Enfinite

What Enfinite does

Enfinite is a Calgary-headquartered, Alberta-incorporated independent power producer and energy infrastructure owner-operator (legal entity 2569059 Alberta Inc.), active in Alberta and British Columbia. The company's operations fall into two lines. The first is utility-scale battery energy storage: the proprietary eReserve BESF program, comprising nine operational lithium-ion Battery Energy Storage Facilities totaling 180 MW/315 MWh, deployed using Tesla Megapack technology and interconnected to ATCO and AltaLink substations to provide frequency regulation, capacity, and demand response services to the Alberta Electric System Operator (AESO) and the Alberta Interconnected Electric System. The second is dispatchable power generation, comprising approximately 40 MW across five facilities that burn natural gas (e.g., Bellshill, Shaunavon), recover waste heat from industrial exhaust using Organic Rankine Cycle (ORC) technology (Crowsnest), and convert waste gas from upstream oil and gas operations via microturbines and reciprocating engines (Galloway, West Cadotte).

The business model is asset-based infrastructure revenue. Enfinite earns recurring capacity and ancillary services payments from grid operators (AESO, AIES, BC Hydro) for frequency regulation and grid stability, plus usage-based revenue from power generation sold to utilities and grid operators. Revenue streams are contracted under regulated Alberta and British Columbia frameworks, with regulatory backing in the form of AUC Rule 007 Facility Applications and direct grid integration approvals. There is no publicly disclosed pricing; contracts appear to flow from direct B2B field sales to a small set of utility and system-operator counterparties. Enfinite has two further 100 MW BESF projects (Laramide and Hutchison) advancing through AUC permitting, indicating an active project development pipeline that would roughly double operational battery capacity if commissioned.

Corporate structure and sponsorship are concentrated. Enfinite is privately held and backed by TD Greystone Infrastructure Fund (TD Asset Management), with multiple TD Greystone fund vehicles as the financial sponsor. Three TD Asset Management infrastructure executives sit on the board alongside an independent director and the CEO. The company is reported as Canada's largest battery operator, employs 11–50 people, and pursues ESG disclosure through GRESB Infrastructure Assessment participation. Revenue figures are not publicly disclosed, and Enfinite has not been observed pursuing public market listings.

Name

Enfinite

Legal name

2569059 Alberta Inc.

Website

https://enfinite.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Enfinite is a Calgary-based independent power producer and energy storage owner-operator that owns and operates Canada's largest battery storage fleet (180 MW/315 MWh across nine Tesla Megapack facilities) plus 40 MW of dispatchable generation, selling grid services to AESO, AIES, BC Hydro, and Alberta utilities under TD Greystone sponsorship.

Ownership category

akta.pro rank

Product category

Energy Storage and Generation Services

NAICS

Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)

akta.pro secondary industries

Battery Safety Engineering (Fire Detection/Suppression, Hazard Mitigation) & Code Compliance (EUAEAEAI), Battery Containerization, Enclosures & HVAC / Thermal Management Integration (EUAEAEAH)

Keywords

• Battery energy storage
• Grid stability services
• Frequency regulation
• Natural gas generation
• Waste heat recovery

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Storage Capacity Services: Revenue generated from battery energy storage facilities (BESF) providing grid stability, frequency regulation, and demand response services to grid operators including AESO.
2. Power Generation: Revenue from natural gas and waste gas to power generation facilities generating dispatchable electricity sold to utilities and grid operators.
3. Waste Heat to Power Generation: Revenue from capturing and converting thermal energy from industrial exhaust gases into electricity through ORC technology.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Enfinite develops, owns, and operates utility-scale battery energy storage facilities (BESF) under its eReserve program as well as dispatchable power generation facilities fueled by natural gas, waste heat, and waste gas. Its battery storage portfolio comprises nine operational facilities totaling 180 MW/315 MWh, making it the largest battery operator in Canada, and it provides grid stability, frequency regulation, and demand response services to grid operators including the Alberta Electric System Operator (AESO) and BC Hydro.

Product overview

Enfinite operates a diversified portfolio of power generation and energy storage assets across Alberta and British Columbia, functioning as a power generation and energy storage owner-operator. The company's core offerings include the eReserve Battery Energy Storage Facilities (BESF) program, which provides utility-scale lithium-ion battery storage for grid reliability and frequency regulation; natural gas power generation facilities; waste heat to power generation using Organic Rankine Cycle technology; and waste gas to power generation utilizing microturbines. Enfinite operates nine battery storage facilities (eReserve1-9) totaling 180 MW/315 MWh, five generation facilities producing 40 MW from natural gas and waste heat, and has additional BESF projects in development including Laramide (100 MW) and Hutchison (100 MW). The company delivers end-to-end solutions from strategic siting and design through construction and reliable operation.

