What Onenergy does

ONEnergy Inc. is a publicly traded Canadian corporation listed on the NEX board of the TSX Venture Exchange under symbol OEG.H, headquartered in Toronto, Ontario. Historically the company supplied energy and energy efficiency products and solutions to commercial, industrial, multi-residential, and residential clients, but divested its Home Comfort and U.S. Gas & Power businesses in 2018, and its Sunwave Gas & Power subsidiary filed for bankruptcy in February 2022. The company subsequently completed a creditor proposal in June 2024 that reinstated trading, and is currently executing a reverse takeover of Matrixset Investment Corporation announced March 13, 2026, which will re-purpose the listed entity as a Tier 1 Mining Issuer on the TSXV focused on five gold exploration projects totaling approximately 10,845 hectares in northeastern Saskatchewan.

The company has reported only net losses in recent periods ($138,000 for Q3 2025; $435,000 for the nine months ended September 30, 2025) and is described as "currently evaluating opportunities as it transitions from a supplier of energy and energy efficiency products and solutions." Leadership includes Chairman Stephen J.J. Letwin (former IAMGOLD CEO and Enbridge EVP, board member since 2013), Director Lawrence Silber (corporate/commercial lawyer at Kelly Santini LLP), Director Ivan Bos, and CFO Ray de Ocampo. Director Letwin personally advanced $60,500 to the company under a secured grid promissory note at 10% annual interest between August and November 2025.

Separately referenced as "ON.energy," the company's AI UPS technology platform is described as a medium-voltage uninterruptible power supply system enhanced with AI predictive analytics, designed to help hyperscale data centers manage rapid power spikes (30%–100% capacity at 10-millisecond intervals). This platform was awarded a patent for medium voltage UPS systems in May 2026 and entered a strategic agreement with Shoals Technologies Group in February 2026 to deploy multiple gigawatts of critical power systems for AI data centers, leveraging Shoals' approximately 638,000-square-foot Portland, Tennessee manufacturing campus. The relationship between this ON.energy AI/data-center product line and the listed ONEnergy Inc. mining RTO is not clarified in the source data, but the listed entity's stated direction is explicitly away from energy products and toward mineral exploration.

Name

Onenergy

Legal name

ONEnergy Inc.

Website

https://onenergyinc.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

ONEnergy Inc. (OEG.H) is a publicly listed Canadian shell company completing a reverse takeover to become a Tier 1 Mining Issuer focused on gold exploration in Saskatchewan, following divestitures of its historical energy and energy efficiency products business and a 2024 creditor proposal restructuring.

Ownership category

akta.pro rank

Product category

Energy Management Services

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Electric Power Generation, Transmission and Distribution (2211)

SIC

Switchgear & Switchboard Apparatus (3613)

akta.pro primary industry

Advanced Grid Integration & Control R&D (AI Forecasting, Digital Twins, Synthetic Inertia, Virtual Power Plants) (EUAMAOAG)

akta.pro secondary industries

Microgrid & Distributed Grid Equipment (Controllers, Switchgear Packages, DER Interconnection) (IMAGAAAJ), High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA), Battery Analytics, Digital Twins, SoH/SoC Estimation & Degradation-Aware Dispatch (EUAFAKAK)

Keywords

• Energy management services
• Energy efficiency products
• Uninterruptible power supply
• Data center power solutions
• Gold exploration projects

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Others

Revenue model

1. Current Operations: ONEnergy Inc. reported a net loss of $138,000 for Q3 2025 and a net loss of $435,000 for the nine-month period ended September 30, 2025. The company is transitioning from its historical role as a supplier of energy and energy efficiency products and solutions, and is currently evaluating opportunities as it undergoes a strategic transformation via reverse takeover.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

ONEnergy Inc. historically functioned as an energy management firm supplying energy and energy efficiency products and solutions to commercial, industrial, multi-residential, and residential clients. The company is currently evaluating opportunities during a strategic transition via a reverse takeover with Matrixset Investment Corporation, which will shift its business into gold exploration and mineral resource development in Saskatchewan, Canada. The related ON.energy entity offers an AI UPS Technology Platform for hyperscale data center critical power infrastructure.

