Press Release | McGill and BXVentures Announce New Cleantech Spinoff

November 9, 2023
Press Release | McGill and BXVentures Announce New Cleantech Spinoff

We're thrilled to introduce FeX Energy, a clean tech spinoff born from our partnership with McGill University. This venture is the fruit of two decades of research by Professor Jeff Bergthorson and his team, culminating in a cutting-edge Long Duration Energy Storage (LDES) solution. This zero-carbon, perpetually renewable energy system is specially designed for industrial applications, marking a significant milestone for us at BXVentures in our journey to transform academic innovation into commercial success.

Marc Guilbert, Ph.D., Co-founder & CEO of BXVentures Canada, highlights the venture's potential. "Our partnership with McGill University is a prime example of amplifying academic research through operational support and entrepreneurial expertise. FeX Energy is poised to become a frontrunner in LDES, powering a clean energy economy." This venture not only underlines our commitment to innovation but also reinforces the importance of partnerships in advancing climatetech.

Discover more about this groundbreaking venture in the full press release here.

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