Antares Ventures leads a CA$1.25 million financing round for Aslan Renewables to advance modern hydropower solutions in Canada and explore growth opportunities in Asia.

Target Information

Aslan Renewables, founded in 2019 and headquartered in Prince Edward Island, Canada, is a deep-tech company specializing in the advancement of hydropower through innovative, scalable solutions. The company focuses on reactivating dormant and underutilized water infrastructure by combining modular turbine designs with advanced digital monitoring systems. This approach enables Aslan to deliver cost-effective, eco-friendly, and rapidly deployable power solutions, contributing to energy resilience in Canada and offering potential expansion into Asian markets.

Industry Overview in Canada

The hydropower sector in Canada has historically been a significant contributor to the nation's energy landscape, providing a substantial portion of the country's electricity generation. Despite this, only 2% of approximately 50,000 dams actively generate power, indicating a vast underutilized capacity awaiting revitalization. Aslan Renewables targets this gap by modernizing legacy infrastructure, developing a model that is both environmentally sustainable and economically feasible.

Aslan's modular systems and data-driven operational layer afford the flexibility to reactivate numerous dormant sites, transforming static water assets into reliable sources of baseload p