Evolugen
Evolugen is the Canadian operating platform of Brookfield Renewable, generating hydroelectric, wind, solar, and battery storage power across Canada and selling it to utilities and large corporates under long-term Power Purchase Agreements.
- Company typePrivate
- Founded1999
- HeadquartersGatineau, Canada
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Evolugen does
Evolugen is the Canadian operating platform of Brookfield Renewable, responsible for developing, owning, and operating a multi-technology renewable energy portfolio across hydroelectric, wind, solar, and battery storage assets in Ontario, Quebec, British Columbia, and Alberta. The portfolio exceeds 500 MW of installed generating capacity and is operated from the Gatineau, Quebec headquarters with the support of the Canadian Systems Control Center, a centralized facility that manages assets nationwide. Approximately 450 professionals are based at headquarters, and the business also pursues emerging green hydrogen development in partnership with Gazifere (Enbridge). Notable facilities include the ECOLOGO-certified hydroelectric fleet (22 facilities under UL 2854 / ISO 14024), the High Falls 109 MW hydro plant, the Prince Wind Project (189 MW), the Spring Coulee Solar Project (42 MWdc) in Alberta, and the contracted Fitzroy (250 MW / 1,000 MWh) and Trail Road (150 MW / 600 MWh) BESS projects in Ontario.
The company generates revenue through long-term Power Purchase Agreements with creditworthy counterparties. The most material contracts are a 40-year escalating PPA with Hydro-Quebec covering the 263 MW Lievre hydro portfolio (approximately 1.5 TWh annually) and a 15-year PPA with Scotiabank for 100% of output from Spring Coulee Solar. Enterprise sales motion targets large corporations seeking to meet sustainability targets and provincial utilities requiring reliable clean supply, with contract tenors ranging from 15 to 40 years. The customer base is supplemented by regulated grid offtake and procurement contracts such as those awarded by Ontario IESO for the BESS portfolio, and by equity partnerships with Indigenous communities including the Tla'amin Nation, 'Namgis First Nation, and Algonquins of Pikwakanagan First Nation.
Evolugen firmographics
Firmographics- Name
- Evolugen
- Legal name
- Brookfield BRP Canada Corp.
- Website
- https://evolugen.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Evolugen is the Canadian operating platform of Brookfield Renewable, generating hydroelectric, wind, solar, and battery storage power across Canada and selling it to utilities and large corporates under long-term Power Purchase Agreements.
- Ownership category
- akta.pro rank
Evolugen industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Electric Power Generation (22111), Hydroelectric Power Generation (221111)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- Utility-Scale Power Generation Asset Management (EUAEAMAA), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI)
Keywords
Where Evolugen is headquartered
LocationHeadquarters
- HQ city
- Gatineau
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Evolugen business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D
Revenue model
- Power Purchase Agreements (PPAs): Long-term electricity purchase agreements with corporate and institutional customers. Revenue is generated through the sale of renewable electricity and associated environmental attributes under multi-decade contracts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Long-term Power Purchase Agreements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Evolugen product offering
Product offeringCore offering
Evolugen operates and develops renewable electricity generation facilities across Canada, spanning hydroelectric, wind, solar, and battery energy storage system (BESS) technologies. The company sells renewable electricity and associated environmental attributes through long-term Power Purchase Agreements (PPAs) with corporate, utility, and government customers, with contract terms ranging from 15 to 40 years. It also partners with Indigenous communities as equity partners in multiple generation and storage projects across Ontario, Quebec, British Columbia, and Alberta.
Product overview
Evolugen is the Canadian operating business of Brookfield Renewable, offering a diversified portfolio of renewable energy solutions. The company's product portfolio spans four core clean energy technologies: hydroelectric power generation (including facilities on the Lièvre River, Mississagi River, and other waterways), wind energy projects (such as the Prince Wind Project and Ontario wind farms), solar energy projects (including the Spring Coulee Solar Project in Alberta), and battery energy storage systems (BESS projects in Ontario). Additionally, Evolugen is developing green hydrogen projects in partnership with Gazifère. The company operates across Canada from British Columbia to Quebec, with a focus on partnership with Indigenous communities. Key facilities include the High Falls hydroelectric facility (109 MW, ECOLOGO® certified), Spring Coulee Solar (42 MW), and BESS projects (Fitzroy 250 MW and Trail Road 150 MW).
