New Energy Corporation

What New Energy Corporation does

New Energy Corporation Inc. is a Calgary, Alberta-based renewable energy company founded in 2003 that designs, manufactures, and operates hydrokinetic turbine systems marketed under the EnviroGen brand. The company's core technology is a vertical-axis, cross-flow turbine platform available in 5kW (EVG-005) and 25kW (EVG-025) variants with both fixed-mount and floating-mount configurations, incorporating a proprietary submerged diamond bearing and direct-drive generator architecture that eliminates the gearbox. Systems are engineered to generate baseload electricity from flowing water — industrial cooling-water discharge, wastewater outflows, irrigation canals, rivers, and tidal streams — without dams or large infrastructure, with typical project sizes ranging from 50kW to over 1MW per site. The company has approximately 1–10 employees and reports a global track record spanning 35+ countries with 8+ turbines installed across industrial, utility, academic, remote-community, and defense applications.

New Energy serves four primary customer segments: industrial facility operators seeking energy recovery from cooling water, desalination, mining, and wastewater discharge (its primary segment); off-grid and remote communities near hydrokinetic resources; utility-scale grid operators in tidal and large-river contexts; and defense/military organizations needing rapidly deployable power in austere environments. Its revenue model combines hardware sales of EnviroGen turbines and mounting systems (project-based, quote-driven), multi-year Power Purchase Agreements where New Energy owns and operates the equipment and sells generated power at predetermined rates, engineering and design consulting services (site assessment, feasibility, custom manufacturing), and R&D partnerships with academic and research institutions. Go-to-market is enterprise field sales — direct engagement with plant operators, EPC companies, and infrastructure owners — supported by a global partner network expanded in 2021 across North America and Southeast Asia, and supplemented by local EPC partners for installation execution.

The company is privately held, founder/management-controlled (President/CTO Clayton Bear), with recently upgraded leadership including Executive Chairman Brian De Clare (natural-resources investment banking background), CEO Charles Dobson (appointed August 2025, ex-British Army, ex-ATCO), CFO Pat Moore (CPA, KPMG-trained, renewable-energy project finance focus), and Board Member Mike Muller (ex-CEO Vitol Asia, ex-Shell). Strategic positioning has shifted in 2025 toward defense/dual-use applications, anchored by a September 2025 hydrokinetic prototype collaboration with the U.S. Army Corps of Engineers.

Name

New Energy Corporation

Legal name

New Energy Corporation Inc.

Website

https://newenergycorp.ca

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

New Energy Corporation is a Calgary-based renewable energy company that designs and operates EnviroGen hydrokinetic turbine systems to generate baseload electricity from flowing water for industrial, off-grid, utility, and defense customers globally.

Ownership category

akta.pro rank

Product category

Hydrokinetic Power Generation Equipment

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336)

SIC

Engines & Turbines (3510), Electric Services (4911)

akta.pro primary industry

Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing (EUAMAHAF)

akta.pro secondary industries

Hydropower Turbines & Electro-Mechanical Equipment (Turbines, Generators, Governors) (EUAMADAC), Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance) (EUAMADAE)

Keywords

• Hydrokinetic turbine systems
• Renewable energy generation
• Industrial energy recovery
• Baseload power solutions
• Marine renewable energy

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Product Sales: Sale and supply of EnviroGen Power Generation Systems, including site-specific mounting and power management hardware. Associated installation and after-sale service and support contracts are available. The company sells both 5kW (EVG-005) and 25kW (EVG-025) turbine systems.
2. Power Sales via PPA: Multi-year power purchase agreements where New Energy owns and operates power generation equipment installed at customer site, selling the power produced directly to the customer at a predetermined rate. This is a recurring revenue model providing stable, predictable electricity generation.
3. Engineering/Design Consulting Services: Full suite of engineering and design consulting services leveraging over 20 years of industry knowledge and expertise. Services include site design/assessment, feasibility studies, custom manufacturing, and project development.
4. Research & Development: R&D services and partnerships with top research and academic institutions to improve or expand product line and service capabilities in hydrokinetic power generation systems.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

New Energy Corporation designs, manufactures and sells the EnviroGen family of hydrokinetic turbine power generation systems that convert the kinetic energy of flowing water into baseload electricity without dams or large infrastructure. Its product range spans 5kW (EVG-005) and 25kW (EVG-025) vertical-axis cross-flow turbines available in Fixed Mount and Floating Mount configurations, deployed in industrial outflows, rivers, canals, and tidal sites. Complementing the hardware, the company offers multi-year Power Purchase Agreements (PPAs), engineering/design consulting, and ongoing R&D partnerships.

