Acceleware is a clean-tech innovator of radio frequency (RF) heating technologies that enable the electrification of industrial heat.
Acceleware (www.acceleware.com) is an innovator of clean-tech decarbonization technologies comprised of two business units: Radio Frequency (RF) Heating Technology and Seismic Imaging Software. Acceleware is piloting RF XL, its patented low-cost, low-carbon production technology for heavy oil and oil sands that is materially different from any heavy oil recovery technique used today. Acceleware's vision is that electrification of heavy oil and oil sands production can be made possible through RF XL, supporting a transition to much cleaner energy production that can quickly bend the emissions curve downward. Further, Acceleware’s RF XL technology could eliminate greenhouse gas (GHG) emissions associated with heavy oil and oil sands production. RF XL uses no water, requires no solvent, has a small physical footprint, can be redeployed from site to site, and can be applied to a multitude of reservoir types.Acceleware has partnered with Saa Dene Group (co-founded by Jim Boucher) to create Acceleware | Kisâstwêw to raise the profile, adoption, and value of Acceleware technologies. The shared vision of the partnership is to improve the environmental and economic performance of the energy sector by supporting ideals that are important to Indigenous peoples, including respect for land, water, and clean air. The Company’s seismic imaging software solutions are state-of-the-art for high fidelity imaging, providing the most accurate and advanced imaging available for oil exploration in complex geologies. Acceleware is a public company listed on Canada’s TSX Venture Exchange under the trading symbol “AXE”.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Oct 20, 2022 | Post-IPO Equity | $1.80M | — | — | — | Detail |
Apr 5, 2022 | Post-IPO Debt | $715K | — | — | — | Detail |
Nov 6, 2017 | Grant | $10M | 3 | Emissions Reduction Alberta (ERA) Sustainable Development Technology Canada | — | Detail |
Jan 22, 2007 | Post-IPO Equity | $2.92M | — | — | — | Detail |
Apr 12, 2005 | IPO | — | — | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Emissions Reduction Alberta (ERA) | Yes | Grant |
Sustainable Development Technology Canada | Yes | Grant |
Alberta Innovates | — | Grant |