NorthX Climate Tech has announced $2 million in new funding to accelerate the development and deployment of climate hard-tech solutions across British Columbia, reinforcing its role as one of Canada’s most active climate-tech investors.
Revealed during opening remarks at the Converge 2025 conference, CEO Sarah Goodman outlined a dual investment strategy: backing new scientific breakthroughs emerging from BC universities while advancing proven technologies ready for commercial scale.
The commitment includes $500,000 for five post-secondary spinouts — Carbonyx, Cura Climate, Green Manganese, Narval Energy, and PhyCo — each receiving $100,000 to fast-track early validation. The ventures span carbon utilization, low-carbon cement, clean critical minerals, cold-temperature energy storage, and compostable bioplastics.
NorthX is also making a $1.5 million follow-on investment in Mangrove Lithium, a company developing a low-carbon, electrochemical refining process for battery-grade lithium. The funding will support continuous-operation demonstrations, the last milestone before commercial deployment. Mangrove’s platform is positioned to strengthen North America’s battery supply chain by reshoring and decarbonizing lithium refining.
Goodman emphasized the importance of bridging Canada’s climate-tech “translation gap,” where promising research often stalls before commercialization.
“NorthX exists to back the builders turning ideas into industry,” she said. “Today, we’re supporting five new university spinouts and making a major investment in Mangrove Lithium, proving clean, scalable lithium refining can be built here at home.”
NorthX’s broader impact underscores that mission: nearly $50 million invested across 80 climate-tech projects, over 900 jobs created, and $475 million in follow-on capital catalyzed. Post-secondary ventures represent 37 percent of NorthX’s funding to date, collectively attracting more than $250 million in co-investment — most from the private sector.
By funding both early-stage research-derived ventures and late-stage scaleups, NorthX is strengthening BC’s climate-innovation pipeline, helping new technologies cross into real-world deployment faster.