Differentiator

Problem solved

Functional benefit

Products and services

• eReserve Battery Energy Storage Facilities (BESF) Enfinite's flagship utility-scale lithium-ion battery energy storage program comprising nine operational Battery Energy Storage Facilities across Alberta that store and discharge electricity to balance grid supply and demand, provide frequency regulation, and enhance grid reliability during peak demand periods.
• Natural Gas Power Generation Dispatchable power generation facilities that burn natural gas in combustion turbines or reciprocating engines to produce electricity, providing efficient and flexible baseload generation capacity for utilities and grid operators.
• Waste Heat to Power Generation (WHP) Facilities that capture thermal energy from industrial exhaust gases and convert it to electricity using an Organic Rankine Cycle (ORC) process, increasing overall energy efficiency by converting waste heat into usable power for sale to utilities.
• Waste Gas to Power Generation Power generation facilities that utilize waste gas from neighboring oil and gas production facilities as fuel in microturbines or reciprocating engines, converting mechanical energy to power and reducing flaring.
• Crowsnest Waste Heat to Power Facility 7 MW waste heat to power generation facility located in Crowsnest Pass Municipality near Sparwood, British Columbia, exporting power to BC Hydro.
• Bellshill Natural Gas Facility 5 MW natural gas to power generation facility located within Harvest Energy's operational gas plant in Alberta.

Named customers4 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, major, supporting and minor.

• Tesla EnergycoreTechnology or IntegrationTesla has supplied Enfinite with Megapack utility-scale battery energy storage systems for their nine Battery Energy Storage Facilities across Alberta since 2020. Tesla collaborated closely with Enfinite from site design through deployment and ongoing service and operations. The 180 MW / 315 MWh of Megapacks have delivered historic levels of output during periods of high energy demand due to extreme cold conditions, providing crucial defense against rolling blackouts.
• ICONIC Power SystemsmajorImplementation/ SI/ Consulting PartnerICONIC Power Systems was awarded the construction contract for building and energizing Enfinite's eReserve1 (Rycroft, 20 MW), eReserve2 (Irma, 20 MW), and eReserve3 (Clairmont, 20 MW) Battery Energy Storage Facility projects. Their integrated service offering streamlined procurement, site development, construction and reclamation processes. The partnership continued with collaborations on eReserves4 through 6.
• Sabre Instrument Services Ltd.supportingImplementation/ SI/ Consulting PartnerSabre Instrument Services Ltd. secured the contract for constructing switchgear, procuring associated equipment, and assembling control buildings (eHouses) for Enfinite's eReserve4 & 6 (Nilrem, 40MW) and eReserve5 (Hughenden, 20 MW) Battery Energy Storage Facility projects. They delivered comprehensive solutions for an intuitive and dedicated control system.
• Valard ConstructionmajorImplementation/ SI/ Consulting PartnerValard was awarded the Procurement (Balance of Plant) and Construction contracts for the eReserve 7&8 (Wapiti 40MW) and eReserve 9 (Goodfare 20MW) projects. In collaboration with Enfinite and Maskwa, they addressed procurement and construction issues and implemented solutions as a cohesive project team, culminating in on-time delivery.
• Maskwa High Voltage Ltd.supportingImplementation/ SI/ Consulting PartnerMaskwa High Voltage Ltd. was awarded the Engineering, Environmental Planning & Permitting contract for Enfinite's eReserve 7&8 (Wapiti 40MW) and eReserve 9 (Goodfare 20MW) BESS projects. They worked closely with Enfinite, Valard, AESO and major equipment vendors to address engineering, construction, and commissioning challenges.
• IPPSA (Independent Power Producers Society of Alberta)minorOthersEnfinite is a member of IPPSA, an industry association for independent power producers in Alberta.
• Women PowerminorOthersEnfinite is listed as a member/supporter of Women Power organization, indicating commitment to diversity and inclusion in the energy sector.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• esVolta: Pure-play utility-scale BESS developer and owner-operator in North America, monetizing capacity, energy, and ancillary services. Mirrors Enfinite's recurring revenue model from BESS fleet operations.
• Convergent Energy and Power: North American BESS owner-operator with a comparable develop/own/operate model targeting utilities and grid operators, including Canadian projects. Closest direct analog to Enfinite's eReserve-style platform strategy.
• Jupiter Power: U.S. independent power producer focused on utility-scale battery energy storage projects with multi-hundred-MW operating and development portfolios. Comparable scale and market structure to Enfinite's Alberta base.
• Rev Renewables: Owner-operator of utility-scale energy storage and dispatchable generation assets in North America, with a similar hybrid storage-plus-generation approach to Enfinite.
• Hydrostor: Canadian-headquartered long-duration energy storage developer with utility-scale projects under long-term contracts. Comparable Canadian-listed energy storage developer with a similar target customer (grid operators / utilities).
• BW ESS: Global battery energy storage owner-operator backed by BW LPG with projects in the U.S., U.K., and Australia. Competes directly with Enfinite for utility-scale BESS opportunities and capital.

Broad incumbents

• Fluence Energy: Largest listed pure-play BESS technology and asset provider globally, also operating its own projects. Broader incumbent competing with Enfinite for the same utility and IPP customers across North America.
• Capital Power: Major Alberta-based independent power producer with a diversified generation portfolio including natural gas and renewables, increasingly adding storage. Overlaps with Enfinite on dispatchable generation and Alberta market exposure.
• TransAlta: Long-established Alberta-headquartered IPP with a large fleet of natural gas, wind, hydro, and increasingly storage assets. Competes with Enfinite in Alberta capacity and ancillary-services markets at a much larger scale.
• EDF Renewables North America: Large subsidiary of EDF with material BESS project pipeline in the U.S. and Canada, including co-development and standalone storage assets. Competes for the same utility-scale BESS RFPs Enfinite targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/enfinite

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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 Enfinite