PowerON Energy Solutions
- Company typePrivate
- Founded2019
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
PowerON Energy Solutions firmographics
Firmographics- Name
- PowerON Energy Solutions
- Legal name
- PowerON Energy Solutions
- Website
- https://poweronenergy.ca
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
PowerON Energy Solutions industry classification
Industry- Product category
- Fleet Electrification Infrastructure Services
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Electric Power Distribution (221122)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- EV Charging Grid Integration Services (Utility Make-Ready, Load Management Integration) (EUAEANAJ)
- akta.pro secondary industry
- EV Charging Infrastructure & Management (EDALAKAI)
Keywords
Where PowerON Energy Solutions is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
PowerON Energy Solutions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Infrastructure-as-a-Service (IaaS): PowerON designs, builds, co-invests, owns, and operates charging infrastructure on behalf of clients. Transit operators and fleet operators transfer design, construction, and operational risk to PowerON while focusing on core vehicle operations. Revenue is generated through long-term service contracts with performance guarantees.
- Energy-as-a-Service (EaaS): Comprehensive energy management including electricity supply, demand charge optimization, and grid services revenue. PowerON guarantees electricity costs and can minimize Global Adjustment charges for Ontario transit operators, generating estimated annual savings of $800K-$2.5M per 260-bus facility.
- Engineering, Procurement, and Construction Management: Professional services for end-to-end project delivery including site assessments, electrical load analysis, charger layout planning, power distribution design, permitting support, utility coordination, procurement, and construction oversight.
- Clean Fuel Regulations (CFR) Credit Management: Turnkey CFR credit services from compliance reporting to revenue generation for transit, commercial vehicles, and marine vessels. Estimated revenues of $1,500-$2,000 per light-duty vehicle and $12,000-$25,000 per Class 8 vehicle including transit buses annually.
- Fleet Electrification Planning and Consulting: Strategic roadmaps, infrastructure readiness assessments, power capacity planning, total cost of ownership analysis, and funding application support for organizations transitioning to electric fleets.
- At-Home EV Charging Services: End-to-end home charging services for fleet vehicles including installation, energy use tracking, and reimbursement management. Revenue from consolidated invoicing and service fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Charging-as-a-Service (CaaS) - Full-service infrastructure ownership and operation |
| Subscription | Multi-year contract | Energy-as-a-Service (EaaS) - Complete energy management |
| Transaction based/ take rate | Annual | CFR Credit Revenue Share |
| Other | Multi-year contract | Professional Services - Project-Based Consulting |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
PowerON Energy Solutions product offering
Product offeringCore offering
PowerON Energy Solutions plans, delivers, owns, and manages electric vehicle charging infrastructure for commercial fleets, transit agencies, municipalities, and marine operators across Canada. The company provides end-to-end services including feasibility planning, engineering, procurement, construction, financing, operations, and maintenance, typically delivered through Charging-as-a-Service (CaaS) and Energy-as-a-Service (EaaS) models under long-term performance contracts with financial uptime guarantees.
Product overview
PowerON Energy Solutions is a fleet electrification company offering an integrated platform of infrastructure solutions backed by Ontario Power Generation's century-long legacy. The core portfolio consists of four industry-specific electrification services: Transit Fleet Electrification (for public bus transportation), Last Mile & Logistics Electrification (for delivery and freight), Emergency Services Electrification (for fire trucks, police, and ambulances), and Marine Ferry Electrification (for vessel charging). Supporting these core offerings are modular add-on services including Electrification Planning, Financial Services, Engineering & Design, Project Management, Energy Management Optimization, Operations and Maintenance, and Pilot Services. These are delivered through flexible service models including Charging-as-a-Service (CaaS), Energy-as-a-Service (EaaS), and a Vendor of Record (VOR) Program. Recent additions include a Smart Charge Management Solution using BetterFleet/ABB integration, At-Home EV Charging for distributed fleets, and Clean Fuel Regulations Management Services for credit generation.
Differentiator
Problem solved
Functional benefit
Products and services
- Transit Fleet Electrification Large-scale high-power charging infrastructure for zero-emissions 100% electric public bus transportation, including pantograph and DC fast charging systems delivered under long-term performance contracts with public transit agencies such as the Toronto Transit Commission.
- Last Mile and Logistics Electrification
Quantifiable outcome
- Utility upgrade cost avoidance of $1.2 million at TTC McNicoll through BESS deployment
- +8 more outcomes
Companies that use PowerON Energy Solutions
Customer profileNamed customers20 records
Segments4 records
Ideal customer profiles4 records
PowerON Energy Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability2 records
Feature7 records
PowerON Energy Solutions partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- BetterFleetcoreSmart charge management solution partnership for TTC electric bus fleet. BetterFleet's charge management platform integrated with ABB E-mobility chargers enables optimized charging sequences and dynamic load management. PowerON engaged BetterFleet as subcontractor for the TTC project.
- ABB E-mobilitycoreHardware and charger technology partnership for smart charge management solution. ABB E-mobility provides DC fast charging hardware integrated with BetterFleet software under PowerON's managed solution for the TTC.
