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Company	Airex Energy
Short Description	Developer of biomass torrefaction systems for the production of value-added carbonized products
Status	Private
Year Founded	2014
Industry Group	materials & chemicals
Sector	fuels & chemicals
TRL Range	7-8
Country	Canada
Nbr Employees	1-10
Revenue Range	$0 - $500k
Total Equity Capital Raised	$51M
Last Stage Capital Raised	Growth Equity 2024
Investors	Cycle Capital, Desjardins Venture Capital Group, STDC, Technoclimat, Investissement Quebec, Sustainable Development Technology Canada (SDTC), Desjardins-Innovatech, Export Development Canada, Suez Ventures, Fonds de solidarite FTQ, Green Angel Ventures

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Airex Energy

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Short description

Developer of biomass torrefaction systems for the production of value-added carbonized products

Founded in 2014

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Company type Private Public ()

Company type

Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 7-8

TRL 1	Basic research
TRL 2	Technology formulation
TRL 3	Applied research
TRL 4	Small scale prototype
TRL 5	Large scale prototype
TRL 6	Prototype system
TRL 7	Demonstration system
TRL 8	First of a kind commercial system
TRL 9	Full commercial application

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Headquarters Laval, QC Laval, Canada

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Parent Companies Airex Industries

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Updated by Sylvain Bertrand at Airex Energy on 08/18/2015

Edited by Cleantech Group on 06/25/2024

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Yvan Guay

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07/06/2023	Suez Suez Airex Energy, Suez, and Groupe Remabec launch a biochar production plant project in Quebec, CA. The first phase of the plant will be finalized in 2024 and is the first project resulting from the partnership between SUEZ and Airex Energy which aims to produce 350 000 tonnes of biochar by 2035. View source Confirmed by Suez	Development Partner	Delete

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08/03/2024	Green Angel Ventures Green Angel Ventures (1) Post-money valuation of portfolio company (source)	Growth Equity		Delete

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Select Image	Description 400/400 characters left Cancel Save			US$/kW (current) US$/kWh (current) US$/kW (projected) US$/kWh (projected)
	Commercial unit - capacity of 2 tons/hr Becancour demonstration plant	Product Development	Products - Wholesale	$/kW (current) $/kW (projected) $/kWh (current) $/kWh (projected)	Delete

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Commercial unit - capacity of 2 tons/hr

Becancour demonstration plant

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Developer of biomass torrefaction systems for the production of value-added carbonized products

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