Hydromega
Hydromega manages renewable energy facilities to efficiently produce and distribute wind, hydroelectric, and solar energy to residents.
- Company typePrivate
- Founded1987
- HeadquartersMontréal, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Hydromega does
Hydromega manages renewable energy facilities to efficiently produce and distribute wind, hydroelectric, and solar energy to residents.
Hydromega firmographics
Firmographics- Name
- Hydromega
- Legal name
- HYDROMÉGA Services Inc.,
- Website
- https://hydromega.com/
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Hydromega manages renewable energy facilities to efficiently produce and distribute wind, hydroelectric, and solar energy to residents.
- Ownership category
- akta.pro rank
Hydromega industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Hydroelectric Power Generation (221111), Electric Power Generation (22111)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance) (EUAMADAE)
- akta.pro secondary industry
- Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension) (EUACAEAG)
Keywords
Where Hydromega is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Markets served
Hydromega business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain
Hydromega product offering
Product offeringCore offering
Hydromega manages and operates renewable energy facilities, primarily hydroelectric generation assets, along with wind and solar energy production, in the Canadian provinces of Quebec and Ontario. The company is part of FirstLight's Canadian platform alongside H2O Power, focused on clean electricity generation, energy storage, and renewable asset management under PSP Investments' ownership.
Product overview
Hydromega is part of FirstLight's Canadian operations alongside H2O Power, spanning Quebec and Ontario. As a hydroelectric and renewable energy platform, Hydromega is involved in hydroelectric generation, energy storage, and renewable asset management. The available source data does not provide specific named product offerings, modules, or detailed service descriptions beyond this general operational context.
Differentiator
Problem solved
Functional benefit
Products and services
- Hydroelectric Power Generation Operation of hydroelectric generation facilities producing clean electricity from water resources in Quebec and Ontario for distribution to utilities and grid markets.
- Wind Energy Generation Operation of wind energy facilities producing renewable electricity as part of Hydromega's diversified renewable asset portfolio in Canada.
- Solar Energy Generation Operation of solar energy facilities producing renewable electricity as part of Hydromega's diversified clean energy portfolio in Quebec and Ontario.
- Energy Storage Services Energy storage capabilities supporting grid reliability and integration of intermittent renewable generation within Hydromega's Canadian operations.
- Renewable Asset Management Management and operational oversight of renewable energy assets across hydroelectric, wind, and solar facilities within FirstLight's Canadian platform.
Companies that use Hydromega
Customer profileSegments1 record
Ideal customer profiles1 record
Hydromega technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Hydromega partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- FirstLightcoreFirstLight is the parent entity that encompasses Canadian operations including Hydromega and H2O Power. FirstLight's Canadian platform spans Quebec and Ontario, operating hydroelectric generation, energy storage and renewable assets.
- H2O PowercoreH2O Power is the sister company of Hydromega under PSP Investments' Canadian platform. Together with Hydromega, it forms FirstLight's Canadian operations spanning Quebec and Ontario.
Recent moves4 records
Hydromega competitors and assessment
Company assessmentDirect peers
- H2O Power: Sister company under FirstLight's Canadian platform alongside Hydromega; operates hydroelectric facilities in Ontario with a closely comparable asset base, customer mix, and operational model, making it the single most directly comparable peer.
- Innergex Renewable Energy: Canadian independent renewable power producer with significant hydroelectric, wind, and solar assets across Quebec, Ontario, and beyond; competes for the same PPAs and operates a similar generation-and-storage platform structure.
- Boralex: Quebec-headquartered renewable energy operator with a substantial hydroelectric and wind/solar portfolio; directly comparable to Hydromega in geography (Quebec/Ontario focus), asset mix, and offtake model.
- Northland Power: Canadian power producer with renewable and conventional generation assets, including hydroelectric facilities; competes in similar Canadian wholesale power markets and pursues comparable renewable growth strategies.
Broad incumbents
- Brookfield Renewable Partners: One of the largest publicly traded renewable platforms globally, with deep hydroelectric holdings in Quebec and Ontario; a far larger incumbent competing for the same long-term clean firm-power opportunities as Hydromega.
- Algonquin Power & Utilities: North American renewable and regulated utility operator with hydroelectric and wind assets; competes in similar Canadian and US markets and offers an overlapping clean-energy generation profile.
- TransAlta: Alberta-headquartered power generator with hydroelectric and wind/solar assets across Canada; comparable in asset class (incl. hydro) and Canadian wholesale market participation.
- Capital Power: Canadian power producer increasingly pivoting toward renewables including hydroelectric and energy storage; overlaps with Hydromega in generation mix and decarbonization strategy.
- Hydro-Québec: Provincial Crown corporation dominating Quebec hydroelectric generation and grid operations; the dominant incumbent in Hydromega's primary market and a frequent counterparty and competitor for new renewable capacity.
- Ontario Power Generation: Provincial generator with substantial hydroelectric and renewable assets across Ontario; competes with and partners alongside Hydromega in the Ontario wholesale power market.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Hydromega financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hydromega leadership team
Management profileNumber of profiles
Hydromega funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hydromega 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 Hydromega
What does Hydromega do?
Hydromega manages and operates renewable energy facilities, primarily hydroelectric generation assets, along with wind and solar energy production, in the Canadian provinces of Quebec and Ontario. The company is part of FirstLight's Canadian platform alongside H2O Power, focused on clean electricity generation, energy storage, and renewable asset management under PSP Investments' ownership.
Is Hydromega a public or private company?
Hydromega is a private company. It is classified as private equity controlled and is currently operating.
When was Hydromega founded?
Hydromega was founded in 1987. It employs 11 to 50 people.
Where is Hydromega based?
Hydromega is headquartered in Montréal, Canada, in the North America region.
Who are Hydromega's main competitors?
Direct peers on record are H2O Power, Innergex Renewable Energy, Boralex and Northland Power. Broad incumbents are Brookfield Renewable Partners, Algonquin Power & Utilities, TransAlta, Capital Power, Hydro-Québec and Ontario Power Generation.
Does Hydromega have an API?
No public API is recorded for Hydromega.
What industry is Hydromega in?
Hydromega's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAMADAE, Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance), with a secondary code of EUACAEAG, Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension). Its NAICS code is 221111 and its SIC code is 4911.