Eocycle

Eocycle Technologies is a Montreal-based cleantech company that manufactures small-scale wind turbines designed for on-site production of clean electricity. The company's distributed wind turbines, integrated with the power grid, allow surplus electricity produced to be sold back to the grid, preventing energy waste and maximizing economic benefits for users. Eocycle claims its technology can reduce energy expenses by over USD 1 million throughout the turbine's operational lifespan.

The company offers two models: a 25 kW and a 90 kW wind turbine. These turbines are tailored for farms, commercial, and industrial facilities aiming to cut energy costs and meet emissions targets. Eocycle's turbines stand out due to their high reliability, lower cost, and higher energy output compared to competitors.

In April 2024, Eocycle secured USD 25 million CAD in Series A funding to expand its operations in the US Midwest, Great Plains regions, and Europe. The company plans to leverage government incentives, such as the US Inflation Reduction Act, to grow its presence in these markets, estimated to have a combined distributed wind turbine market value of USD 200 billion. Eocycle also acquired Belgian distributed-wind company Xant in 2020 to strengthen its European presence.

With the new funding, Eocycle aims to scale its research and development efforts, grow its team by 50% in areas like sales and production, and double its sales within a year. The company expects this expansion to reduce delivery times for operational turbines to customers across its target markets.