AltCrest Energy
AltCrest Energy is a Toronto-based renewable energy developer offering Energy-as-a-Service microgrids, rooftop solar PV, and geothermal systems to Canadian commercial real estate owner-developers under long-term energy contracts with no upfront capital.
- Company typePrivate
- Founded2022
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What AltCrest Energy does
AltCrest Energy is a Toronto-based renewable energy development company founded in September 2022 by Ben Gilbank, a former Director of Development at QuadReal Property Group. The company delivers on-site, behind-the-meter renewable energy systems to commercial real estate owner-developers in Canada under an Energy-as-a-Service (EaaS) model, in which AltCrest finances, designs, constructs, owns, operates, and maintains the assets in exchange for long-term market-rate energy contracts. Its product stack comprises three core technology lines — microgrids (1 MW to 100+ MW), rooftop solar PV (500 kW to 4 MW+), and geothermal systems (150 to 2,000+ unit buildings, towers up to 60+ storeys) — augmented by Mitrex building-integrated photovoltaics for balcony retrofits, with Siemens as the principal microgrid technology partner.
The firm targets institutional and private real estate owner-developers across multi-residential, mixed-use, industrial, office, academic, life sciences, and retail property types, addressing grid-capacity constraints, rising utility costs, mandated decarbonization (including the City of Toronto's 2028 near-zero emissions requirement under Toronto Green Standards v4), and tenant-driven sustainability demands. Revenue mechanics combine the recurring EaaS utility stream with Power Purchase Agreements (PPAs) and project development advisory services for feasibility, transition planning, and implementation strategy. Pricing is quote-based against multi-year contracts structured to be cost-neutral to the owner in year one and to deliver operating-cost savings over the asset's life cycle, with no upfront capital outlay from the client.
Distribution is exclusively direct enterprise B2B sales through a three-stage engagement (pre-feasibility audit, detailed engineering and commercial review, and construction/contract execution). As of December 2025, the company partnered with DevEngine and Spring Lane Capital to launch a C$100 million Distributed Energy Resources (DER) fund to finance solar, geothermal, microgrid, and battery projects for institutional real estate and large corporations, and is supported by a 1-10 person team with a board including CEOs of Broccolini and Forgestone Capital, a retired QuadReal EVP, and an impact-investing family office principal. Named customers include QuadReal Property Group, Atria Development, BGO, and Tenblock across roughly 1.68 million square feet of disclosed project scope.
AltCrest Energy firmographics
Firmographics- Name
- AltCrest Energy
- Legal name
- ALTCREST ENERGY INC.
- Website
- https://altcrestenergy.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- AltCrest Energy is a Toronto-based renewable energy developer offering Energy-as-a-Service microgrids, rooftop solar PV, and geothermal systems to Canadian commercial real estate owner-developers under long-term energy contracts with no upfront capital.
- Ownership category
- akta.pro rank
AltCrest Energy industry classification
Industry- Product category
- Renewable Energy Services
- NAICS
- Electric Power Generation (22111), Solar Electric Power Generation (221114), Geothermal Electric Power Generation (221116), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Performance Contracting & Energy-as-a-Service (EaaS) for Buildings (BPABAGAN)
- akta.pro secondary industries
- Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB), Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)
Keywords
Where AltCrest Energy is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
AltCrest Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Energy-as-a-Service (EaaS) Model: AltCrest invests the capital to design and construct renewable energy systems within client buildings in exchange for a market-determined energy contract. Following project completion, AltCrest continues to own, manage, and maintain the systems to ensure long-term performance. The owner-developer avoids investing in traditional systems (boilers, chillers, cooling towers) and benefits from utility rate structures equivalent to business-as-usual carbon intensive systems in year one, with operating cost savings over the property lifecycle.
- Power Purchase Agreements (PPAs): Long-term direct energy agreements between building owner and AltCrest for supply of renewable power. PPAs are privately negotiated to reduce operational energy costs and increase price certainty over the term compared to grid rates. Third-party net metering framework enables property owners to unlock flexibility through leasing, renting, or financing options.
- Project Development Advisory Services: Geothermal advisory services, net-zero feasibility studies, and implementation strategy development for real estate projects. Includes screening-level studies, detailed transition plans, and comprehensive net-zero retrofit playbooks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Energy-as-a-Service custom contracts |
| Unit Pricing | Pay-as-you-go | Save on Energy Retrofit Program incentive |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
AltCrest Energy product offering
Product offeringCore offering
AltCrest Energy develops, finances, owns, and operates on-site renewable energy systems — including microgrids, rooftop solar PV, geothermal systems, and battery storage — for commercial real estate owner-developers across Canada. Delivered under an Energy-as-a-Service (EaaS) model, the company removes upfront capital costs from the customer and supplies clean power under long-term agreements, while also providing feasibility assessments, engineering, construction, and ongoing operations.
Product overview
AltCrest Energy is a Canadian renewable energy development company that offers a unified Energy-as-a-Service (EaaS) platform for the commercial real estate industry. The company's product portfolio comprises three core technology solutions: Microgrids (on-site distributed generation from 1 MW to 100+ MW), Rooftop Solar PV (500 kW to 4+ MW systems), and Geothermal Systems (150 to 2,000+ unit buildings). Under the EaaS model, AltCrest invests upfront capital and provides long-term ownership, management, and maintenance of these systems in exchange for energy contracts with client buildings.
