About Hydro One
Hydro One is a company based in Toronto (Canada) founded in 1999.. The company has 9,380 employees as of December 31, 2024. Hydro One has completed 4 acquisitions, including Avista Corporation, Avista Utilities and Norfolk Power. Hydro One offers products and services including Electricity Distribution and Outage Management Tools.
- Headquarter Toronto, Canada
- Employees 9380 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hydro One Limited
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Annual Revenue
$5.89 B (USD)8.16as on Dec 31, 2024
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Net Profit
$806.23 M (USD)6.54as on Dec 31, 2024
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EBITDA
$2.11 B (USD)6.87as on Dec 31, 2024
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Latest Funding Round
$260 M (USD), Post-IPO
Jan 02, 2018
- Investors
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Employee Count
9380
as on Dec 31, 2024
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Investments & Acquisitions
Avista Corporation
& 3 more
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IPO & Listings of Hydro One
Hydro One is a publicly listed company on the TSX with ticker symbol H in Canada, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hydro One
Hydro One offers a comprehensive portfolio of products and services, including Electricity Distribution and Outage Management Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electricity is distributed to communities across Ontario to support reliable power supply for various users.
Outages are managed through tools that facilitate reporting and alerts for users experiencing service interruptions.
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Software Development Team
141 people
Senior Team
49 people
Leadership Team
48 people
Manager Team
33 people
Operations Team
29 people
Project Team
28 people
Human Resources and Administration
22 people
Finance and Accounting
21 people
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Funding Insights of Hydro One
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $260.0M
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First Round
First Round
(09 Apr 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2018 | Amount | Post-IPO - Hydro One | Valuation |
investors |
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| Apr, 2013 | Amount | Debt – Conventional - Hydro One | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hydro One
Hydro One has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Chiefs of Ontario. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Support is provided to First Nations in Ontario for sovereignty and jurisdiction.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hydro One
Hydro One has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Avista Corporation, Avista Utilities and Norfolk Power. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Power generation and distribution services are provided in Orillia.
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2000 | ||||
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Manufacturer of farm, construction, and garden equipment
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1975 | ||||
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Power transmission-based energy projects are developed in the utility sector.
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1889 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hydro One
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hydro One Comparisons
Competitors of Hydro One
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hydro One
Frequently Asked Questions about Hydro One
When was Hydro One founded?
Hydro One was founded in 1999 and raised its 1st funding round 14 years after it was founded.
Where is Hydro One located?
Hydro One is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
How many employees does Hydro One have?
As of Dec 31, 2024, the latest employee count at Hydro One is 9,380.
What is the annual revenue of Hydro One?
Annual revenue of Hydro One is $5.89B as on Dec 31, 2024.
What does Hydro One do?
Hydro One was founded in 1999 and is headquartered in Toronto, Canada. Operations are focused on the electricity sector, where transmission and distribution services are delivered across Ontario. These services support the regions power grid, ensuring reliable energy flow to customers. In 2022, annual revenues of 5.98 billion were recorded, alongside a net profit of 0.81 billion. The companys domain is hydroone.com.
What products or services does Hydro One offer?
Hydro One offers Electricity Distribution and Outage Management Tools.
Is Hydro One publicly traded?
Yes, Hydro One is publicly traded on TSX under the ticker symbol H.
How many acquisitions has Hydro One made?
Hydro One has made 4 acquisitions, including Avista Corporation, Avista Utilities, and Norfolk Power.
Who are Hydro One's investors?
Hydro One has 1 investor. Key investors include Chiefs of Ontario.
What is Hydro One's ticker symbol?
The ticker symbol of Hydro One is H on TSX.