The company operates through a stage-gated development model, advancing opportunities from strategic site positioning through feasibility studies, grid and permitting progression, and infrastructure readiness milestones. The core product portfolio includes five named energy projects: Lethbridge One (operational), Lethbridge Two (12 MW), and Lethbridge Three (155 MW) solar projects in Alberta, Canada; Hanna Solar & BESS (336 MW) combining solar with battery storage; and Darkhan Energy Park (600 MW hybrid) in Mongolia. The company targets markets with growing energy demand serving compute-intensive applications, AI infrastructure, and hyperscale power loads.

Differentiator

Problem solved

Functional benefit

Products and services

• Lethbridge One
• Lethbridge Two
• Lethbridge Three
• Hanna Solar & BESS
• Darkhan Energy Park

Quantifiable outcome

• 503.5 MWac Alberta solar portfolio under LOI with Green Harbor Partners, with valuation expected to escalate from US$50,000–$150,000 per MW currently to US$158,000–$395,000 per MW upon achieving 70% PPA coverage.
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Digital Asset SolutionscoreStrategic or Co-development Partner · 27 May 2026Non-binding LOI for up to 17 MW power purchase agreement at Lethbridge 2 site, targeting Q3 2026 commercial operation for grid-sourced power delivery to modular HPC and digital asset mining infrastructure. Two-phase agreement with Phase 2 envisioned to integrate on-site solar generation and battery storage. Conditional on JV partner consent, Fortis Alberta capacity confirmation, regulatory approvals, financial diligence, and board approvals.
• Gator MiningminorChannel Partner/ Reseller/ Distributor · 27 May 2026Potentially alongside affiliates, Gator Mining would deploy and operate compute infrastructure at the Lethbridge 2 site under the PPA with Digital Asset Solutions.
• Alpha Seven EnergyminorChannel Partner/ Reseller/ Distributor · 27 May 2026Potentially alongside affiliates, Alpha Seven Energy would deploy and operate compute infrastructure at the Lethbridge 2 site under the PPA with Digital Asset Solutions.
• Tsegtskharaa LLCcoreStrategic or Co-development Partner · 15 April 2026Joint Development Agreement to develop the Darkhan Energy Park in Mongolia — a 600 MW hybrid generation facility with planned battery storage. Preliminary assessments completed; feasibility studies underway. Site control and grid access active, targeting potential PPAs with Mongolia Electric Grid.
• Green Harbor PartnerscoreStrategic or Co-development Partner · 1 January 2026Joint development arrangement under a January 2026 LOI for a 503.5 MWac Alberta solar portfolio comprising Lethbridge Two (12 MWac), Lethbridge Three (155 MWac), and Hanna Solar (336 MWac). Phase 1 due diligence and financial/technical modelling completed. All three projects being prepared for AESO Cluster 3 submission by August 6, 2026. US$2.6M invested to date.
• ACT Mid Market Ltd.minorStrategic or Co-development Partner · 25 November 2025Acquisition of 500 MW of hybrid power development assets across Brazil, Mongolia, Canada, Malaysia, and Nigeria, surpassing 1 GW milestone. Subsequent clarification revealed that neither company holds direct ownership of assets — only exclusive options and development rights in Mongolia and Saskatchewan, with all projects at early non-binding stages. No binding agreements, construction decisions, or formal site visits completed.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Boralex: Canadian-headquartered utility-scale renewable energy IPP with a multi-technology portfolio including solar, wind, and storage. Directly comparable as a renewable project developer operating in the same North American markets with PPA-driven revenue.
• Innergex Renewable Energy: Canadian renewable energy IPP developing and operating hydroelectric, wind, and solar facilities with long-term PPAs. Comparable in business model, scale, and Canadian / North American focus as a small-cap renewable developer.
• Northland Power: Canadian power generation developer and IPP with renewable and thermal assets globally. Comparable as a Canadian-listed developer pursuing utility-scale projects, though at a larger scale and more mature operational stage.
• Hannon Armstrong Sustainable Infrastructure Capital: US-listed investor and financier of climate solutions including renewable energy projects and energy efficiency assets. Comparable in its role as a capital provider/structured financier of renewable infrastructure, mirroring NUE's merchant banking angle.

Broad incumbents

• Brookfield Renewable Partners: One of the world's largest publicly traded renewable power platforms with hydropower, wind, solar, and storage. Comparable in core IPP model and hybrid solar + storage strategy, though materially larger and operating globally.
• TransAlta: Canadian power generator and marketer transitioning to renewables with a substantial Alberta presence. Comparable in geography (Alberta grid exposure) and hybrid generation profile, though at much larger scale with established operations.
• Clearway Energy: US-listed yieldco owning and operating renewable and conventional generation with long-term PPAs. Comparable business model (PPA-driven renewable IPP) and exposure to data center / corporate offtakers, though larger and US-focused.
• Atlantica Sustainable Infrastructure: Sustainable infrastructure company owning and operating renewable energy, transmission, and water assets under long-term contracts. Comparable in infrastructure yieldco / contracted-revenue model and focus on renewable generation plus storage.

Emerging players

• Altus Power: US-focused commercial and community solar developer with growing C&I and data center exposure. Comparable as a smaller-cap solar developer pursuing commercial-scale PPAs, including with hyperscale and data center offtakers.
• Energy Vault Holdings: Energy storage technology and project developer focused on utility-scale battery and gravity storage. Comparable as a small-cap public company pursuing hybrid renewable + storage projects with utility and hyperscale offtakers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/nuecorp
• LinkedInlinkedin.com/company/nu-e-power-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds6 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nu E Power