Antares Ventures leads a CA$1.25 million investment in Aslan Renewables to advance scalable hydropower solutions, positioning the company for growth in energy markets across Canada and Asia.

Information on the Target

Aslan Renewables, established in 2019 in Prince Edward Island, Canada, is a pioneering deep-tech company focused on revolutionizing the hydropower sector. The company specializes in designing and deploying advanced modular hydro systems that reactivate decommissioned and under-utilized water infrastructure. By integrating innovative turbine designs with cutting-edge monitoring software, Aslan aims to provide cost-effective, environmentally sustainable, and quickly deployable power solutions for North America and beyond.

Aslan Renewables stands out by enabling run-of-river hydropower through scalable and modular systems, complemented by advanced digital operations. This unique approach is poised to unlock significant growth in hydropower, particularly by revitalizing dormant sites that have previously gone unused. With its focus on modernizing legacy infrastructure, Aslan is well-positioned to contribute to a more resilient energy landscape while delivering reliable, clean power.

Industry Overview in Canada

Hydropower in Canada has long been a critical component of the country's energy mix, providing a significant portion of its electricity needs. However, only a remarkable 2% of Canada’s approximately 50,000 dams presently generate power. This substantial underutilization highlights a signif