Product overview

ON.energy offers a single core product: the AI UPS Technology Platform, a medium-voltage uninterruptible power supply system enhanced with AI capabilities for hyperscale data center applications. This hardware-based critical power infrastructure is designed to manage rapid power fluctuations (spikes ranging from 30% to 100% capacity at 10-millisecond intervals) and enable data centers to operate more grid-friendly. The product is part of a strategic partnership with Shoals Technologies Group for deployment at AI data centers, combining ON.energy's AI UPS platform with Shoals' DC Recombiner technology across multiple gigawatts of critical power systems. Note: ONEnergy Inc. (onenergyinc.com), the parent company currently listed on TSX Venture Exchange NEX board under symbol OEG.H, is undergoing a reverse takeover transaction to transition into a gold exploration company (Matrixset Investment Corporation) and is no longer actively operating in the energy/energy efficiency products sector.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy and Energy Efficiency Products and Solutions Energy and energy efficiency products and solutions provided to commercial, industrial, multi-residential, and residential clients as ONEnergy Inc.'s historical core business. The company is currently transitioning away from this offering.
• AI UPS Technology Platform A medium-voltage AI-enhanced Uninterruptible Power Supply (UPS) platform for hyperscale data centers designed to manage rapid power spikes (30%–100% capacity at 10-millisecond intervals) and become more grid-friendly without disrupting existing infrastructure.

Segments1 record

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature2 records

Partnerships

One partnership is on record.

• Matrixset Investment CorporationcoreStrategic or Co-development Partner · 13 March 2026ONEnergy Inc. has entered into a definitive acquisition agreement to acquire all outstanding securities of Matrixset Investment Corporation through a three-cornered amalgamation constituting a reverse takeover. Matrixset holds 100% interest in five gold exploration projects totaling approximately 10,845 hectares in northeastern Saskatchewan. Upon closing, Matrixset shareholders will receive 320,000,000 ONEnergy common shares.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Schneider Electric: Schneider Electric is a global incumbent in data center infrastructure, including UPS systems (Galaxy series) and energy management software. Directly comparable to ON.energy's AI UPS and grid-friendly power positioning for hyperscale facilities.
• Eaton Corporation: Eaton is a broad incumbent power-management company offering UPS systems, switchgear, and grid infrastructure for data centers and industrial customers. Comparable to ON.energy across its medium-voltage electrical equipment and power-quality focus.
• Mitsubishi Electric (Power Systems): Mitsubishi Electric manufactures medium-voltage UPS systems widely used in data centers and industrial facilities. Comparable as a competing supplier in the same medium-voltage UPS category ON.energy is targeting.
• ABB Ltd: ABB is a broad incumbent in power and automation, including UPS systems and grid integration technologies. Its medium-voltage UPS offerings and digital grid solutions overlap directly with ON.energy's product positioning.

Direct peers

• Vertiv Holdings: Vertiv is a leading global provider of critical digital infrastructure and continuity solutions for data centers, including medium-voltage UPS systems. It is the closest direct competitor in AI/hyperscale data center critical power — the same category where ON.energy's AI UPS is positioned.
• Socomec Group: Socomec is a specialist provider of critical power solutions including medium-voltage UPS for data centers and energy management systems. Comparable as a focused player in the same niche as ON.energy's AI UPS platform.
• Shoals Technologies Group: Shoals is ON.energy's named strategic partner and a leading supplier of DC recombiner and balance-of-system components for solar, storage, and AI data centers. Its role in the multi-gigawatt AI UPS deployment makes it both a partner and a directly comparable player in critical power for AI infrastructure.
• Delta Electronics: Delta Electronics provides UPS systems and power/thermal management solutions for data centers and telecom. Comparable as a peer competing for hyperscale and AI data center critical power infrastructure spending.

Emerging players

• Fluence Energy: Fluence is an emerging specialist in battery energy storage systems and grid software with strong overlap to the energy management / grid-flexibility dimensions of ON.energy's AI-driven power platform.
• Generac Holdings: Generac has expanded from standby generation into grid-scale energy storage and increasingly data-center-adjacent power solutions. Comparable as an emerging player in distributed/grid-edge power infrastructure overlapping with ON.energy's medium-voltage equipment focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/onenergyinc
• LinkedInlinkedin.com/company/onenergy-inc

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&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Onenergy