Innovia GEO
- Company typePrivate
- Founded2018
- HeadquartersOakville, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
Innovia GEO firmographics
Firmographics- Name
- Innovia GEO
- Legal name
- Innovia GEO
- Website
- https://innoviageo.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Innovia GEO industry classification
Industry- Product category
- Geothermal Heating and Cooling Systems
- NAICS
- Plumbing, Heating, and Air-Conditioning Contractors (238220)
- SIC
- Steam & Air-Conditioning Supply (4961)
- akta.pro primary industry
- Geothermal HVAC Installation (HSAOAGAE)
- akta.pro secondary industries
- Geothermal Heat Pumps & Ground-Source Systems (Residential/Commercial, Drilling/Loop Installation) (EUAMAEAH), Geothermal Equipment & Component Manufacturing (Turbines, Heat Exchangers, Pumps, ORC Units) (EUAMAEAI)
Keywords
Where Innovia GEO is headquartered
LocationHeadquarters
- HQ city
- Oakville
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Innovia GEO business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain
Revenue model
- Project-based geothermal system delivery: Revenue generated through customized ultra-shallow GEO system design, supply, and project delivery for new construction and retrofit projects. Project scope typically includes consultation, site assessment, system matching, and installation support. Example project scope includes a 55-unit townhouse community in Toronto.
- Community-energy project financing & remediation services: On at least one project (Towns on Curzon, Toronto), Innova GEO helped remediate a partially completed project and arranged an $847,000 green loan so residents could own the geothermal system under a community energy model, suggesting involvement in project financing/structuring services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based pricing customized per project (building size, soil, system type) |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Innovia GEO product offering
Product offeringCore offering
Innovia GEO designs, supplies, and delivers ultra-shallow geothermal heating and cooling systems (GEOPiles, Vertical GEOColumns, Horizontal GEOColumns) for low- and mid-rise buildings, installed at 15–100 ft depth using standard construction and underground-utility drilling methods and integrated with the building's HVAC via geothermal heat pumps. Offerings cover both new construction and retrofits, with project-based delivery that includes free consultation, site assessment, system matching, and project commissioning support, and on at least one project included green-loan financing arrangement for a community-energy model.
Product overview
Innovia GEO offers a unified suite of ultra-shallow geothermal heating and cooling systems purpose-built for low- and mid-rise buildings, installed at 15–100 ft depths to drastically cut drilling cost and time versus conventional deep geothermal. The portfolio centers on three purpose-built loop products — GEOPiles (foundation-integrated loops for new construction), Vertical GEOColumns (HDPE vertical loops for new builds or retrofits), and Horizontal GEOColumns (HDPE horizontal loops installed via directional drilling, ideal for retrofits with surface access) — which together cover new construction and existing-building retrofit use cases for residential, commercial, institutional, and community-scale projects.
Differentiator
Problem solved
Functional benefit
Brands
- GEOPiles: Ultra-shallow geothermal system integrating geothermal capability directly into a building's tubular steel foundation piles (typical depth 50–100 ft).
- GEOColumns
Products and services
- GEOPiles
- Vertical GEOColumns
- Horizontal GEOColumns
- Geothermal project remediation and community-energy financing structuring
Quantifiable outcome
- 25%–50% cheaper drilling cost vs conventional geothermal systems
- +5 more outcomes
Companies that use Innovia GEO
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Innovia GEO technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Innovia GEO partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- Large utility company & underground utility contractor (Horizontal GEOColumn Pilot)coreThe Horizontal GEOColumn Pilot project in Holland Landing, Ontario (15–30 ft deep) was completed in partnership with a large utility company and an underground utility contractor, demonstrating the use of widely available directional horizontal drilling for ultra-shallow GEO.
- CEZminorCEZ logo appears on Innovia GEO's partner/about pages. CEZ is a major European (Czech) utility group; the specific nature of the relationship is not described in the source beyond logo placement alongside other partners.
- Innovation FactorycoreInnovation Factory logo appears on Innovia GEO's partner/about pages. Innovation Factory is a Hamilton, Ontario-based startup accelerator/innovation hub; relationship supports Innovia GEO's Canadian cleantech ecosystem presence.
- MaRS Discovery DistrictcoreInnovia GEO joined MaRS Discovery District's exclusive founder community on Mar 25, 2024, providing access to networks, mentorship, and resources to scale the company and its impact on Canadian innovation.
- For ClimateTech / Venture For ClimateTechcoreInnovia GEO is a Cohort 5 (May 2025) participant in Venture For ClimateTech, administered by NextCorps with NYSERDA support, dedicated to commercialization of climate technologies through mentoring and curriculum.
- Accelerator Centre (AC:Studio)coreInnovia GEO was selected to Cohort 2 of the AC:Studio UN Sustainable Development Cohort (Jul 3, 2025), supported by $3.9M in FedDev Ontario / Government of Canada funding for early-stage UN SDG-aligned startups.
- ElevatecoreCanadian non-profit Elevate (with Mackenzie Investments) runs Canada's Next Sustainable Changemaker Challenge, of which Innovia GEO was selected as one of 8 companies on Sep 11, 2024. Provides connections to climate tech investors, startup mentors, and sustainability leaders.
- SecondMusecoreSecondMuse administers Scale For ClimateTech (Cohort 7) in partnership with NextCorps and with NYSERDA funding, providing mentorship, supply chain access, and MRL assessments to Innovia GEO.