Differentiator
Problem solved
Functional benefit
Products and services
- Microgrid Energy Systems
Quantifiable outcome
- Lower carbon footprint by 90%+ relative to conventional buildings
- +4 more outcomes
Companies that use AltCrest Energy
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles2 records
AltCrest Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
AltCrest Energy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered major and minor.
- QuadReal Property GroupmajorQuadReal Property Group is a major client and project partner. Projects include Bayview Village Redevelopment geothermal advisory for low carbon district energy system, and 8925 Torbram Road net-zero development advisory with 1.5 MW DC rooftop solar PV system.
- BroccoliniminorBoard member Anthony Broccolini is CEO of Broccolini, a construction company that has expanded into Ontario and developed a niche in high-rise buildings with revenue over $1 billion. Anthony serves on AltCrest's board.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
AltCrest Energy competitors and assessment
Company assessmentRegional players
- Creative Energy: Canadian district energy and on-site utility platform (Vancouver / national) delivering heating, cooling, and electricity to commercial and residential buildings. Comparable business model to EaaS via long-term energy supply agreements with property owners.
- Enwave Energy Corporation: Toronto-based district energy provider delivering heating and cooling to commercial and residential buildings via underground infrastructure. Closest Canadian analogue for geothermal and district-energy–adjacent deals with institutional owners in the GTA.
Broad incumbents
- ENGIE North America (ENGIE Services): A global energy services incumbent with EaaS, on-site generation (including solar and CHP/microgrid), and district energy offerings across North America. Competes for the same commercial-real-estate decarbonization mandates at greater scale and balance-sheet capacity.
- BluEarth Renewables: Canadian renewable energy developer and IPP with utility-scale solar, wind, and hydro. Comparable as a domestic renewable developer, but lacks AltCrest's real-estate EaaS specialization and microgrid/distributed focus.
- Generate Capital: Specialty infrastructure finance and development platform that funds and owns distributed energy, microgrid, solar, and energy efficiency assets — directly comparable to the role DevEngine/Spring Lane play alongside AltCrest's C$100M DER fund.
- Panasonic Eco Solutions North America: Provides rooftop solar PV, energy storage, and building-integrated solutions to commercial real estate under both EPC and EaaS-like structures. Direct overlap in rooftop solar and BIPV products for the same owner-developer buyer.
Emerging players
- Carbon Lighthouse: Building decarbonization service targeting commercial real estate with measurement, retrofit, and on-site generation offerings. Overlaps AltCrest in the 'net-zero for buildings' buyer conversation, though more software/measurement-led.
- SwitchDin / Voltus (VPP / DER operators): Distributed energy resource and virtual power plant operators that aggregate behind-the-meter assets for grid services. Adjacent comparable in monetizing the same on-site DER assets AltCrest deploys, often with overlapping commercial-real-estate customers.
Direct peers
- DSD Renewables: U.S. commercial and industrial solar developer with a dedicated EaaS / PPA structure and a focus on building owners. Strongest U.S. analogue for AltCrest's behind-the-meter rooftop solar and storage subscription model.
- OpTerra Energy Services (Ameresco): Direct competitor offering on-site energy generation and Energy-as-a-Service programs to commercial, institutional, and public-sector customers. Highly comparable in EaaS structure, behind-the-meter solutions, and decarbonization messaging for buildings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
AltCrest Energy social profiles
Digital presenceAltCrest Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
AltCrest Energy leadership team
Management profileNumber of profiles
Profiles7 records
AltCrest Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AltCrest Energy 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 AltCrest Energy
What does AltCrest Energy do?
AltCrest Energy develops, finances, owns, and operates on-site renewable energy systems — including microgrids, rooftop solar PV, geothermal systems, and battery storage — for commercial real estate owner-developers across Canada. Delivered under an Energy-as-a-Service (EaaS) model, the company removes upfront capital costs from the customer and supplies clean power under long-term agreements, while also providing feasibility assessments, engineering, construction, and ongoing operations.
Is AltCrest Energy a public or private company?
AltCrest Energy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was AltCrest Energy founded?
AltCrest Energy was founded in 2022. It employs 1 to 10 people.
Where is AltCrest Energy based?
AltCrest Energy is headquartered in Toronto, Canada, in the North America region.
How does AltCrest Energy make money?
Three revenue lines are on record. Energy-as-a-Service (EaaS) Model is the primary driver. The others are power Purchase Agreements (PPAs) and project Development Advisory Services.
Who are AltCrest Energy's main competitors?
Regional players on record are Creative Energy and Enwave Energy Corporation. Broad incumbents are ENGIE North America (ENGIE Services), BluEarth Renewables, Generate Capital and Panasonic Eco Solutions North America. Emerging players are Carbon Lighthouse and SwitchDin / Voltus (VPP / DER operators). Direct peers are DSD Renewables and OpTerra Energy Services (Ameresco).
Does AltCrest Energy have an API?
No public API is recorded for AltCrest Energy.
What industry is AltCrest Energy in?
AltCrest Energy's product category is Renewable Energy Services. Its primary akta.pro industry code is BPABAGAN, Performance Contracting & Energy-as-a-Service (EaaS) for Buildings, with a secondary code of EUAEAMAB, Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal). Its NAICS code is 22111 and its SIC code is 4911.