# Transition énergétique Québec

> Transition énergétique Québec is a VC fund in Quebec backing Mining and Manufacturing. See 7 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Location: Quebec, Canada
- Total investments: 7
- Last investment: Oct 2020
- Lead investor: 29%
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/gouvernement-du-quebec-carriere
- Website: http://transitionenergetique.gouv.qc.ca/accueil/#.WyHpL-6FPcc

Transition énergétique Québec is a VC fund in Quebec focused on Mining and Manufacturing. Energy transition Quebec is responsible for the administration of several energy conversion and efficiency programs for citizens, businesses, organizations and institutions.The mission of Energy Transition Quebec is to support, stimulate and promote energy transition, innovation and efficiency and ensure integrated governance. TEQ coordinates theimplementation of all the programs and measures necessary to reach the energy targets determined by the government and ensures their follow-up.As part of its mission and with a view to responsible and sustainable economic development, it designs the master plan for transition, innovation and energy efficiency.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Mining | 2 | 29% |
| Manufacturing | 2 | 29% |
| Waste Management | 2 | 29% |
| Recycling | 1 | 14% |
| Agriculture | 1 | 14% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 3 | 43% |
| Venture - Series Unknown | 3 | 43% |
| Funding Round | 1 | 14% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 5 | 71% |
| Norway | 1 | 14% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Sollum Technologies | Sollum Technologies is offers greenhouse producers the only smart LED lighting solution which dynamically reproduces the full spectrum of the sun’s natural light. It is based in Montréal (Québec, Canada), where its design, development and manufacturing activities are concentrated. It works closely with its clients to modulate and create recipesadapted to the growth cycle of each product, regardless of its native climate in the world and the location of the greenhouse. Sollum’s lighting solutions thereby provide unparalleled value in terms of energy savings, productivity and superior produce quality through a flexible, adaptive and easy-to-use application, with great respect for the environment. | $2.4M | Grant | Oct 27, 2020 |  |
| Elkem | Elkem is one of the world’s leading companies for environment responsible production of materials. Its principal products are silicon, silicones, ferrosilicon, foundry alloys, carbon materials and microsilica.Elkem has 24 production facilities in Europe, North and South America, Africa and Asia, as well as an extensive network of sales officesand agents covering the most important markets. | $12M | Grant | Sep 08, 2020 |  |
| Nouveau Monde Graphite | Nouveau Monde is developing its operations with the highest environmental standards in one of the most advanced mining friendly jurisdictions in the world in Québec, Canada; they’re targeting the growing North-American lithium-ion battery market. Local, green, and safe supply of natural graphite produced with a low environmental footprint is,according to us, of added value to the North-American lithium-ion battery manufacturers. | $3.2M | Grant | Apr 29, 2020 |  |
| Alliance Magnesium | Alliance magnesium is develops and patents a breakthrough technology based on an electrolytic clean-tech approach to the processing of magnesium contained in serpentine rock. Its approach innovates on current methods used worldwide by magnesium producers essentially located in China, using an archaic energy intensive process which is no longeracceptable from an environmental and economic standpoint. | $145M |  | Mar 17, 2020 |  |
| Alliance Magnesium | Alliance magnesium is develops and patents a breakthrough technology based on an electrolytic clean-tech approach to the processing of magnesium contained in serpentine rock. Its approach innovates on current methods used worldwide by magnesium producers essentially located in China, using an archaic energy intensive process which is no longeracceptable from an environmental and economic standpoint. | $145M | Venture - Series Unknown | Mar 17, 2020 |  |
| UpSolv | Notre technologie permet de collecter facilement le polystyrène et de le recycler pour le remettre sous sa forme originale. Du polystyrène recyclé d'aussi bonne qualité que du neuf ! | $8.5M | Venture - Series Unknown | Jun 13, 2018 |  |
| Airex Energy | Airex Energy has successfully developed an exciting new technology for biomass torrefaction. Based on a unique patented cyclonic bed reactor, CarbonFX enables large scale biocoal production from a variety of feedstock, including woody biomass and agricultural waste. | $10M | Venture - Series Unknown | Mar 09, 2017 |  |

7 of 7 investments shown.

## Co-investors
- [Sustainable Development Technology Canada](https://shizune.co/investors/profile/sustainable-development-technologycanada) — VC Fund, 5 deals together
- [Cycle Capital](https://shizune.co/investors/profile/cycle-capital) — VC Fund, 3 deals together
- [Fondaction](https://shizune.co/investors/profile/fondaction) — VC Fund, 2 deals together
- [Government Of Quebec](https://shizune.co/investors/profile/government-of-quebec) — VC Fund, 2 deals together
- [Marubeni](https://shizune.co/investors/profile/marubeni-corporation) — VC Fund, 2 deals together
- [Anges Quebec](https://shizune.co/investors/profile/anges-quebec) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Innovate UK](https://shizune.co/investors/profile/innovate-u-k-) — VC Fund

## FAQ

### What does Transition énergétique Québec invest in?

Transition énergétique Québec invests primarily in Mining, Manufacturing and Waste Management startups, most often at Grant and Venture - Series Unknown stage. Most of the 7 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Transition énergétique Québec last invest?

The most recent investment recorded for Transition énergétique Québec closed in Oct 2020. Shizune tracks 7 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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