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NRStor

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uuid003vwz2

Namestring
NRStor
Websiteurl
nrstor.com
Company typeenum
Private
Founded yearint
2012
Descriptiontext

NRStor is a privately held Toronto-based energy storage project developer founded in 2012. The company sits within the Canadian clean-energy value chain, focused on developing energy storage projects rather than manufacturing storage hardware or selling storage-as-a-software products. Its addressable customer base includes utilities, grid operators, and commercial or industrial off-takers requiring storage capacity for grid services, peak shaving, renewable integration, or reliability — though no specific customer logos, project offtake agreements, or pipeline disclosures are present in the source material.

The company operates with a small team of 11 to 50 employees and is led by Annette Verschuren as Chair and CEO, with Richard Medal serving as Director of Engineering. Verschuren is a prominent Canadian business figure, and her involvement provides NRStor with senior leadership credibility and network access that is uncommon for a developer of this size. NRStor's technology positioning is not detailed in the available data: there is no documentation of proprietary storage hardware, software platform, control systems, or patent portfolio in the source material.

NRStor's business model is project development, which typically generates revenue through development fees, milestone payments, equity returns from owned projects, or asset-sale gains upon commissioning or financial close. The company received $2.1 million in funding from Sustainable Development Technology Canada (SDTC) in November 2017, with SDTC acting as lead investor — a non-dilutive, government-backed capital injection that signals technology validation and alignment with Canadian cleantech policy priorities. No subsequent funding rounds, customer wins, product launches, or commercial milestones are documented in the input data.

Short descriptiontext

NRStor is a privately held Toronto-based energy storage project developer founded in 2012, serving utilities, grid operators, and commercial energy off-takers with a small team led by Chair and CEO Annette Verschuren.

Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersToronto, Canada
HQ citystring
Toronto
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
energy storage projects, battery energy storage, grid energy storage, clean energy development, energy storage systems
Industry3 codes
1Energy Storage Asset Management (BESS/PCS/EMS)
CodeEUAEAMAEPrimaryYes
2Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls)
CodeIMAFAHAEPrimaryNo
3Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds)
CodeEUAMAAADPrimaryNo
NAICS code2 codes
  • Electric Power Generation22111
  • Electric Power Generation, Transmission and Distribution2211
SIC code1 code
  • Cogeneration Services & Small Power Producers4991
Product category
Energy Storage Project Development
Social media profiles1 record
Cost components3 values
Personnel, Operations, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

NRStor is a Toronto-based energy storage project developer that plans, develops, and deploys utility-scale and grid-connected energy storage projects. The company develops battery energy storage systems and provides project development expertise for clean energy storage deployments serving utility and commercial customers.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Energy Storage Project Development
CategoryEnergy Storage Services
Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Stem Inc.
TypeBroad incumbent
Description

Smart energy storage and AI-driven analytics provider with both behind-the-meter and front-of-meter storage offerings. Adjacent competitor in the North American BESS market with broader software-led positioning.

2Hydrostor
TypeDirect peer
Description

Toronto-based long-duration energy storage developer using compressed air energy storage (CAES). Canadian peer in the same city, focused on utility-scale storage project development — comparable geography, customer base (utilities), and business model.

3Opus One Solutions
TypeRegional player
Description

Toronto-based grid optimization and DER orchestration software firm serving Canadian utilities and storage developers. Adjacent Canadian peer in the distributed energy/storage value chain, sharing customer base (IESO, local LDCs).

4Powin Energy
TypeDirect peer
Description

Global BESS integrator and project developer competing for utility-scale storage projects across North America. Comparable focus on project development and integration services to NRStor.

5Fluence Energy
TypeDirect peer
Description

A leading global energy storage integrator and project developer offering utility-scale BESS solutions. Direct competitor to NRStor in the North American storage IPP/developer market, with much larger scale and public-company capital.

6Convergent Energy + Power
TypeDirect peer
Description

A North American energy storage project developer and asset owner that originates, develops, and operates BESS projects. Closely comparable business model to NRStor as a developer/owner of behind-the-meter and front-of-meter storage assets.

7Plus Power
TypeDirect peer
Description

U.S.-based independent power producer focused exclusively on standalone battery energy storage projects. Comparable developer/asset-owner model in North American utility-scale BESS RFPs.