Differentiator
Problem solved
Functional benefit
Products and services
- Hydroelectric Power Generation Operates and develops hydroelectric facilities across Canada, including assets on the Lièvre River (Quebec) and the Mississagi River (Ontario), selling renewable electricity to utility and corporate customers under long-term PPAs.
- Wind Energy Projects Develops and operates wind energy projects including the Prince Wind Project (189 MW), Gosfield (51 MW), and Comber (166 MW) in Ontario, contributing to the company's diversified renewable generation portfolio.
- Solar Energy Projects Develops and operates solar energy projects including the Spring Coulee Solar Project (42 MWdc) in Alberta, featuring bifacial photovoltaic panels on single-axis trackers, with electricity sold to corporate buyers under PPAs.
- Battery Energy Storage Systems (BESS) Develops grid-scale battery energy storage projects, including the Fitzroy BESS (250 MW / 1,000 MWh) and Trail Road BESS (150 MW / 600 MWh) in Ontario, contracted by Ontario IESO to support grid reliability.
- Green Hydrogen Development Partnerships to develop green hydrogen production projects in Quebec and across Canada, in collaboration with Gazifère (an Enbridge company).
- High Falls Hydroelectric Facility 109 MW hydroelectric generating facility on the Lièvre River in Bowman, Quebec, ECOLOGO certified under UL 2854-2010 as a low-impact renewable electricity product.
- Spring Coulee Solar Project 42 MWdc solar project with more than 70,000 bifacial photovoltaic panels on single-axis trackers across 204 acres, generating approximately 70 GWh annually for Scotiabank under a 15-year PPA.
- Fitzroy Battery Energy Storage System 250 MW battery storage project with 1,000 MWh of energy storage located in Ottawa, Ontario, developed in partnership with Algonquins of Pikwakanagan First Nation and contracted by Ontario IESO.
- Trail Road Battery Energy Storage System 150 MW battery storage project with 600 MWh of energy storage located in Ottawa, Ontario, developed in partnership with Algonquins of Pikwakanagan First Nation and contracted by Ontario IESO.
- Powell River Energy Facilities Hydroelectric facilities on Lois Lake and Powell Lake in British Columbia, owned and operated by Powell River Energy Inc. (PREI), an entity forming part of the Evolugen group, with combined 75 MW capacity powering approximately 65,360 homes annually.
Quantifiable outcome
- Lièvre hydro portfolio generates approximately 1.5 TWh annually, equivalent to powering ~90,000 homes
- +2 more outcomes
Companies that use Evolugen
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Evolugen technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Evolugen partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, minor and major.
- Algonquins of Pikwakanagan First NationcorePartnership to develop, own and operate Fitzroy BESS (250 MW / 1,000 MWh) and Trail Road BESS (150 MW / 600 MWh) projects in Ontario. Projects represent ~$1 billion investment in clean energy technology. Creates long-term sustainable economic benefits for the First Nation while expanding their leadership in renewable energy.
- Canadian Wildlife FederationminorPartnership to address the loss of pollinator habitat, supporting biodiversity and ecosystem health near Evolugen's facilities.
- Tla'amin NationmajorMemorandum of Understanding (MOU) to enhance collaboration and communication, and advance innovative activities in Tla'amin Territory. PREI (Powell River Energy Inc.) acquired full ownership of hydroelectric facilities on the mill site in 2013. MOU recognizes Tla'amin's historical connection to the territory and commits to land and resource management opportunities.
- Scotiabankcore15-year renewable energy Power Purchase Agreement (PPA) for 42 MW Spring Coulee Solar project in Alberta. Scotiabank is the sole proprietor, purchasing 100% of emission-free renewable electricity. The agreement supports Scotiabank's goal of 100% non-emitting electricity in Canada by 2025 and decarbonization commitments.
- Hydro-Québeccore40-year escalating electricity purchase agreement under which Hydro-Québec purchases output from the Lièvre hydro portfolio (263 MW capacity). The facilities contribute approximately 1.5 TWh annually, equivalent to powering ~90,000 homes. Evolugen remains the operator of the facilities. Deliveries began December 31, 2021.
- Gazifère (Enbridge)majorPartnership to develop green hydrogen in the Outaouais region and across Canada. One of Canada's largest green hydrogen injection projects located in Quebec.
- 'Namgis First NationmajorEquity partnership with 'Namgis First Nation in the development of the Kokish River Hydro Project (45 MW) on Vancouver Island, British Columbia. Award-winning facility commissioned in 2014.
