Hydro-Quebec

What Hydro-Quebec does

Hydro-Québec is a vertically integrated Crown corporation wholly owned by the Government of Québec, founded in 1944 and headquartered in Montréal. The company generates, transmits, and distributes electricity through 62 hydroelectric facilities and 262,474 km of transmission and distribution lines, serving 4.4 million residential, commercial, and industrial customers across Québec as a regulated monopoly under the Régie de l'énergie. Its generation portfolio is over 99.4% renewable, with hydropower's reservoir storage providing dispatchable flexibility unavailable to intermittent renewables. Hydro-Québec also operates TransÉnergie, the largest transmission network in North America, anchored by a 735-kV backbone that transports electricity from northern generating stations to southern consumption centers.

The company's business model combines regulated domestic electricity sales with long-term international export contracts, most recently the Champlain Hudson Power Express (1,250 MW to New York City, operational May-June 2026) and the New England Clean Energy Connect (1,200 MW to Massachusetts, operational January 2026), together expected to generate approximately US$34 billion in lifetime revenue. FY2025 net income reached C$2.9 billion (up 9% year-over-year), with C$4.4 billion contributed to the Québec government including a C$2.2 billion dividend and C$7.8 billion invested in capital projects. Specialized industrial tariffs for data centres (>5 MW at 13¢/kWh) and blockchain operations (19.5¢/kWh) are scheduled to take effect in H2 2026.

Technology infrastructure centers on the IREQ research hub, AI-driven load forecasting deployed since 2023, an open data platform publishing real-time production and demand data, and emerging capabilities in Vehicle-to-Grid (V2G) integration, robotic line inspection, and solid-state battery research through partnerships with EcoPro Lithium, INRS, and UQTR. Strategic execution of Action Plan 2035 commits C$200 billion through 2035 to add 11,000 MW of new clean energy capacity, financed through a C$5+ billion Indigenous wind energy partnership program with the Canada Infrastructure Bank and National Bank of Canada, alongside debt issuances on Canadian domestic markets.

Name

Hydro-Quebec

Legal name

Hydro-Québec

Website

https://hydroquebec.com

Company type

Public

Founded year

1944

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hydro-Québec is a Québec Crown corporation generating, transmitting, and distributing hydroelectric electricity to 4.4 million domestic customers via 62 facilities and 262,474 km of lines, while exporting hydropower to the U.S. through CHPE and NECEC contracts.

Ownership category

akta.pro rank

Product category

Regulated Electric Utility Services (Hydroelectric Generation, Transmission, and Distribution)

NAICS

Hydroelectric Power Generation (221111), Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation (22111), Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance) (EUAMADAE)

akta.pro secondary industries

Hydropower Grid Services & Dispatch Optimization (Ancillary Services, Scheduling) (EUAMADAH), Hydropower Grid Integration & Ancillary Services (Frequency/Voltage Support) (EUACAEAL), Hydropower Balance-of-Plant & Electrical Systems (Transformers, Switchgear, Protection) (EUAMADAD)

Keywords

• Hydroelectric power generation
• Electricity transmission and distribution
• Regulated utility services
• Renewable energy exports
• Demand-side energy management

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Others

Revenue model

1. Electricity Sales (Domestic): Regulated electricity generation and distribution to 4.4 million residential, commercial, and industrial customers across Quebec, with rates approved by the Régie de l'énergie (Quebec Energy Board).
2. Electricity Exports (International): Long-term export contracts supplying hydropower to New York City (1,250 MW via Champlain Hudson Power Express) and Massachusetts (1,200 MW via NECEC), generating estimated $34 billion US in revenue over contract lifetimes.
3. Large Power Customer Rates: Specialized electricity rates for large data centers (>5 MW capacity at 13¢/kWh) and blockchain operations (19.5¢/kWh), designed to reflect the value of renewable electricity for energy-intensive operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Hydro-Quebec is a vertically integrated Crown corporation that generates, transmits, and distributes electricity primarily from 62 hydroelectric generating stations across Québec to 4.4 million residential, commercial, industrial, and institutional customers. It operates North America's most extensive transmission network (262,474 km of lines, including the 735-kV backbone) and exports surplus hydropower into the U.S. Northeast via long-term HVDC contracts. Complementary customer-facing offerings include the Espace Client portal, mobile app, Hilo smart thermostat program, energy efficiency incentives (LogisVert, Solutions efficaces), dynamic pricing options (Rate Flex D), the Info-pannes outage map, and the Mission 2035 energy mix simulation game.

