Entropy Inc

Calgary, Canada Founded: 2021 • Age: 5 yrs
Carbon capture and storage solutions are provided for industrial emissions.
Annual revenue - Latest available
Total funding $390.0M 2 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products 3 Services tracked
Competitors 8 Brand Intelligence

About Entropy Inc

Entropy Inc is a company based in Calgary (Canada) founded in 2021. Entropy Inc has raised $389.97 million across 2 funding rounds from investors including Brookfield Asset Management and Canada Growth Fund. Entropy Inc offers products and services including iCCS Recip™, iCCS Thermal™, and iCCS Turbine™. Entropy Inc operates in a competitive market with competitors including Carbon Clean, Charm Industrial, Svante, Storegga Geotechnologies and Carbon America, among others.

  • Headquarter Calgary, Canada
  • Sectors
    Environment
    Transportation, Automotive & Logistics
  • Email
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  • Legal Name Entropy Inc.
Operational Areas
Environment → Environmental Management & Pollution Control Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Aviation Operations & Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $389.97 M (USD)

    in 2 rounds

  • Latest Funding Round
    $149.59 M (USD), Series D

    Dec 20, 2023

  • Investors
  • Employee Count
    Not available
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Products & Services of Entropy Inc

Entropy Inc offers a comprehensive portfolio of products and services, including iCCS Recip™, iCCS Thermal™, and iCCS Turbine™.

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Primary

Captures carbon from reciprocating engines in gas compression.

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Captures carbon from boilers and steam generation systems.

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Captures carbon from gas turbines used in power generation.

People of Entropy Inc

Headcount 10-50
Employee Profiles 7
Employee Profiles
People
Erik Petursson
Vp, Policy And Carbon Markets
People
Christopher P. Hooper
Chief Financial Officer
People
Danielle Larsen
Manager, Development Engineering
People
Kade Lappin
Development Engineer, EIT

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Funding Insights of Entropy Inc

Entropy Inc has successfully raised a total of $389.97M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $149.59 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Entropy Inc

Entropy Inc has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Brookfield Asset Management and Canada Growth Fund.

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Venture Fund
Investor Description Founded Year Domain Location
A fund focused on catalyzing private investments in Canadian projects.
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Focus is placed on real estate and renewable energy investments.
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Investor details for Entropy Inc

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Investments & Acquisitions by Entropy Inc

Investments
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Investment portfolio details for Entropy Inc

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Financial Statements - Entropy Inc

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Detailed financials for Entropy Inc

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Entropy Inc Comparisons

Entropy Inc Primary company
Description
Carbon capture and storage solutions are provided for indust...
Location
Calgary, Canada
Founded Year
2021
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Entropy Inc

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Competitors of Entropy Inc

Entropy Inc operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carbon Clean, Charm Industrial, Svante, Storegga Geotechnologies and Carbon America, among others.

Company Name Domain Founded year HQ Location Description
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Provider of modular carbon capture technology and industrial decarbonization solutions
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Bio-oil-based carbon removal technology is developed from agricultural residues.
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Carbon capture solutions from air are provided for industrial emissions.
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Geological storage for CO2 emissions and hydrogen projects is developed.
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Carbon capture and sequestration solutions are developed and delivered.
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Carbon credits from regenerative agriculture are provided to businesses.
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Detailed competitors of Entropy Inc

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Latest news on Entropy Inc

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Complete news archive for Entropy Inc

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Frequently Asked Questions about Entropy Inc

Entropy Inc was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Entropy Inc is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.

Mike Belenkie is the current CEO of Entropy Inc.

Entropy Inc is a funded company, having raised a total of $389.97M across 2 funding rounds to date.

Entropy was founded in 2021 and is based in Calgary, Canada. Carbon capture and storage services are delivered across the environmental technology sector. Project development, emissions capture from sources such as reciprocating engines, boilers, and gas turbines, along with transport and underground sequestration, are managed. Advisory support, installation of proprietary technologies, and regulatory compliance are handled for various industries. Operations focus on reliable carbon removal processes.

Entropy Inc's top competitors include Carbon Clean, Charm Industrial and RepAir.

Entropy Inc offers iCCS Recip™, iCCS Thermal™, and iCCS Turbine™.

Entropy Inc has 2 investors. Key investors include Brookfield Asset Management, and Canada Growth Fund.

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