/Companies

SeeO2 Energy

Techstars '19

Calgary, CA · Founded 2018 · 4 employees on LinkedIn · 1 known investors

Find your way into SeeO2 Energy

SeeO₂ Energy develops reversible solid oxide cell platforms for industrial decarbonization and energy generation. The company serves industrial clients seeking to reduce emissions while generating power.

Also known as SeeO2 Energy Inc. · SeeO₂ Energy Inc.

Investors · 1

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us

Company profile

researched Sep 2026

SeeO₂ Energy Inc. is a Calgary, Alberta-based clean technology company developing reversible solid oxide cell platforms for industrial decarbonization and power generation. Its core product is a high-temperature electrolyzer that takes CO2 from industrial waste streams and converts it into carbon monoxide, hydrogen, syngas and pure oxygen, which can be used downstream or sold. Operated in reverse, the same platform generates dispatchable power from multiple fuel sources, including hydrogen, natural gas and synthetic fuels.

The company frames the technology around three attributes: energy flexibility (storing energy as fuel and recovering it when needed), fuel optionality across deployment contexts, and readiness for industrial systems, distributed energy and power-intensive environments. It targets settings where carbon conversion, dispatchable power and fuel flexibility create system-level value, and states a vision of efficiently converting captured CO2 and/or water into fuels and chemicals using reversible solid oxide fuel cell technology.

SeeO2 originated as a University of Calgary spin-off founded by two postdoctoral fellows from Professor Viola Birss's chemistry laboratory. It is a small organization, reported in the range of 1-10 employees, operating from Calgary with technology areas spanning electrolysers, power-to-gas, solid oxide fuel cells, CO2 electrolysis, CO2-to-fuels, H2O electrolysis and reversible fuel cells.

Founding story

SeeO2 Energy was founded by Drs. Paul Addo and Beatriz Molero Sanchez, two postdoctoral fellows working in Professor Viola Birss's chemistry laboratory at the University of Calgary, where they developed technology to capture and convert carbon dioxide into high-value products. With assistance from Innovate Calgary they transferred the intellectual property out of the university and launched the company in April 2018. Both founders were former Mitacs Elevate interns; the Mitacs program paid them a monthly salary while they built the company and continued their research as postdoctoral associates, and their internships were sponsored by ATCO, a natural gas and electricity retailer that later invested in the company.

Business model

SeeO2 Energy develops and supplies electrochemical hardware — reversible solid oxide cell systems — to industrial and energy operators. Its stated customer proposition is on-site, cost-competitive production of industrial feedstocks from waste CO2 and water, alongside dispatchable power generation, positioning the equipment within existing industrial infrastructure and distributed energy systems.

Sale and deployment of on-site electrolyzer and reversible fuel cell units that produce industrial feedstocks (carbon monoxide, hydrogen, syngas, oxygen) and dispatchable power for customers; the outputs can be used downstream by the customer or sold.

Traction

By late 2019 the company had completed a successful benchtop prototype, grown to three full-time employees with 10 industry advisors and five board members, secured federal and provincial funding plus a private investment from ATCO, and lined up initial technology testers including a U.S.-based green plastic producer and ATCO Energy, with field-unit testing scheduled for 2020 and commercial shipments anticipated in 2021. The company continues to describe strategic partners on its website.

▸Full profile — market position, technology, go-to-market, geography, history

Market position

A small, early-stage Alberta clean technology venture in CO2 utilization and solid oxide electrochemistry, spun out of academic research and backed by an industrial utility shareholder.

The platform is reversible: the same solid oxide cell system both electrolyzes waste CO2 and water into fuels and chemical feedstocks and operates as a fuel cell to produce power, and it accepts multiple fuels including hydrogen, natural gas and synthetic fuels. The founders state that for every ton of CO2 removed and re-used, three tons of CO2 emissions are eliminated, and that the process is designed to give industrial operators a saleable asset rather than a disposal cost.