Product overview

New Energy Corporation offers the EnviroGen Power Generation System family of hydrokinetic turbine products, including the EVG-005 (5kW) and EVG-025 (25kW) vertical-axis turbines available in Fixed Mount and Floating Mount configurations. The product line supports single-unit deployments as well as multi-unit arrays for scaled power generation. The company complements its hardware products with services including Product Sales (turbines, mounting hardware, installation), Power Sales (via power purchase agreements), Engineering/Design Consulting, and Research & Development partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• EnviroGen Power Generation System Advanced hydrokinetic system that generates reliable, baseload electricity from flowing water — including industrial outflow channels, rivers, canals, and tidal streams — using vertical-axis, cross-flow turbine technology with modular and scalable configurations. Used by industrial facilities, remote communities, utilities, and defense organizations to recover kinetic energy without dams or large infrastructure.
• EVG-005 (5kW Turbine) 5kW vertical-axis turbine sized for a wide range of hydrokinetic resources from industrial cooling water systems to remote river installations, delivering 5kW at 3 m/s flow velocity. Available in fixed mount and floating mount configurations, in fresh water and salt water rated variants.
• EVG-025 (25kW Turbine) 25kW vertical-axis turbine sized for larger hydrokinetic resources, including tidal sites, with minimum operating depths of 3 m (fixed) and 3.4 m (floating). Designed for multi-unit arrays and grid-scale deployments.
• Power Sales (Power Purchase Agreements) Multi-year Power Purchase Agreements under which New Energy owns and operates EnviroGen power generation equipment installed at the customer's site and sells the produced electricity at predetermined rates. Delivers stable, predictable baseload electricity to industrial, community, and utility customers without upfront capital cost to the buyer.
• Engineering/Design Consulting Services Full suite of engineering and design consulting services leveraging 20+ years of industry expertise, including site design/assessment, feasibility studies, custom manufacturing, and project development. Sold to industrial customers, communities, and government/defense clients evaluating hydrokinetic power deployments.

Quantifiable outcome

• Up to 1 Million kWh annual carbon-free power generation per 150kW installation
• +4 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• U.S. Army Corps of EngineerscoreStrategic or Co-development Partner · 30 September 2025Collaboration on hydrokinetic prototype development project. This initiative provides an important opportunity to advance operational energy technologies and develop solutions tailored to enhancing power generation capabilities in austere and off-grid environments. New Energy will contribute its expertise working closely with the U.S. Army Corps of Engineers to support the development of innovative, resilient energy solutions.
• Global Partner Network (North America and Southeast Asia)coreChannel Partner/ Reseller/ Distributor · 1 January 2021Expansion of global partner network in 2021, building key relationships specifically in North America and Southeast Asia with a focus on industrial outflows. These partners provide local support and supply chains to ensure project excellence.
• University of New HampshirecoreStrategic or Co-development Partner · 1 January 2017Living Bridge Project collaboration featuring a salt water rated 25kW system installed in a tidal estuary bringing power to a smart bridge. Partnership demonstrates New Energy's capability in tidal energy applications and academic collaboration.
• ATCO Structures / ATCO GroupminorStrategic or Co-development PartnerCharles Dobson (now CEO of New Energy) previously worked at ATCO Structures for 18 years in increasingly senior roles, including President of the ATCO/Hunter Blast Resistant Buildings Joint Venture. His background brings industry knowledge in modular housing, workforce housing solutions for large infrastructure projects, and First Nations business development relationships.
• Enterprise SingaporeminorOthersMike Muller, who joined New Energy's Board of Directors, serves as a Director for Enterprise Singapore. This connection may provide strategic networking opportunities in the Singapore and Southeast Asia market where New Energy has existing projects.

Scale indicators7 records

Recent moves5 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xx.com/newenergycorp
• Facebookfacebook.com/newenergycorporation

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 New Energy Corporation