Four cleantech companies secured a total of $395,000 at the inaugural Alberta Cleantech Investment Summit on March 11. Among them was Edmonton's EZ Ops Inc., whose technology helps equip operators to focus on top priorities for production and compliance.
The final investment amount for the company is still being determined, but EZ Ops plans to use the funds to grow its team and the impact it hopes to have on the oil and gas industry.
"It's a proud moment for the team. We are all working relentlessly to build a company that solves problems we are passionate about. It's great to be validated by investors willing to put their money to work alongside us making the world and oil and gas industry better," Brandon Ambrose, CEO of EZ Ops, told Taproot.
"At EZ Ops we are focused on how we can use our technology and domain expertise to help frontline teams be the best they can be and in turn reduce CO2 emissions. This is a three-way win: the environment wins, the frontline teams win and the Alberta energy tech ecosystem wins through growing investment."
The EZ Ops team in August 2020. (ezops.ca)
Calgary's ZS2 Technologies landed the $140,000 winning investment at the summit, while SeeO2 Energy Inc. and Winecrush Technology Inc. were also successful in securing funds.
"The really interesting piece that came out of having a sector-focused summit is that many of the investors have deep domain expertise. In the case of EZ Ops, some investors had previously operated in their industry and were able to see the clear value of their product," said Zack Storms, founder of Startup TNT.
You can watch the full event on Youtube.