Product overview

Hydro-Québec operates as a vertically integrated Crown corporation providing electricity generation, transmission, distribution, and related energy services across Quebec. The core offering centers on hydroelectric power production from 62 generating facilities, with the TransÉnergie transmission division operating North America's largest transmission network (262,474 km of lines). Customer-facing digital products include the Espace Client portal and mobile app for account management, complemented by demand-side programs such as Hilo smart thermostats, LogisVert efficiency incentives, and the Alliance des bâtiments exemplaires building program. Educational initiatives include the Mission 2035 interactive energy simulation game and facility tours. Open data is available through the Données Ouvertes platform. The company is expanding into wind energy partnerships (Indigenous financing program), battery research (Joint Research Unit), and emerging technologies including V2G EV charging and offshore wind development.

Differentiator

Problem solved

Functional benefit

Brands

• Hilo: Smart thermostat and home energy management offering by Hydro-Québec, providing customers with smart devices to manage electricity consumption.
• LogisVert
• Mission 2035
• Économies d'énergie

Products and services

• TransÉnergie Electricity Transmission Service Vertically integrated electricity transmission division managing North America's largest transmission network (including the 735-kV backbone) and operating the webSmartOASIS platform to commercialize transmission services to neighboring markets.
• Espace Client (Customer Space Portal) Online customer portal enabling residential and business customers to view bills and payment history, manage accounts, track electricity consumption, report moves, and submit work requests.
• Mission 2035 Energy Mix Simulation Game Interactive educational energy mix simulation game in which players balance seven energy sources to meet 9,000 MW of new capacity targets by 2035 while managing greenhouse gas emissions, costs, and reliability.
• Open Data Platform (Données Ouvertes) Public open-data portal providing real-time and historical data on electricity production by source (hydraulic, wind, solar, thermal) and Quebec electricity demand, distributed as JSON/CSV APIs under a Creative Commons CC-BY-NC 4.0 licence.
• Hilo Smart Thermostat Program Residential program offering smart thermostats at $0 and connecting customers to demand-response events so Hydro-Quebec can reduce grid load during peak periods.
• LogisVert Residential Energy Efficiency Program Financial assistance program offering incentives for residential energy-efficient renovations, appliances, and building improvements.
• Alliance des bâtiments exemplaires (Exemplary Buildings Program) Partnership program engaging iconic commercial and institutional buildings in Montreal and Quebec City to adopt energy-efficient practices, expanding from 25 buildings in 2026 to a target of more than 500 buildings by 2028.
• Info-pannes Power Outage Information Service Real-time power outage tracking service providing customers with outage maps, status updates, and restoration information across Quebec.
• Hydro-Québec Mobile App Mobile application for iOS and Android enabling customers to track power outages, receive notifications, manage accounts, and access Hydro-Quebec services.
• Rate Flex D (Dynamic Residential Pricing) Dynamic electricity pricing option for residential customers that lowers rates during off-peak periods to shift consumption away from peak demand.
• Gestion de la demande de puissance (GDP) Demand Management Option Power demand management option for business customers allowing them to reduce electricity consumption during winter peak events (up to 100 hours) in exchange for credits on their bills.
• Biénergie Dual-Energy Heating Program Dual-energy program combining electricity with natural gas for space heating, designed to reduce winter electricity peak demand while maintaining heating reliability.
• Économies d'énergie Business Energy Efficiency Services (Solutions efficaces) Comprehensive business energy efficiency services including Solutions efficaces (over 200 efficiency measures with financial incentives), energy analysis, efficient equipment recommendations, agricultural programs, and innovative project support.
• Facility Tours Program Free guided tours of Hydro-Quebec facilities across Quebec offering educational experiences about hydroelectric power generation and electricity infrastructure.
• Energy Performance Indicator (Outil de performance énergétique) Customer-facing analytical tool providing a detailed breakdown of household electricity consumption with personalized recommendations for reducing energy use.
• Large Power Data Centre and Blockchain Rate Structure Specialized large-power rate structure offering usage-based pricing averaging 13¢/kWh for data centers above 5 MW capacity and 19.5¢/kWh for blockchain/cryptographic operations, designed to reflect the value of renewable electricity for energy-intensive customers.
• Indigenous Wind Energy Partnership Financing Program C$5+ billion financing program developed with the Canada Infrastructure Bank and National Bank of Canada to enable Indigenous communities in Quebec to become investment partners in major wind energy projects, offering construction loans up to 20% of project costs and equity loans up to 90% of equity contributions with a C$100 million cap per project.

Quantifiable outcome

• 40,000+ MW of installed generating capacity from hydropower and renewables
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature3 records

Partnerships

13 partnerships are on record, tiered flagship, strategic, core, exploratory and standard.

