ZS2 Technologies
ZS2 Technologies is a Calgary-based climate tech company that develops proprietary magnesium oxide (MgO) cement building materials, including prefabricated structural panels and sheathing, serving residential, commercial, and government construction markets across North America with carbon-sequestering, low-carbon alternatives to traditional cement.
- Company typePrivate
- Founded2020
- HeadquartersCalgary, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What ZS2 Technologies does
ZS2 Technologies Ltd. is a Calgary-based climate technology company founded in 2020 that develops and manufactures proprietary magnesium oxide (MgO) cement building materials for the construction industry. The company has domesticated MgO cement production in North America — previously sourced overseas — producing a portfolio of prefabricated products including TechBoard® (sheathing, backerboard, and underlayment), TechPanel® (a 3-in-1 structural insulated panel combining framing, insulation, and MgO sheathing), and TechClad™ (rigid continuous insulation), with emerging Gen 2 offerings (TechTile™ and TechStone™). ZS2 also operates a Carbon Capture Utilization and Sequestration (CCUS) platform that sequesters CO₂ into its magnesium cement products, achieving 10% CO₂ sequestration by weight in pilot production.
The company's materials are positioned as climate-resilient alternatives to OSB, plywood, gypsum, and traditional Portland cement, offering Class A fire resistance, water and mold resistance, hurricane-rated structural strength (3x stick frame), and one-third the carbon footprint of conventional cement. ZS2 has secured third-party certifications including QAI CERus-1009 and CERus-1021, ICC-ES ESR-5346, Florida HVHZ Product #FL44609, WUI wildfire certification, a Solar Impulse Efficient Solution label, and was a Top 60 milestone finalist in the XPRIZE Carbon Removal Competition out of 1,180 teams.
ZS2 distributes through a hybrid model combining direct enterprise sales to developers, builders, and architects with a network of 10+ TechPartners across North America, under a project-based quote-driven pricing model. The company has secured over $9M in non-dilutive government grants (SDTC, ERA, CMHC, NGen, PrairiesCan) and expanded into U.S. manufacturing in February 2026 through integration of Supreme Insulated Panel Systems LLC assets in Mobile, Alabama. The leadership team is anchored by former DIRTT Environmental Solutions executives, including CEO Scott Jenkins who previously scaled DIRTT from $6M to over $300M in revenue and led its IPO on the Toronto Stock Exchange.
ZS2 Technologies firmographics
Firmographics- Name
- ZS2 Technologies
- Legal name
- ZS2 Technologies Ltd.
- Website
- https://zs2technologies.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ZS2 Technologies is a Calgary-based climate tech company that develops proprietary magnesium oxide (MgO) cement building materials, including prefabricated structural panels and sheathing, serving residential, commercial, and government construction markets across North America with carbon-sequestering, low-carbon alternatives to traditional cement.
- Ownership category
- akta.pro rank
ZS2 Technologies industry classification
Industry- Product category
- Building Materials / Sustainable Construction
- NAICS
- Cement Manufacturing (327310), Cement and Concrete Product Manufacturing (3273), Lime and Gypsum Product Manufacturing (3274)
- SIC
- Cement, Hydraulic (3241), Concrete, Gypsum & Plaster Products (3270)
- akta.pro primary industry
- Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)
- akta.pro secondary industries
- Concrete Masonry Units (CMU) & Concrete Blocks (IMADABAB), Magnesite & Magnesium Minerals (IMAEAFAL), Manufactured/Engineered Stone & Agglomerates (Quartz, Terrazzo, Sintered Stone) (IMAKAHAG)
Keywords
Where ZS2 Technologies is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
ZS2 Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- MgO Cement Building Materials — Product Sales: ZS2 generates revenue primarily through the sale of proprietary magnesium cement building materials including TechBoard (sheathing/backerboard), TechPanel (structural insulated panels), and TechClad (insulated cladding). Products are sold through direct sales to builders, developers, and architects, as well as through a network of TechPartners across North America. Pricing is quote-based and project-specific.
- Prefabricated Building Envelope Systems: Sale of complete prefabricated building envelope systems (walls, floors, roofs) using the TechPanel 3-in-1 system. Revenue is generated per project based on panel specifications, project scope, and customization requirements.
- Government Grants & Non-Dilutive Funding: ZS2 has received multiple government grants from municipal, provincial, and federal levels for continued R&D (e.g., SDTC $2.6M, ERA $2M, CMHC $1.1M, NGen $1.82M, PrairiesCan $2.7M). While not direct revenue, these non-dilutive funds support technology development and scale-up.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Project-based custom quoting — no public tier structure |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
ZS2 Technologies product offering
Product offeringCore offering
ZS2 Technologies designs, manufactures, and sells proprietary magnesium oxide (MgO) cement-based prefabricated building materials—including TechBoard® sheathing, TechPanel® 3-in-1 structural insulated panels, and TechClad™ rigid continuous insulation cladding—for sale to builders, developers, architects, and general contractors across North America. The company also operates a Carbon Capture Utilization and Sequestration (CCUS) platform that sequesters CO2 into MgO cement at approximately 10% by weight, giving its products one-third the carbon footprint of traditional Portland cement.
