Greenwatt

What Greenwatt does

Greenwatt is a privately held Canadian energy technology company that designs, sells, and installs Combined Heat & Power (CHP) cogeneration systems based on low-cost natural gas, targeting on-site simultaneous generation of electricity and thermal energy. Its core product line centers on micro-cogenerator units such as the GW-7, marketed at 92-96% efficiency with claimed residual cost reductions of up to 25%, and a remote monitoring and data-mining software layer intended to enable predictive maintenance and investor-facing asset management. The company's stated applications span heating, cooling, hot water, and industrial uses for multi-family residential buildings, commercial facilities (hotels, hospitals, nursing homes, offices, restaurants, sports centers), retail, and agricultural operations.

The company operates from a Toronto, Canada headquarters and a New York regional office, with active or planned installations in Ontario (Waterloo pilot) and the US Northeast (Bronx, Long Island City, Irvington Township). Greenwatt generates revenue through a mix of one-time CHP equipment sales and installation, turnkey engineering and project management services, and a managed asset management/remote monitoring layer aimed at real estate investors and private equity partners. Its go-to-market is sales-led and enterprise-focused, with named channel relationships including Livolt (a zero-capital turnkey energy partner in NYC under a 40-unit MOU) and collaborations with engineering firms on new-construction projects. The team is small (1-10 employees), there is no disclosed institutional funding, and historical evidence of scaled commercial traction is limited to pilot-stage projects through 2018-2019.

Name

Greenwatt

Legal name

Greenwatt

Website

https://greenwattcanada.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Greenwatt designs and installs Combined Heat & Power (CHP) cogeneration systems using natural gas, plus remote monitoring and asset management services, for multi-family residential, commercial, retail, and agricultural customers in Canada and the US Northeast.

Ownership category

akta.pro rank

Product category

Combined Heat and Power (CHP) Cogeneration Equipment

NAICS

Fossil Fuel Electric Power Generation (221112)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Commercial/Institutional CHP (Hospitals, Universities, Data Centers, Campuses) (EUACAKAJ)

akta.pro secondary industries

Gas-Fired CHP / Cogeneration (Industrial & District Energy) (EUACABAD), Natural Gas CHP (Industrial & Utility-Scale) (EUACAKAA), District Energy & Community CHP (District Heating/Cooling Networks) (EUACAKAH)

Keywords

• Combined heat power
• Cogeneration systems
• Micro cogenerators
• Onsite power generation
• Natural gas CHP

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. CHP Equipment Sales and Installation: Sale and installation of combined heat and power cogeneration units to generate electricity and thermal energy on-site
2. Engineering and Project Management Services: Turnkey solutions including engineering, installation, and aftermarket support for integrating CHP systems into existing electrical and heating infrastructure
3. Asset Management Services: Remote monitoring and data-mining technology services to empower investors with mechanisms to maximize returns on their CHP investments

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Greenwatt designs, sells, and installs Combined Heat and Power (CHP) cogeneration systems, notably the GW-7 micro-cogenerator, that use low-cost natural gas to simultaneously produce electricity and heat at 92-96% efficiency. The company delivers turnkey solutions that include engineering, installation, and aftermarket support, and complements the hardware with remote monitoring and data-mining services for asset management and predictive maintenance.

Product overview

GREENWATT offers a unified portfolio of Combined Heat & Power (CHP) cogeneration technology, centered on its micro-cogenerator units like the GW-7. The company delivers turnkey solutions encompassing engineering, installation, and aftermarket services, complemented by asset management and remote monitoring capabilities that enable predictive maintenance and profit-generating asset management. The CHP technology targets applications including heating, cooling, hot water, and industrial uses across multiple sectors such as condominiums, offices, restaurants, hotels, greenhouses, hospitals, and nursing homes.

