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<\/figure>\n<\/div>\n\n\nFeX Energy is developing iron-based long-duration energy storage, a breakthrough technology offering unparalleled energy density, ease of deployment, and storage stability without self-discharge. These attributes make it especially well-suited for displacing high-cost fossil fuels in remote and hard-to-access locations.<\/p>\n\n\n\n
“Reaching this milestone is a moment of gratitude and celebration. The team has created real value and we\u2019re ready for the next stage of growth,” said Hayden Smith<\/a>, CEO of FeX Energy<\/strong>.<\/p>\n\n\n\n “Our mission at FeX is to empower industry decarbonization with iron energy \u2013 affordable, safe, and globally abundant. With this seed funding, and the strong alignment of our new investors, we are well positioned to demonstrate how our solution can replace high-cost fossil fuels in even the most remote and challenging locations, while laying the foundation for scalable growth across global energy systems.”<\/p>\n\n\n\n The round is led by Fathom Fund, a Houston-based deep-tech venture capital firm with strong ties to the global energy industry. As a lead investor, Fathom will leverage both its capital and sector expertise to help FeX reach the largest greenhouse gas emitters searching for economic pathways to decarbonize.<\/p>\n\n\n\n “At Fathom we have looked at practically every long-duration storage solution in the market. FeX\u2019s thermochemical approach stood out for its unique combination of unparalleled energy density, stability of storage without self-discharge, and reliance on abundant low-cost iron,”<\/p>\n\n\n\n said Paul Sheng<\/a>, Managing Partner of Fathom Fund<\/strong>. “We believe this is a breakthrough solution with the potential to decarbonize some of the most difficult sectors of the energy system, and we are excited to support Hayden and the team with capital, industry connections, and follow-on investment for growth.”<\/p>\n\n\n\n Alongside Fathom, Amplify Capital is the anchor Canadian institutional investor in the round. A leading impact venture fund, Amplify brings a decade-long track record of backing climate technologies and hardware-enabled business models aimed at driving deep decarbonization.<\/p>\n\n\n\n \u201cFeX exemplifies the kind of bold, scalable solution Canada can contribute to the global energy transition, combining scientific excellence with a clear pathway to industrial decarbonization,\u201d<\/p>\n\n\n\n said Trish Nixon<\/a>, Venture Partner at Amplify Capital<\/strong>. \u201cWhat impressed us was not only FeX\u2019s breakthrough technology, but also the team\u2019s commitment to building with purpose, impact, and integrity. We look forward to helping FeX strengthen its Canadian presence while supporting its journey to become a global leader in long-duration energy storage.\u201d<\/p>\n\n\n\n The round also includes Antares Ventures, a Singapore-based deep-tech fund known for supporting Canadian companies with entry into Asian markets. Their participation underscores FeX\u2019s long-term international potential.<\/p>\n\n\n\n \u201cIndustrial heat is one of the hardest points in Asia’s energy transition. FeX Energy offers\u00a0a distinctive solution to\u00a0leverage renewable energy to generate high-quality temperature at a scale and cost that heavy industry requires,”said Michael Gryseels<\/a>, Founder and Managing Partner of Antares Ventures<\/strong>. “Antares is excited to support FeX as they are launch and expand into Asia\u2019s growth markets.\u201d<\/p>\n\n\n\n The journey of FeX Energy began at McGill University\u2019s Alternative Fuels Lab under Professor Jeffrey Bergthorson. It was then launched as Hard Climate\u2019s flagship venture, designed to scale breakthrough clean technologies with global impact.<\/p>\n\n\n\n “FeX represents the kind of world-changing innovation Hard Climate was created to support,”<\/p>\n\n\n\n said <\/strong>Marc Guilbert, Ph.D.<\/a>, CEO of <\/strong>Hard Climate<\/a>. “From its origins in McGill\u2019s Alternative Fuels Lab to today\u2019s seed round milestone, FeX embodies both the scientific excellence and the entrepreneurial drive needed to deliver meaningful climate solutions at scale.”<\/p>\n\n\n\n With this investment, FeX Energy will focus on executing its first pilot project and expanding its consortium of industry partners.<\/p>\n\n\n\n FeX Energy<\/a> is a Canadian cleantech company developing iron-based long-duration energy storage to displace fossil fuels with affordable and scalable clean energy. Founded out of McGill University\u2019s Alternative Fuels Lab under Professor Jeffrey Bergthorson, FeX Energy is the flagship venture of Hard Climate. The company\u2019s values \u2013 impact, care, and trust \u2013 guide its mission to empower industry and communities with iron energy.<\/p>\n\n\n\n Fathom Fund<\/a> is a Houston-based deep-tech venture capital firm with strong ties to the global energy industry. The fund invests in transformative hardware solutions that address climate change and industrial decarbonization, bringing both capital and deep sector expertise to scale breakthrough technologies.<\/p>\n\n\n\n Amplify Capital<\/a> is a Canadian venture fund with over $90M in assets under management, investing in early-stage startups addressing urgent challenges in climate, health, and the future of work. Since 2016, Amplify Capital has supported over 30 companies and relentless founding teams across Canada and the U.S., in pursuit of superior returns and exceptional impact.<\/p>\n\n\n\nAbout FeX Energy<\/h3>\n\n\n\n
About Fathom Fund<\/h3>\n\n\n\n
About Amplify Capital<\/h3>\n\n\n\n
About Antares Ventures<\/h3>\n\n\n\n