Product overview
ZS2 Technologies offers a portfolio of magnesium oxide (MgO) cement-based building materials and climate technology. The core product family consists of TechBoard® (sheathing and underlayment), TechPanel® (3-in-1 structural insulated panels combining framing, insulation, and MgO sheathing), and TechClad™ (rigid continuous insulation cladding). The Gen 2 product lineup (TechBoard® Gen 2, TechTile™ Gen 2, TechStone™ Gen 2) represents the next generation of these materials manufactured domestically in North America using ZS2's patented low-carbon process. The company's climate technology platform centers on Carbon Capture Utilization and Sequestration (CCUS), which captures CO2 from the atmosphere and sequesters it into MgO cement building products. This integrated approach allows ZS2 to deliver building materials with one-third the carbon footprint of traditional cement while providing fire resistance, moisture protection, and structural durability.
Differentiator
Problem solved
Functional benefit
Brands
- TechBoard®: High-performance MgO sheathing, backing board and underlayment engineered with ZS2's proprietary Magnesium Oxide cement technology. Climate resilient and environmentally responsible without compromising on performance.
- TechPanel®
- TechClad™
- TechTile™
- TechStone™
Products and services
- TechBoard®
Quantifiable outcome
- ⅓ the carbon footprint of traditional cement
- +7 more outcomes
Companies that use ZS2 Technologies
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles4 records
ZS2 Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
ZS2 Technologies partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered minor and core.
- BFL CanadaminorBFL Canada joined ZS2 at Site Summit 2026 at George Brown Waterfront Campus in Toronto, representing a GTM and marketing partnership at a major industry event.
- ECHO Building SystemscoreZS2 and ECHO Building Systems signed a Letter of Intent (LOI) in March 2026 to advance low-carbon, climate-resilient building systems. The partnership explores integrating magnesium cement board with biochar insulation from ECHO (which creates biochar from landfill waste biomass for carbon sequestration) for next-generation prefabricated panels.
- SEED HomescorePartnership to deliver affordable housing with advanced materials. SEED Homes incorporates ZS2's magnesium cement TechBoard into all their designs, combining SEED's housing platform with ZS2's material science.
- ROC ModularcoreZS2 and ROC Modular announced an initiative to launch rapid-response modular housing technology for Indigenous and northern communities. Combines ZS2's climate-resilient building materials with ROC's modular housing expertise.
- LithiumBankminorAlberta development company focused on lithium-enriched brine projects in Western Canada. ZS2 signed MOU with LithiumBank for CO2 capture and sequestration, creating carbon-neutral cement while accelerating lithium extraction from Alberta brines.
- Greentown LabsminorThe largest climatetech startup incubator in North America. ZS2 was selected for Go Build 2023, an exclusive accelerator program in collaboration with Saint-Gobain, advancing circularity and decarbonization. Out of 100+ applicants from 27 countries.
- XPRIZE Carbon RemovalminorA four-year global competition to create and demonstrate solutions that pull carbon dioxide directly from the atmosphere or oceans and sequester it durably. ZS2 was 1 of 10 teams selected from 1,180 to become worldwide Top 60 milestone finalists.
- BaymagcoreA leading manufacturer of high-grade MgO (magnesium oxide), member of the Refratechnik group of companies. Key raw material supplier for ZS2's MgO cement production.
- SAIT — Green Building TechnologiescoreSouthern Alberta Institute of Technology's division advancing applied research and development towards commercialization of green-building technologies. Partnered with ZS2 on the KHS Arctic Community Center project (Cambridge Bay) involving solar panel integration with TechPanel.
- University of CalgarycoreOne of Canada's top research universities with state-of-the-art labs and testing facilities. VP R&D Danny Wong holds a Ph.D. from UCalgary. The university supports ZS2's R&D programs in materials science.
- QAI LaboratoriescoreGlobal agency for independent third-party testing, inspection, and certification services. QAI acts as ZS2's independent third-party testing organization, inspecting manufacturing equipment, batch testing products, and issuing Code Evaluation Reports (e.g., CERus-1009 for TechBoard, CERus-1021 for TechPanel). Accredited by IAS and SCC.
- IntertekcoreGlobal leader in assurance, testing, inspection, and certification services for products, services, and operating systems. Partnered with ZS2 for product testing alongside QAI Laboratories, Simon Fraser University, and SAIT.