Technology

Reversible solid oxide cell technology. In electrolysis mode the high-temperature electrolyzer takes CO2 from waste streams, and/or water, and produces carbon monoxide, hydrogen, syngas and pure oxygen. In fuel cell mode it generates power from hydrogen, natural gas or synthetic fuels, supporting 24/7 operation and energy storage as fuel. Related technology areas include power-to-gas, power-to-fuels, CO2 electrolysis, H2O electrolysis and solid oxide electrolysis cells.

Go-to-market

The company pursued early field testing with industrial partners, naming a U.S.-based green plastic producer and ATCO Energy as the first companies to test the technology, and works with strategic partners and industry advisors. It leveraged Mitacs programs to staff R&D and to access university facilities and infrastructure, and used that support to obtain additional federal and provincial grants alongside private capital.

Industrial emitters and energy operators, specifically customers in the chemicals, metal processing, polymers and utilities industries, as well as distributed energy and power-intensive environments; early prospects included green plastics and petrochemicals producers.

Geography

Headquartered in Calgary, Alberta, Canada. Early customer and testing relationships included a U.S.-based green plastic producer and ATCO Energy, and the founders noted interest from companies in the EU and Asia.

History

The company launched in April 2018 out of the University of Calgary, with IP transferred from the university through Innovate Calgary. Within about a year and a half it had grown to three full-time employees, 10 industry advisors and five board members, completed a benchtop prototype, and secured federal and provincial public funding in addition to private capital. In April 2019 it appointed its first research team member through the Mitacs Accelerate program. ATCO, which had sponsored both founders' Mitacs internships, subsequently made a private investment and became a shareholder. As of 2019 the company was seeking $1.5 million in seed funding for a larger-scale field test unit, with testing planned for 2020 and commercial shipments expected in 2021. More recently the company presents a broader reversible solid oxide platform combining CO2-to-fuel conversion with multi-fuel dispatchable power generation, and its team includes co-founders Paul Addo (CEO) and Beatriz Molero (CTO), senior research scientists Alexander Gzyl and Mykhailo Pidburtnyi, directors Adrian Corless and Tony Wigglesworth, and advisors Viola Birss and Stace Willis.

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Board membersOct 20195 people
Employee rangeJan 20261-10
Full-time employeesOct 20193 people
HeadcountAug 20264
Industry advisorsOct 201910 people
Seed funding targetOct 2019$1.5M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 4

launches, deals, and filings
Oct 2019
ATCO makes private investment in SeeO2 Energy

ATCO, a natural gas and electricity retailer that had sponsored the founders' Mitacs internships, made a private investment in SeeO2 Energy and became a shareholder.

source ↗

Apr 2019
First research team member hired through Mitacs Accelerate

SeeO2 Energy appointed its first research team member through the Mitacs Accelerate program, using the program to staff its R&D.

source ↗

Jan 2019
Benchtop prototype of high-temperature CO2 electrolyzer completed

The company completed a successful benchtop prototype of its high-temperature electrolyzer, which converts CO2 from waste streams into carbon monoxide, hydrogen, syngas and pure oxygen. A larger-scale field test unit was planned, with testing scheduled to start in 2020 and commercial shipments expected in 2021.

source ↗

Apr 2018
SeeO2 Energy launched as University of Calgary spin-off

Postdoctoral fellows Paul Addo and Beatriz Molero Sanchez transferred IP developed in Professor Viola Birss's chemistry laboratory at the University of Calgary out of the university with help from Innovate Calgary, launching SeeO2 Energy in April 2018.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does SeeO2 Energy do?
Calgary clean-tech company building reversible solid oxide cell platforms that turn waste CO2 into fuels and generate dispatchable power.
Who are SeeO2 Energy's investors?
SeeO2 Energy's investors include Techstars.
Where is SeeO2 Energy headquartered?
SeeO2 Energy is headquartered in Calgary, CA.