What it sells
Kanin Energy develops projects that capture industrial waste heat and convert it into electricity, sold as energy-as-a-service.
Business model breakdown
Buyer: who owns the budget?
UnverifiedHeavy-industry plant owners (cement, metals, refineries, chemicals, glass) and data-center developers.
Trigger: what makes them buy now?
Need to cut energy costs, improve reliability and reduce emissions without capital outlay.
Workflow: what inputs become what output?
Kanin develops, finances and owns/operates waste-heat-to-power or CHP assets on site; customer evaluates a project and Kanin runs it.
Economics: what it saves and how it charges
Energy-as-a-service: clients pay for energy, not infrastructure
Distribution: how it reaches customers
Direct project development ('Evaluate a Project'); project pages for named sites such as Washington Courthouse and Muskingum.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-09-16 | — | $138M | S2G Investments and Canada Growth Fund (US$50M each) | betakit.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.