- PCL SolarmajorPrime contractor for Spring Coulee Solar project. Expertly managed engineering, procurement and construction, overseeing peak workforce of 200 employees and contractors.
Scale indicators7 records
Recent moves8 records
Expansion highlights6 records
Evolugen competitors and assessment
Company assessmentBroad incumbents
- TransAlta: One of Canada's largest power generators, transitioning from coal to renewables (wind, solar, hydro) with a substantial Alberta and Ontario footprint. Broader incumbent with legacy thermal generation alongside growing renewables portfolio.
- Capital Power Corporation: Alberta-headquartered power generator with growing renewable (wind/solar) and BESS capacity. Overlaps with Evolugen's Alberta solar footprint (Spring Coulee) and Ontario storage interest, though still a meaningful thermal IPP.
- Pattern Energy Group: Global renewable IPP (now owned by Canada Pension Plan) with sizable wind and solar portfolios across North America, Spain, and Japan. Comparable in utility-scale renewable development and PPA-heavy revenue model, though much larger in scale.
- NextEra Energy Resources: World's largest renewable energy operator and storage developer (subsidiary of NextEra Energy). Comparable in multi-technology renewable and storage project development at utility scale, with similarly long-dated PPA structures.
- Clearway Energy: U.S.-listed renewable IPP with wind, solar, and battery storage across the U.S. Long-term corporate and utility PPAs mirror Evolugen's offtake model; useful comp for storage-heavy revenue trajectory.
Others
- Brookfield Renewable Partners: Public parent company of Evolugen and one of the world's largest renewable power platforms. While a parent rather than competitor, it is the most directly comparable IPP for valuation cross-reference and benchmarking long-term PPA economics.
Direct peers
- Innergex Renewable Energy: Canadian renewable energy IPP focused on hydroelectric, wind, solar, and storage with long-term PPAs across Canada and internationally. Closest publicly traded comp to Evolugen in terms of technology mix, geography, and offtake model.
- EDF Renewables (North America): North American arm of EDF's renewable IPP business, operating wind, solar, and storage in Canada and the U.S. Comparable as a utility-affiliated renewable developer with multi-technology development capability.
- Boralex: Quebec-headquartered renewable IPP operating hydro, wind, solar, and storage assets in Canada, the U.S., and Europe. Comparable technology stack and Quebec operating base to Evolugen, with overlap in long-tenor corporate PPAs.
- Northland Power: Canadian power generator with significant renewable energy exposure including onshore wind, solar, and offshore wind in development. Comparable in being a Canadian-listed developer/operator with diversified renewable generation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Evolugen social profiles
Digital presenceEvolugen compliance and trust
Trust signalCompliance2 records
Evolugen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evolugen leadership team
Management profileNumber of profiles
Profiles1 record
Evolugen subsidiaries and ownership
Company hierarchySubsidiaries1 record
Evolugen funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evolugen 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 Evolugen
What does Evolugen do?
Evolugen operates and develops renewable electricity generation facilities across Canada, spanning hydroelectric, wind, solar, and battery energy storage system (BESS) technologies. The company sells renewable electricity and associated environmental attributes through long-term Power Purchase Agreements (PPAs) with corporate, utility, and government customers, with contract terms ranging from 15 to 40 years. It also partners with Indigenous communities as equity partners in multiple generation and storage projects across Ontario, Quebec, British Columbia, and Alberta.
Is Evolugen a public or private company?
Evolugen is a private company. It is classified as corporate owned and is currently operating.
When was Evolugen founded?
Evolugen was founded in 1999. It employs 251 to 500 people.
Where is Evolugen based?
Evolugen is headquartered in Gatineau, Canada, in the North America region.
How does Evolugen make money?
One revenue line is on record: power Purchase Agreements (PPAs).
Who are Evolugen's main competitors?
Broad incumbents on record are TransAlta, Capital Power Corporation, Pattern Energy Group, NextEra Energy Resources and Clearway Energy. Brookfield Renewable Partners is listed as an others. Direct peers are Innergex Renewable Energy, EDF Renewables (North America), Boralex and Northland Power.
Does Evolugen have an API?
No public API is recorded for Evolugen.
What industry is Evolugen in?
Evolugen's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAEAMAA, Utility-Scale Power Generation Asset Management. Its NAICS code is 22111 and its SIC code is 4911.