Nukik

What Nukik does

Nukik Corporation is an Inuit-owned infrastructure development company headquartered in Rankin Inlet, Nunavut, founded in 2021 with a headcount of 1–10 employees. The company is the developer of the Kivalliq Hydro-Fibre Link, a planned 1,200-kilometre transmission line that will connect five communities in Nunavut's Kivalliq region to hydroelectric power from Manitoba and deliver broadband internet services along the same corridor. The project carries an estimated total cost of $3.2–$3.3 billion and is positioned to replace imported fossil-fuel-based generation and satellite-based internet with grid-connected hydro power and fibre connectivity, framed by the company and its backers as an Arctic sovereignty and economic development initiative.

Technically, the core deliverable is a single utility-scale linear infrastructure asset integrating power transmission and fibre-optic communications, with regulatory integration into MISO (Midcontinent Independent System Operator) enabling connection to the North American grid. The company has filed a Transmission Service Request with Manitoba Hydro for power supply and aligned with Qulliq Energy Corporation, Nunavut's territorial utility, on local distribution terms, and has executed an MOU with Agnico Eagle Mines as an industrial off-taker.

The business model is project development and infrastructure ownership rather than recurring software or product sales. Nukik is pursuing a mix of federal infrastructure grants — including approximately $1 billion from Transport Canada's Arctic Infrastructure Fund and a $2.07 million contribution from Indigenous and Northern Affairs Canada dated March 21, 2024 — alongside counterparty financing from Manitoba Hydro and revenue from power and broadband offtake to the five Kivalliq communities and industrial customers. No commercial revenue has been disclosed and the asset is not yet operational.

Name

Nukik

Legal name

Nukik Corporation

Website

https://nukik.ca

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Nukik is an Inuit-owned Canadian infrastructure developer building the $3.2–$3.3 billion Kivalliq Hydro-Fibre Link, a 1,200 km transmission line delivering Manitoba hydroelectric power and broadband to five Nunavut communities, with MISO certification and utility partnerships.

Ownership category

akta.pro rank

Product category

Energy Infrastructure

NAICS

Power and Communication Line and Related Structures Construction (237130), Utility System Construction (2371), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Turnkey distribution buildouts (feeders, reclosers, capacitor banks, line extensions) (EUADAKAK)

akta.pro secondary industries

Rural Broadband & Cooperative Fiber Operators (HDAIACAG), Utility Fiber Backbone & Transport Networks (OTN/MPLS, DWDM) (EUADAIAA)

Keywords

• Hydroelectric power infrastructure
• Power transmission projects
• Broadband infrastructure development
• Arctic energy systems
• Utility infrastructure projects

Headquarters

HQ city

Rankin Inlet

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Core offering

Nukik is developing and will operate the Kivalliq Hydro-Fibre Link, a 1,200-kilometre transmission corridor that delivers hydroelectric power from Manitoba to five Kivalliq communities in Nunavut and carries fibre-optic broadband capacity along the same right-of-way. The $3.2–$3.3 billion project replaces diesel-generated electricity and satellite internet with utility-grade hydroelectric power and terrestrial broadband. Nukik's role is infrastructure developer, owner, and operator, with MISO grid certification enabling direct interconnection to the North American power system.

Product overview

Nukik is developing the Kivalliq Hydro-Fibre Link as its primary initiative — an infrastructure project that will deliver hydroelectric power from Manitoba to Nunavut communities and provide broadband services through a planned 1,200-kilometre transmission line. The project represents a single core infrastructure offering rather than a software product portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Kivalliq Hydro-Fibre Link A 1,200-kilometre transmission corridor delivering hydroelectric power from Manitoba to five Kivalliq communities in Nunavut and providing terrestrial fibre-optic broadband along the same route. The project is designed for utilities, governments, industrial off-takers, and the residents of remote Arctic communities who currently rely on imported diesel and satellite internet.

Quantifiable outcome

• Reduce reliance on imported fossil fuels for northern communities
• +2 more outcomes

Segments1 record

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Agnico Eagle Mines LimitedcoreStrategic or Co-development Partner · 8 December 2025Agnico Eagle Mines signed a Memorandum of Understanding with Nukik for the Kivalliq Hydro-Fibre Link project. Agnico Eagle is engaged in gold mining operations across Canada and Australia and represents a significant industrial customer for the hydro-fibre infrastructure.
• Manitoba HydrocoreStrategic or Co-development Partner · 27 November 2025Nukik filed a Transmission Service Request with Manitoba Hydro as a key milestone for the Kivalliq Hydro-Fibre Link project. Manitoba Hydro will provide the hydroelectric power supply for the 1,200-kilometre transmission line connecting Nunavut communities.
• Qulliq Energy CorporationcoreStrategic or Co-development Partner · 27 November 2025Nukik aligned with Qulliq Energy Corporation (Nunavut's territorial utility) on project terms for the hydro-fibre link. QEC will serve as the local utility partner receiving and distributing power and broadband services in Nunavut.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Hydro-Québec: One of North America's largest hydroelectric producers and a provincial Crown corporation. While far larger and more diversified, Hydro-Québec is the dominant reference comparable for Canadian public-purpose hydro infrastructure economics.
• Brookfield Renewable Partners: One of the world's largest publicly traded renewable power platforms, with significant hydroelectric and transmission assets in North America. Comparable as a scaled infrastructure capital partner and exit reference for renewable transmission projects like the Kivalliq Hydro-Fibre Link.

Direct peers

• Manitoba Hydro: Crown corporation and primary power supplier for the Kivalliq Hydro-Fibre Link. Manitoba Hydro is the offtake and transmission counterpart for the 1,200 km interconnection, making it the most directly comparable operating utility.
• Northwestel: Primary telecom provider for northern Canada, delivering broadband and connectivity to remote communities — the exact service category Nukik's fibre component will offer. Closest peer on the telecommunications side of the Hydro-Fibre Link.
• ATCO Group: Diversified Canadian infrastructure company delivering energy, water, and housing solutions to remote and indigenous communities across Canada's North. Operates a similar utility-services model in comparable geographies.
• Yukon Energy Corporation: Yukon's primary electricity generator and transmitter, serving remote northern communities via a mix of hydro and thermal generation. Directly analogous business model and northern/indigenous customer profile.
• Nalcor Energy: Newfoundland and Labrador's Crown-owned energy developer, historically led mega-hydro and transmission projects (e.g., Muskrat Falls) connecting remote regions to grid infrastructure. Comparable as a regional public-purpose energy infrastructure developer.
• Northwest Territories Power Corporation: Territorial power corporation serving remote and indigenous communities across the NWT with a mix of hydro and diesel generation. Highly comparable in terms of customer base, geography, and infrastructure challenges.
• Qulliq Energy Corporation: Nunavut's territorial utility and Nukik's local distribution partner. QEC currently supplies diesel-generated electricity across the very communities the Hydro-Fibre Link will serve, making it the closest operational comparable.

Emerging players

• Innergex Renewable Energy: Canadian renewable energy IPP with a portfolio of hydro, wind, and solar facilities, including projects co-developed with indigenous communities. Relevant as an emerging operator and potential strategic/financial partner for remote hydro infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nukikcorp
• Facebookfacebook.com/profile.php

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Nukik