A Calgary-based startup with a “relentless commitment to minimizing emissions” saw its singular drive push it to the top of Deloitte Canada’s fastest-growing Clean Technology firms in November.
With a three-year revenue growth of 6,000%, Alberta’s Convrg Innovations is devoted to providing emissions reduction solutions for companies aiming to achieve sustainable operations on oil and gas work sites.
The firm’s premier product is the EPOD. Short for Engineered Power on Demand, EPOD is a patented micro-grid solution that promises a wide array of benefits, according to Convrg.
The Canadian company’s flagship technology reduces up to 95% of emissions from methane gas emitting pneumatic devices, while also decreasing operating costs and improving overall site reliability.
“As the industry faces stringent regulations and incentives to curb methane emissions, EPOD stands as the optimal choice,” Convrg asserts. “Unlike alternatives, our solution seamlessly integrates with existing infrastructure, avoiding the need for costly replacements or regular trucked-in gas deliveries.”
Formerly known as Westgen Technologies, the newly rebranded Convrg is entering 2024 with tremendous momentum.
“Being one of Canada’s Sustainability Changemakers comes from leadership, excellence, and commitment to sustainability in Canada and worldwide,” stated Leah Lawrence, chief executive of SDTC, in May. “The transformative environmental and economic impact created by these companies is already seen today and will bring us closer to a clean and prosperous future.”
And cofounder Ben Klepacki was recently recognized as one of Calgary’s top 40 entrepreneurs under 40.
Above all, Convrg has experienced undeniable growth throughout North America, where oil and gas producers are driven by emerging regulations to reduce methane emissions—including expanding its Canadian-based manufacturing operation with a 46,000 square foot facility in Alberta’s Rocky View County.
The firm last year secured an investment led by ARC Financial through ARC Energy Fund 9 and Idea Well Capital Partners. ARC Financial is Canada’s largest energy-focused private equity firm with a 30-year track record, while Idea Well is a venture capital fund focused on scaling and maturing climate tech through the contribution of capital and knowledge.