Differentiator

Problem solved

Functional benefit

Products and services

• CHP Cogeneration Systems (GW-7 Micro-Cogenerator) Combined Heat and Power cogeneration units, including the GW-7 micro-cogenerator, that use natural gas to simultaneously produce electricity and heat on-site for multi-family residential, commercial, and industrial customers.
• Turnkey CHP Solutions End-to-end engineering, installation, and aftermarket services that integrate CHP systems into existing electrical and heating infrastructure, including new construction collaboration with engineering firms.
• Asset Management and Remote Monitoring Subscription-style remote monitoring and data-mining service that enables investors and asset owners to track CHP system performance, run predictive maintenance, and maximize returns on distributed energy assets.

Quantifiable outcome

• 92-96% energy efficiency (vs conventional systems)
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• LivoltcoreGTM or Marketing Partner · 15 October 2017Greenwatt signed MOU with Livolt to install 40 CHP units in NYC properties. Livolt offers an innovative solution lowering energy consumption with zero-capital requirements from customers, providing a 'one stop shop' including engineering, financing, building, and maintenance. Energy savings of 40-60% claimed for customers.
• Local Partner (Waterloo, Ontario)minorStrategic or Co-development Partner · 13 October 2017MOU signed with local partner in Waterloo, Ontario, Canada to start pilot projects in retailer and farmer spaces. The project aims to prove the innovative system and demonstrate energy and cost savings.
• Engineering FirmsminorStrategic or Co-development PartnerGreenwatt collaborates with engineering firms on new construction developments, employing real-time project management skills to deliver robust systems on-time and on-budget.

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Capstone Green Energy: Manufacturer of microturbine-based CHP/cogeneration systems for commercial, industrial, and multi-family buildings. Directly comparable to Greenwatt's natural-gas micro-CHP offering, with a much larger installed base and global service network.
• Clarke Energy: Distributor and integrator of gas-engine and turbine-based CHP solutions (INNIO/Jenbacher, MWM) for commercial, institutional, and industrial customers. Comparable turnkey CHP business model in the same target verticals.
• 2G Energy: Producer of small- to medium-scale natural gas CHP units (CHPs) for residential, commercial, and industrial customers. Closely comparable technology profile and target customer segments to Greenwatt's GW-7 micro-cogenerator.
• Yanmar Energy Systems: Supplies micro-CHP (gas engine) units for residential and light commercial applications, including apartment and small commercial buildings. Directly comparable product category and customer base to Greenwatt.

Broad incumbents

• ENGIE Distributed Energy / BDR Thermea: ENGIE's distributed energy business and partners such as BDR Thermea deliver on-site gas CHP and heating solutions to residential and commercial buildings across Europe and North America, overlapping with Greenwatt's customer profile.
• Cummins Power Generation: Provides natural gas and diesel generator sets and CHP solutions for commercial, institutional, and industrial facilities. Overlaps with Greenwatt in on-site natural gas power and heat applications.
• INNIO (Jenbacher / Waukesha): Major OEM of natural gas engines and CHP/cogeneration systems for industrial, utility, and district energy applications. Serves the same customer verticals at larger scale and represents a key incumbent competitor.
• Veolia (District Energy / Energy Services): Operates district energy and on-site energy/CHP networks for commercial, institutional, and municipal customers. Comparable in serving buildings and campuses with combined heat and power solutions, though at much larger scale.

Emerging players

• Bloom Energy: Deploys solid-oxide fuel cell systems for on-site power and CHP at commercial and industrial sites. Targets the same 'behind-the-meter' energy cost and resilience problem as Greenwatt, but with a fuel-cell rather than engine-based architecture.

Others

• Caterpillar (CAT) Power Generation: Supplies gas-engine generator sets and CHP systems across commercial, institutional, and industrial markets. Competes in the same natural-gas CHP space as Greenwatt, but at significantly larger scale and with a global service footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/greenwatt-canada
• Xx.com/greenwattc
• Facebookfacebook.com/greenwattcanada

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Greenwatt