Insights & Resources

Electrifying industrial heat is often framed as a question of energy supply. But in many real projects, the first constraint shows up somewhere else entirely. Electrical infrastructure.

Energy discussions often revolve around categories. Batteries versus thermal. Short duration versus long duration. Electrify versus don’t electrify.

Montreal, Canada / Melbourne, Australia — February 25th, 2026 — FeX Energy and the Kyeema Foundation today announced that FeX Energy has been awarded funding through the Palladium Challenge Fund, recognising the company’s innovative technology with the potential to deliver clean, affordable, and reliable energy for remote and under-resourced communities.

Montréal, Québec — February 9th, 2026. FeX Energy (“FeX”) today announced it is receiving advisory services and funding of up to C$1,200,000 from the National Research Council of Canada Industrial Research Assistance Program

Most conversations about energy storage focus on a single question: How long can you discharge energy once the system is operating?

A cleantech start-up in Montreal has raised more investment capital than it was looking for to pilot a new long-duration, iron-oxide storage battery intended primarily for remote communities and industries.

Backed by Fathom Fund, Amplify Capital, and Antares Ventures, FeX Energy accelerates its mission to decarbonize industry, with vast global potential.

McGill spin-out is piloting iron reactor for renewable energy storage targeting heavy industry.

MONTREAL, July 29, 2025 — FeX Energy, a Montreal-based clean energy startup developing cutting-edge long-duration energy storage, has been selected as one of the winners in Canada’s prestigious IDEaS NORAD Modernization Science & Technology contest.

FeX Energy Awarded Top-Ranked Grant from Mining Innovation Commercialization Accelerator (MICA) $475,000 in funding to support pilot deployment of iron-based energy storage for remote and last-mile mining