8AESI (Alternate Energy Storage Inc.) / Energy Storage Canada members
TypeRegional player
Description

Canadian-focused energy storage trade group whose member developers and integrators operate in the same provincial RFP markets (IESO, AESO) as NRStor, with comparable regulatory exposure and customer base.

9Tesla Energy (Megapack business)
TypeBroad incumbent
Description

Tesla's utility-scale energy storage business (Megapack) is a global BESS incumbent that competes for the same utility RFPs as NRStor, with massive balance sheet and vertically integrated cell supply.

10EDF Renewables
TypeBroad incumbent
Description

Global renewable energy and storage developer with significant Canadian operations. Competes for the same utility-scale storage RFPs as NRStor but operates across a much broader wind/solar/storage portfolio with substantially greater capital.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses3 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

NRStor

Energy Storage Project Developmentnrstor.com

NRStor is a privately held Toronto-based energy storage project developer founded in 2012, serving utilities, grid operators, and commercial energy off-takers with a small team led by Chair and CEO Annette Verschuren.

What NRStor does

NRStor is a privately held Toronto-based energy storage project developer founded in 2012. The company sits within the Canadian clean-energy value chain, focused on developing energy storage projects rather than manufacturing storage hardware or selling storage-as-a-software products. Its addressable customer base includes utilities, grid operators, and commercial or industrial off-takers requiring storage capacity for grid services, peak shaving, renewable integration, or reliability — though no specific customer logos, project offtake agreements, or pipeline disclosures are present in the source material.

The company operates with a small team of 11 to 50 employees and is led by Annette Verschuren as Chair and CEO, with Richard Medal serving as Director of Engineering. Verschuren is a prominent Canadian business figure, and her involvement provides NRStor with senior leadership credibility and network access that is uncommon for a developer of this size. NRStor's technology positioning is not detailed in the available data: there is no documentation of proprietary storage hardware, software platform, control systems, or patent portfolio in the source material.

NRStor's business model is project development, which typically generates revenue through development fees, milestone payments, equity returns from owned projects, or asset-sale gains upon commissioning or financial close. The company received $2.1 million in funding from Sustainable Development Technology Canada (SDTC) in November 2017, with SDTC acting as lead investor — a non-dilutive, government-backed capital injection that signals technology validation and alignment with Canadian cleantech policy priorities. No subsequent funding rounds, customer wins, product launches, or commercial milestones are documented in the input data.

NRStor firmographics

Firmographics
Name
NRStor
Website
https://nrstor.com
Company type
Private
Founded year
2012
Headcount range
11–50 employees
Short description
NRStor is a privately held Toronto-based energy storage project developer founded in 2012, serving utilities, grid operators, and commercial energy off-takers with a small team led by Chair and CEO Annette Verschuren.
Ownership category
akta.pro rank

NRStor industry classification

Industry
Product category
Energy Storage Project Development
NAICS
Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)
SIC
Cogeneration Services & Small Power Producers (4991)
akta.pro primary industry
Energy Storage Asset Management (BESS/PCS/EMS) (EUAEAMAE)
akta.pro secondary industries
Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)

Keywords

  • Energy storage projects
  • Battery energy storage
  • Grid energy storage
  • Clean energy development
  • Energy storage systems

Where NRStor is headquartered

Location

Headquarters

HQ city
Toronto
HQ country
Canada
HQ region
North America

Markets served

NRStor business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D

NRStor product offering

Product offering

Core offering

NRStor is a Toronto-based energy storage project developer that plans, develops, and deploys utility-scale and grid-connected energy storage projects. The company develops battery energy storage systems and provides project development expertise for clean energy storage deployments serving utility and commercial customers.