- Turner ConstructionminorElectrification infrastructure partnership in Oakville, Canada. Turner Construction is collaborating with PowerON on construction management activities as part of PowerON's fleet electrification projects. Turner brings construction expertise to the partnership while PowerON provides electrification technology and energy management capabilities.
- Various EVSE and Energy Technology PartnerscorePowerON partners with world leaders in EVSE, energy management, and fleet management sectors. Custom-engineered solutions integrate best-in-class technologies. The company maintains vendor-neutral approach ensuring optimal technology selection for each client's specific needs.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
PowerON Energy Solutions competitors and assessment
Company assessmentDirect peers
- TeraWatt Infrastructure: TeraWatt builds, owns, and operates charging depots for commercial fleets under long-term service agreements, mirroring PowerON's Infrastructure-as-a-Service and Energy-as-a-Service model for trucks, buses, and delivery vehicles.
- Highland Electric Fleets: Highland provides turnkey fleet electrification services including vehicle leasing, charging infrastructure, and energy management for school buses, transit, and delivery fleets using a similar ownership-and-operate model.
- SWTCH Energy: SWTCH deploys and manages EV charging for multi-tenant and commercial fleet properties, including smart energy management and load balancing similar to PowerON's intelligent charge management stack.
- FLO (AddÉnergie): FLO is a leading Canadian EV charging network with DC fast chargers, Level 2 stations, and a cloud management platform competing directly for public transit and fleet charging contracts in Canada.
- Nuvve Holding Corp. Nuvve provides V2G charging and energy management for electric school bus and fleet deployments, overlapping with PowerON's grid services and battery-integrated charging value proposition.
Broad incumbents
- ChargePoint Holdings: ChargePoint is a broad network of EV charging hardware and software across commercial and fleet segments globally, providing competing infrastructure though without PowerON's owned-asset service model.
- ABB E-mobility: ABB E-mobility is PowerON's hardware partner for DC fast chargers but also a global incumbent directly supplying transit agencies and fleet operators with competing charging equipment and software.
- WattLogic / Black & Veatch: Black & Veatch provides engineering, procurement, and construction for large-scale fleet and utility EV charging programs, overlapping with PowerON's engineering and infrastructure deployment offering.
Emerging players
- Lion Electric Company: Lion Electric is a Canadian manufacturer of electric buses and trucks whose deployments PowerON charges; it represents a complementary fleet OEM rather than a charging competitor but serves the same transit electrification pipeline.
Others
- DCC Energy / Energy-as-a-Service providers: Large energy service companies like Engie offer integrated energy-as-a-service and EV charging solutions for commercial and public-sector clients, representing adjacent ecosystem players targeting PowerON's deal profiles.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
PowerON Energy Solutions social profiles
Digital presencePowerON Energy Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
PowerON Energy Solutions leadership team
Management profileNumber of profiles
Profiles11 records
PowerON Energy Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PowerON Energy Solutions 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 PowerON Energy Solutions
What does PowerON Energy Solutions do?
PowerON Energy Solutions plans, delivers, owns, and manages electric vehicle charging infrastructure for commercial fleets, transit agencies, municipalities, and marine operators across Canada. The company provides end-to-end services including feasibility planning, engineering, procurement, construction, financing, operations, and maintenance, typically delivered through Charging-as-a-Service (CaaS) and Energy-as-a-Service (EaaS) models under long-term performance contracts with financial uptime guarantees.
Is PowerON Energy Solutions a public or private company?
PowerON Energy Solutions is a private company. It is classified as corporate owned and is currently operating.
When was PowerON Energy Solutions founded?
PowerON Energy Solutions was founded in 2019. It employs 11 to 50 people.
Where is PowerON Energy Solutions based?
PowerON Energy Solutions is headquartered in Toronto, Canada, in the North America region.
How does PowerON Energy Solutions make money?
Six revenue lines are on record. Infrastructure-as-a-Service (IaaS) is the primary driver. The others are energy-as-a-Service (EaaS), engineering, Procurement, and Construction Management, clean Fuel Regulations (CFR) Credit Management, fleet Electrification Planning and Consulting and at-Home EV Charging Services.
Who are PowerON Energy Solutions's main competitors?
Direct peers on record are TeraWatt Infrastructure, Highland Electric Fleets, SWTCH Energy, FLO (AddÉnergie) and Nuvve Holding Corp.. Broad incumbents are ChargePoint Holdings, ABB E-mobility and WattLogic / Black & Veatch. Lion Electric Company is listed as an emerging player. DCC Energy / Energy-as-a-Service providers is listed as an others.
Does PowerON Energy Solutions have an API?
No public API is recorded for PowerON Energy Solutions.
What industry is PowerON Energy Solutions in?
PowerON Energy Solutions's product category is Fleet Electrification Infrastructure Services. Its primary akta.pro industry code is EUAEANAJ, EV Charging Grid Integration Services (Utility Make-Ready, Load Management Integration), with a secondary code of EDALAKAI, EV Charging Infrastructure & Management. Its NAICS code is 2211 and its SIC code is 4911.