- Supreme Insulated Panel Systems LLCcoreManufacturing company based in Mobile, Alabama. ZS2 expanded into the US through integration of Supreme's manufacturing assets, combining Supreme's manufacturing expertise with ZS2's MgO cement technology to accelerate adoption of high-performance building envelope systems in the US and Caribbean markets.
Scale indicators11 records
Recent moves13 records
Expansion highlights8 records
ZS2 Technologies competitors and assessment
Company assessmentBroad incumbents
- Holcim: Global cement and aggregates leader with active decarbonization roadmap and low-carbon cement product lines (e.g., ECOPlanet). Competes for embodied carbon mandates and low-carbon cement specification.
- Saint-Gobain: Global building materials manufacturer with extensive low-carbon construction product portfolio. Currently a ZS2 partner (NGen grant work) but also a broad incumbent that could commercialize low-carbon alternatives at scale.
- Kingspan Group: Global leader in insulated panels and building envelopes. Direct competitor in the structural insulated panel category with established distribution, code acceptance, and pricing power versus ZS2's TechPanel.
Direct peers
- CarbonCure Technologies: Canadian-headquartered company that injects captured CO2 into concrete mixes to reduce embodied carbon. Directly comparable to ZS2 as a climate-tech cement/concrete decarbonization play targeting North American construction markets.
- Sublime Systems: Massachusetts-based developer of low-carbon cement that does not use Portland cement as a feedstock. Closest direct competitor to ZS2's specialty-cement approach and a benchmark for low-carbon cement startup economics.
- Nexii Building Solutions: Canadian-founded prefabricated sustainable building panel manufacturer. Direct competitor in the climate-resilient building envelope category with similar prefab-SIP offering and North American market focus.
- Biomason: US-based biocement manufacturer using microbial processes to produce structural cementitious materials without traditional clinker. Comparable to ZS2 as a non-Port alternatives cement technology targeting the building materials market.
Regional players
- DIRTT Environmental Solutions: Calgary-based prefabricated interior construction company. Comparable on prefab-modular construction technology, North American market, and overlapping leadership lineage (ZS2's CEO and several executives came from DIRTT).
Emerging players
- Carbon Upcycling Technologies: Canadian carbon utilization company that mineralizes CO2 into construction materials and concrete. Comparable to ZS2 on the CO2-into-cement value proposition and Canadian cleantech ecosystem.
- Solidia Technologies: US-based low-carbon cement and concrete technology company using CO2 curing. Comparable to ZS2 on the carbon-capture-in-cement thesis, though focused on precast concrete rather than building panels.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
ZS2 Technologies social profiles
Digital presenceZS2 Technologies compliance and trust
Trust signalCompliance8 records
ZS2 Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
ZS2 Technologies leadership team
Management profileNumber of profiles
Profiles14 records
ZS2 Technologies funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ZS2 Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ZS2 Technologies
What does ZS2 Technologies do?
ZS2 Technologies designs, manufactures, and sells proprietary magnesium oxide (MgO) cement-based prefabricated building materials—including TechBoard® sheathing, TechPanel® 3-in-1 structural insulated panels, and TechClad™ rigid continuous insulation cladding—for sale to builders, developers, architects, and general contractors across North America. The company also operates a Carbon Capture Utilization and Sequestration (CCUS) platform that sequesters CO2 into MgO cement at approximately 10% by weight, giving its products one-third the carbon footprint of traditional Portland cement.
Is ZS2 Technologies a public or private company?
ZS2 Technologies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ZS2 Technologies founded?
ZS2 Technologies was founded in 2020. It employs 11 to 50 people.
Where is ZS2 Technologies based?
ZS2 Technologies is headquartered in Calgary, Canada, in the North America region.
How does ZS2 Technologies make money?
Three revenue lines are on record. MgO Cement Building Materials — Product Sales are the primary driver. The others are prefabricated Building Envelope Systems and government Grants & Non-Dilutive Funding.
Who are ZS2 Technologies's main competitors?
Broad incumbents on record are Holcim, Saint-Gobain and Kingspan Group. Direct peers are CarbonCure Technologies, Sublime Systems, Nexii Building Solutions and Biomason. DIRTT Environmental Solutions is listed as a regional player. Emerging players are Carbon Upcycling Technologies and Solidia Technologies.
Does ZS2 Technologies have an API?
No public API is recorded for ZS2 Technologies.
What industry is ZS2 Technologies in?
ZS2 Technologies's product category is Building Materials / Sustainable Construction. Its primary akta.pro industry code is IMADAAAG, Cement Manufacturing (Portland, Blended & Specialty), with a secondary code of IMADABAB, Concrete Masonry Units (CMU) & Concrete Blocks. Its NAICS code is 327310 and its SIC code is 3241.