Differentiator

Problem solved

Functional benefit

Products and services

  • Energy Storage Project Development

Companies that use NRStor

Customer profile

Ideal customer profiles2 records

NRStor technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

NRStor partnerships and signals

Strategic signal

Recent moves2 records

Expansion highlights3 records

NRStor competitors and assessment

Company assessment

Broad incumbents

  • Stem Inc. Smart energy storage and AI-driven analytics provider with both behind-the-meter and front-of-meter storage offerings. Adjacent competitor in the North American BESS market with broader software-led positioning.
  • Tesla Energy (Megapack business): Tesla's utility-scale energy storage business (Megapack) is a global BESS incumbent that competes for the same utility RFPs as NRStor, with massive balance sheet and vertically integrated cell supply.
  • EDF Renewables: Global renewable energy and storage developer with significant Canadian operations. Competes for the same utility-scale storage RFPs as NRStor but operates across a much broader wind/solar/storage portfolio with substantially greater capital.

Direct peers

  • Hydrostor: Toronto-based long-duration energy storage developer using compressed air energy storage (CAES). Canadian peer in the same city, focused on utility-scale storage project development — comparable geography, customer base (utilities), and business model.
  • Powin Energy: Global BESS integrator and project developer competing for utility-scale storage projects across North America. Comparable focus on project development and integration services to NRStor.
  • Fluence Energy: A leading global energy storage integrator and project developer offering utility-scale BESS solutions. Direct competitor to NRStor in the North American storage IPP/developer market, with much larger scale and public-company capital.
  • Convergent Energy + Power: A North American energy storage project developer and asset owner that originates, develops, and operates BESS projects. Closely comparable business model to NRStor as a developer/owner of behind-the-meter and front-of-meter storage assets.
  • Plus Power: U.S.-based independent power producer focused exclusively on standalone battery energy storage projects. Comparable developer/asset-owner model in North American utility-scale BESS RFPs.

Regional players

  • Opus One Solutions: Toronto-based grid optimization and DER orchestration software firm serving Canadian utilities and storage developers. Adjacent Canadian peer in the distributed energy/storage value chain, sharing customer base (IESO, local LDCs).
  • AESI (Alternate Energy Storage Inc.) / Energy Storage Canada members: Canadian-focused energy storage trade group whose member developers and integrators operate in the same provincial RFP markets (IESO, AESO) as NRStor, with comparable regulatory exposure and customer base.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat3 records

Key risks4 records

Key highlights4 records

Customer concentration

NRStor social profiles

Digital presence

NRStor financial estimates

Financial estimate

Revenue estimate

Valuation estimate

NRStor leadership team

Management profile

Number of profiles

Profiles2 records

NRStor funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

NRStor M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about NRStor

What does NRStor do?

NRStor is a Toronto-based energy storage project developer that plans, develops, and deploys utility-scale and grid-connected energy storage projects. The company develops battery energy storage systems and provides project development expertise for clean energy storage deployments serving utility and commercial customers.

When was NRStor founded?

NRStor was founded in 2012. It employs 11 to 50 people.

Where is NRStor based?

NRStor is headquartered in Toronto, Canada, in the North America region.

Who are NRStor's main competitors?

Broad incumbents on record are Stem Inc., Tesla Energy (Megapack business) and EDF Renewables. Direct peers are Hydrostor, Powin Energy, Fluence Energy, Convergent Energy + Power and Plus Power. Regional players are Opus One Solutions and AESI (Alternate Energy Storage Inc.) / Energy Storage Canada members.

Does NRStor have an API?

No public API is recorded for NRStor.

What industry is NRStor in?

NRStor's product category is Energy Storage Project Development. Its primary akta.pro industry code is EUAEAMAE, Energy Storage Asset Management (BESS/PCS/EMS), with a secondary code of IMAFAHAE, Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls). Its NAICS code is 22111 and its SIC code is 4991.