• Transmission Developers Inc. (TDI)flagshipStrategic or Co-development Partner · 19 June 2026Partnership with Transmission Developers Inc. ( Blackstone-backed) for development and operation of the $6 billion Champlain Hudson Power Express HVDC transmission line delivering 1,250 MW of Canadian hydropower to New York City. Hydro-Québec provides the power supply under a 25-year contract with NYSERDA. The project achieved full operations in June 2026, ahead of schedule.
• INRS (Institut national de la recherche scientifique) and UQTR (Université du Québec à Trois-Rivières)strategicStrategic or Co-development Partner · 19 June 2026C$2.88 million Joint Research Unit in Materials and Technologies for Energy Transition to advance battery research from lithium extraction to power grid integration, co-directed by INRS Professor François Allard. Includes three NSERC Alliance projects (C$2.3+ million) and a Canada Research Chair (C$600,000 over five years).
• SigenergystrategicTechnology or Integration · 18 June 2026Hydro-Québec became the first utility in North America to certify Sigenergy's bidirectional V2X EV DC charging units for Vehicle-to-Grid (V2G) applications, supporting home energy management and grid flexibility through the SigenStor ecosystem.
• EcoPro Innovation / EcoPro LithiumstrategicStrategic or Co-development Partner · 12 April 2026Joint development agreement with EcoPro Innovation's subsidiary EcoPro Lithium for next-generation solid-state battery development, leveraging federal R&D funding and Hydro-Québec's research capabilities. EcoPro plans to establish full lithium-metal anode value chain in Canada by March 2027.
• Plug PowerstrategicTechnology or Integration · 2 April 2026Partnership with Plug Power for the 275 MW Courant green hydrogen project in Baie-Comeau, Quebec. Plug Power provides GenEco PEM electrolyzer systems while Hydro-Québec supplies low-carbon electricity. Project targets commissioning in 2029 for mining and agriculture markets.
• Hy2gen Canada Inc.strategicStrategic or Co-development Partner · 2 April 2026Hy2gen Canada developing the Courant green hydrogen project in Baie-Comeau, powered by Hydro-Québec's low-carbon grid, producing hydrogen for conversion to ammonia and ammonium nitrate for mining and agriculture markets.
• BoralexcoreStrategic or Co-development Partner · 1 April 2026Partnership with Boralex for the C$3 billion Des Neiges wind farm northeast of Quebec City, generating up to 1.2 GW of wind power and targeted to be operational by 2027-2028. Boralex is a leading renewable energy developer.
• Énergir DéveloppementcoreStrategic or Co-development Partner · 1 April 2026Partnership with Énergir Développement for the C$3 billion Des Neiges wind farm project, contributing to Quebec's target of 11,000 MW of new wind capacity by 2035.
• Nova Scotia (Wind West Project)exploratoryStrategic or Co-development Partner · 25 March 2026Exploratory discussions regarding transmission of Nova Scotia's proposed offshore wind power to Quebec's electricity grid via subsea cables and interprovincial links. Nova Scotia's Wind West project envisions C$60 billion first phase producing 5 GW by 2033.
• Mohawk Council of Kahnawà:keflagshipStrategic or Co-development Partner · 23 March 2026First Nation co-ownership partnership for the Champlain Hudson Power Express Canadian segment, with Kahnawà:ke co-owning up to 49%. Hydro-Québec passed enabling legislation in 2023 to permit First Nation co-ownership with a Crown Corporation for the first time, representing unprecedented Indigenous equity in major American clean energy infrastructure.
• Madawaska Wind Project ConsortiumstandardStrategic or Co-development Partner · 5 March 2026274 MW Madawaska Wind project in Quebec has reached financial close with multiple financial institutions, expected to generate power for over 44,000 homes with construction starting shortly and completion in fall 2027.
• MitacsstrategicStrategic or Co-development Partner · 20 November 2025Research partnership with Mitacs supporting over 1,600 student internships over five years, contributing to AI, cybersecurity, digital twins, robotics, and asset management advancements for Canada's energy infrastructure through Hydro-Québec's IREQ research hub.
• GE VernovacoreTechnology or Integration · 28 August 2025CAN$22.2 million investment by GE Vernova to expand hydropower and grid manufacturing facilities in Sorel-Tracy and La Prairie, creating 28 new jobs while retaining 75 existing positions. Driven by Canada's energy demand forecasted to double by 2050 and Quebec's CAN$150 billion capital expansion plan.

Scale indicators12 records

Recent moves7 records

Expansion highlights7 records

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

• Xx.com/hydroquebec
• YouTubeyoutube.com/hydroquebecvideo
• Facebookfacebook.com/hydroquebec1944
• LinkedInlinkedin.com/company/hydro-quebec
• Instagraminstagram.com/hydroquebec
• TikToktiktok.com/@hydroquebec

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds9 records

Investors2 records

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

M&A1 record

Investments1 record

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

Frequently asked questions about Hydro-Quebec