- NextCorpscoreNextCorps administers the Venture For ClimateTech and Scale For ClimateTech programs, both of which Innovia GEO has been selected to (Cohort 5 in May 2025; Cohort 7 in Mar 2026).
- IESO (Independent Electricity System Operator — Ontario)minorIESO logo appears on Innovia GEO's partner pages alongside other ecosystem supporters; specific scope of the relationship not described in the source beyond logo placement.
- TechplacecoreTechplace (Burlington/Halton Region innovation hub) is publicly thanked by Innovia GEO for "incredible help and support since the company first arrived in the region" — implies a long-standing ecosystem partnership providing incubation and regional support.
- Haltech Regional Innovation CentrecoreHaltech Regional Innovation Centre is publicly thanked alongside Techplace for support since Innovia GEO first arrived in the Halton/Burlington region. Haltech supports tech entrepreneurs across the Halton region of Ontario.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Innovia GEO competitors and assessment
Company assessmentDirect peers
- ClimateMaster: U.S.-based manufacturer and supplier of commercial and residential geothermal heat pumps and ground loop systems. Directly comparable to Innovia GEO on the geothermal heat pump + ground loop value chain for low/mid-rise buildings.
- WaterFurnace (WaterFurnace International): Largest North American manufacturer of residential and light commercial geothermal heat pump systems and ground loops. Closest direct competitor for ground-source heating/cooling equipment paired with closed-loop installations.
Broad incumbents
- Carrier Global: Global HVAC manufacturer with a residential and commercial geothermal offering. Comparable broad incumbent whose scale and distribution could replicate Innovia GEO's ultra-shallow value proposition if it chooses to enter the segment.
- Bosch Thermotechnology: Global HVAC and geothermal heat pump manufacturer offering residential and commercial ground-source systems under the Bosch brand. Comparable as a broad incumbent that could move into the ultra-shallow, building-integrated niche.
- Trane Technologies: Major global HVAC OEM offering conventional geothermal heat pumps and broad commercial HVAC portfolios. Comparable as an established incumbent whose dealer/installer network could deploy shallow-loop systems.
Emerging players
- Eavor Technologies: Canadian geothermal technology company developing closed-loop geothermal systems for power and direct-use heating. Comparable as a Canadian cleantech innovator in the geothermal category with overlapping engineering talent and project-development focus.
- Dandelion Energy: U.S. residential geothermal heating and cooling installer focused on making geothermal more affordable and accessible to homeowners via standardized drill/install operations. Highly comparable emerging peer targeting the same 'affordable geothermal for buildings' proposition as Innovia GEO.
Others
- Stelpro / Ouellet Canada (Canadian electric heating OEMs): Canadian-based manufacturers of electric and hydronic heating equipment competing for the same low/mid-rise building HVAC wallet. Adjacent competitor set rather than direct geothermal peer, but relevant for share-of-wallet analysis.
- Nexans / Geo-Drill / horizontal directional drilling contractors: Underground utility construction and horizontal directional drilling contractors whose techniques Innovia GEO leverages for Horizontal GEOColumns. Comparable as enabling ecosystem participants rather than direct competitors.
Regional players
- Celsius Energy: European (Nordic) provider of large-scale geothermal heating and cooling for buildings and district energy. Comparable business model (shallow-to-medium depth ground loops for building HVAC) but operates primarily in Europe, not North America.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Innovia GEO social profiles
Digital presenceInnovia GEO financial estimates
Financial estimateRevenue estimate
Valuation estimate
Innovia GEO leadership team
Management profileNumber of profiles
Profiles2 records
Innovia GEO funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Innovia GEO 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 Innovia GEO
What does Innovia GEO do?
Innovia GEO designs, supplies, and delivers ultra-shallow geothermal heating and cooling systems (GEOPiles, Vertical GEOColumns, Horizontal GEOColumns) for low- and mid-rise buildings, installed at 15–100 ft depth using standard construction and underground-utility drilling methods and integrated with the building's HVAC via geothermal heat pumps. Offerings cover both new construction and retrofits, with project-based delivery that includes free consultation, site assessment, system matching, and project commissioning support, and on at least one project included green-loan financing arrangement for a community-energy model.
Is Innovia GEO a public or private company?
Innovia GEO is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Innovia GEO founded?
Innovia GEO was founded in 2018. It employs 1 to 10 people.
Where is Innovia GEO based?
Innovia GEO is headquartered in Oakville, Canada, in the North America region.
How does Innovia GEO make money?
Two revenue lines are on record. Project-based geothermal system delivery is the primary driver. The others are community-energy project financing & remediation services.
Who are Innovia GEO's main competitors?
Direct peers on record are ClimateMaster and WaterFurnace (WaterFurnace International). Broad incumbents are Carrier Global, Bosch Thermotechnology and Trane Technologies. Emerging players are Eavor Technologies and Dandelion Energy. Others are Stelpro / Ouellet Canada (Canadian electric heating OEMs) and Nexans / Geo-Drill / horizontal directional drilling contractors. Celsius Energy is listed as a regional player.
Does Innovia GEO have an API?
No public API is recorded for Innovia GEO.
What industry is Innovia GEO in?
Innovia GEO's product category is Geothermal Heating and Cooling Systems. Its primary akta.pro industry code is HSAOAGAE, Geothermal HVAC Installation, with a secondary code of EUAMAEAH, Geothermal Heat Pumps & Ground-Source Systems (Residential/Commercial, Drilling/Loop Installation). Its NAICS code is 238220 and its SIC code is 4961.