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Live signals
Energy-Storage.NewsAecon executes energy storage agreement for 1,200MWh Ontario BESSAecon Group has executed an energy storage facility agreement with Ontario's Independent Electricity System Operator (IESO) for the 150MW/1,200MWh Simcoe battery energy storage system project in Norfolk County, Ontario. The project involves ownership partners Aecon Concessions, Six Nations of the Grand River Development Corporation, Mississaugas of the Credit Business Corporation, Sitka Power, and NRStor, who will provide electricity storage services through a 20-year agreement receiving capacity payments from IESO. Aecon will serve as the exclusive engineering, procurement and construction provider, with commercial operations targeted for 2030.Pv-magazine-usaOntario approves 1.2 GWh Simcoe BESS, signs 20-year capacity agreementOntario's Independent Electricity System Operator (IESO) has approved the 150 MW/1.2 GWh Simcoe Battery Energy Storage System in Norfolk County and signed a 20-year capacity agreement with Simcoe Battery Project General Partnership Inc. The project, owned by a consortium including Six Nations Group, Mississaugas of the Credit Business Corporation, Aecon Group, Sitka Power Inc., and NRStor, is expected to reach commercial operations in 2030. Aecon will provide balance of plant works, with guaranteed payments under the capacity agreement supplemented by revenue from grid exports and ancillary services.WebWireAecon partnership executes agreement for the Simcoe Battery Energy Storage System Project in OntarioAecon Group Inc. announced that Simcoe Battery Project General Partnership Inc., in which Aecon Concessions holds an equity stake, has executed an Energy Storage Facility Agreement with Ontario's Independent Electricity System Operator to build, own and operate a 150 MW / 1,200 MWh battery energy storage system in Norfolk County, Ontario. Ownership partners include Aecon Concessions, Six Nations of the Grand River Development Corporation, Mississaugas of the Credit Business Corporation, Sitka Power Inc., and NRStor, who will receive capacity payments through a 20-year agreement plus additional revenue from energy sales and ancillary services. Aecon will serve as the exclusive Engineering, Procurement and Construction provider, with target commercial operations set for 2030.GlobeNewswireAecon partnership executes agreement for the Simcoe Battery Energy Storage System Project in OntarioAecon Group Inc. announced that Simcoe Battery Project General Partnership Inc., with Aecon Concessions as an equity partner, has executed an Energy Storage Facility Agreement with Ontario's Independent Electricity System Operator to build, own and operate a 150 MW / 1,200 MWh battery energy storage system in Norfolk County, Ontario. The project will be owned by Aecon Concessions, Six Nations of the Grand River Development Corporation, Mississaugas of the Credit Business Corporation, Sitka Power Inc., and NRStor, providing electricity storage services through a 20-year agreement with capacity payments and additional revenue from energy sales. Target commencement of commercial operations is 2030, and with this project Aecon's Ontario portfolio represents approximately 1 GW of delivered or planned battery energy storage.GlobeNewswireNRStor Inc. applauds Government of Ontario for ongoing work to plan for clean energy supplyNRStor Inc. applauded the Ontario government for finalizing its Electrification and Energy Transition Panel, which will help plan for future electricity demand. The company highlighted its Oneida Energy Storage project, a 250 MW/1000 MWh facility, expected to cut emissions by 4.1 million tonnes annually.PR NewswireFengate and Lake Bridge announce sale of NRStor C&I, a leading distributed energy resources platformFengate Asset Management and Lake Bridge Capital have completed the sale of NRStor C&I L.P., a distributed energy resources platform specializing in battery energy storage, to funds managed by Blackstone Energy Partners. NRStor C&I, headquartered in Toronto with over 200 MWh of operational, in-construction and contracted projects across North America, was managed on behalf of the LiUNA Pension Fund of Central and Eastern Canada. The acquisition positions the platform for further expansion under Blackstone's scale and resources in the rapidly growing energy storage market.PR NewswireLeclanché Building Complete Energy Storage Systems for Commercial and Industrial Applications with NRStor C&I in CanadaLeclanché SA has been selected by NRStor C&I to build a complete battery energy storage system under a turn-key EPC agreement for an Ontario-based industrial company, marking Leclanché's first behind-the-meter (BTM) battery energy storage systems in North America. The system will have 2.0 MW output capacity with a lithium ion battery storage duration of at least 2 hours (4.0 MWh), utilizing Leclanché's energy management and fleet management software. NRStor C&I, based in Toronto, will serve as the project owner and operator under a build, own and operate structure, with preliminary agreements in place for two additional industrial locations.GlobeNewswireREPEAT: OEA Announces Energy Award Winners at ENERGYCONFERENCE15The Ontario Energy Association held its ENERGYGALA to honor industry leaders at ENERGYCONFERENCE15. Winners include Peter Gregg for Leader of the Year, TransCanada for Large Company, and NRStor for Emerging Company. The OEA looks forward to continuing its work on Ontario's energy future.