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Press Releases

TORONTO, ON – November 5, 2025 – Aslan Renewables today announced the close of a $1.25 million pre-seed round, led by Antares Ventures, with participation from the MaRS Investment Accelerator Fund (IAF) and the UCeed Energy Fund at the University of Calgary. The investment positions Aslan to reactivate Canada’s aging hydro infrastructure and scale a model that strengthens domestic energy security through mass activation of sites that were previously unpowered.

As global energy uncertainty intensifies and provincial shortages highlight the need for sustainable baseload supply, Canada has a once-in-a-generation opportunity to lead in secure, clean energy. Aslan Renewables, a rising force in modern hydropower, is transforming dormant dams into a source of sustainable advantage for the country.

“Hydropower has powered Canadians for generations,” said Andrew Murray, CEO of Aslan Renewables. “But the era of mega-dams is behind us. By re-energizing thousands of small, dormant sites, we can modernize legacy infrastructure, deploy at speed, and unlock gigawatts of dependable, clean power.”

Energy Security Today

Global conflicts, supply chain disruptions, and price shocks have made energy resilience a non-partisan issue with deep consumer impact. While hydroelectricity has long been a Canadian strength, only 2% of the country’s 50,000 dams currently generate power, according to estimates developed by Aslan Renewables.

Aslan Renewables addresses this gap with scalable, modular hydro systems that activate existing infrastructure – delivering affordable baseload power without the environmental or financial burden of new dam construction. While this model is key to unlocking baseload power at home, Aslan’s products are highly exportable to international markets also vying for new baseload sources, like Southeast Asia, an opportunity that attracted Antares Ventures, a leading Deep Tech investor in Asian growth markets.

Founder and Managing Partner of Antares Ventures, Michael Gryseels, said,

“At Antares, we back rigorous, commercially grounded approaches to energy resilience that address both the urgency and complexity of transition markets. Hydropower remains one of the most overlooked yet proven renewable sources across Asia, particularly in rural regions. Aslan Renewables brings the right discipline to that challenge. Its modular systems and data-led operations make the reactivation of dormant sites practical and scalable, turning idle assets into dependable baseload power.”

Earlier this month, Aslan was named the first-place winner of the Energy Transition Track at the Climate Impact Innovations Challenge (CIIC) 2025 in Indonesia, hosted by East Ventures and the Temasek Foundation. Michael added,

“While Aslan’s deployments are rooted in Canada, the model carries clear relevance for Asia growth markets. Recognition at CIIC 2025 reflects not only strong science but also the applicability of this global model to regions where underused infrastructure and rising baseload demand converge. With our deep connectivity, we stay committed to helping catalyze Aslan’s success across Asia’s key markets.”

Scaling Innovation

“Aslan is reimagining hydropower for the 21st century. By fusing modular design with advanced monitoring, they’re setting a new standard for clean, resilient baseload power. IAF is proud to support their vision and help scale a Canadian innovation with global impact,” said Grace Lee Reynolds, CEO of MaRS Discovery District.

By pairing the new power plant design with AI-driven remote operations software, Aslan delivers not only smarter operations but also deeper environmental stewardship. Its technology enables predictive monitoring that ensures reliable, autonomous performance while simultaneously safeguarding natural ecosystems. Advanced environmental monitoring provides transparent data for Aslan, local communities, First Nations partners, and wildlife advocacy groups, reinforcing trust and accountability. At the same time, automated reporting tools streamline complex environmental and regulatory requirements, setting a higher standard for compliance and sustainability across the industry. This fusion of hardware and software unlocks an entirely new era of smart, distributed baseload power for our energy supply.

“Hydropower offers an opportunity to tackle old problems in new ways,” said Murray. “Aslan has designed a hydropower plant that’s agile, can be installed in a day without altering our rivers, and can be just as easily removed. By pairing these systems with AI-driven monitoring, we ensure that we uphold the highest environmental standards – working with communities to uphold their values and doing it with full transparency.”

About Aslan Renewables

Founded in 2019 in Prince Edward Island, Aslan Renewables designs and deploys modern hydro systems that reactivate decommissioned and under-utilized water infrastructure. By combining modular turbine design with advanced monitoring software, Aslan delivers cost-efficient, ecologically friendly, and rapidly deployable power solutions across North America and beyond.

For more information, visit www.aslanrenewables.com.

About Antares Ventures

Antares Ventures is a specialist deep-tech venture capital fund with a mission to catalyze the scaling of world-class innovation across Asia Growth Markets (SEA, India, and the Middle East). We invest globally in early-growth-stage startups (around Series A) developing transformative technologies across our key thematics of energy transition & industrial decarbonisation, resilient cities & transportation, sustainable agriculture, and
advanced computing. Through our proprietary Asia Acceleration Model and backing of leading regional groups, we bridge world-class innovation and Asia growth opportunities, positioning us as the ideal partner for ambitious founders ready to transform critical industries in Asia.

For more information, visit www.antares.ventures and our LinkedIn.

TORONTO, ON — October 14, 2025 — Aslan Renewables, a Canadian energy company pioneering modular, eco-safe hydropower, has been awarded First Place in the Energy Transition Track at the Climate Impact Innovations Challenge (CIIC) 2025 in Jakarta, Indonesia. The Challenge, jointly hosted by East Ventures and Temasek Foundation, selected winners from hundreds of international climate technologies competing across multiple decarbonization categories.

As part of the award, Aslan Renewables will receive catalytic funding to launch its modular hydro systems across select sites in Indonesia, in partnership with state-owned utilities and regional development authorities.

The CIIC 2025 jury – composed of global climate investors, utilities, and ecosystem partners – recognized Aslan for its ability to activate existing water control infrastructure (such as small dams, spillways, and irrigation channels) and convert them into zero-carbon baseload power assets without excavation or ecological disruption.

“This award signals a major shift for hydropower across Southeast Asia,” said Andrew Murray, CEO of Aslan Renewables. “Communities do not need new infrastructure projects to generate clean energy – with this step, we will be able to unlock the power of check dams and irrigation that already exists. Indonesia is one of the world’s most water-rich geographies, and we are honoured to bring Canadian innovation to accelerate the country’s clean energy future.”


Unlike traditional hydropower, Aslan’s micro-plants are installed in 3-5 days, operate above-ground, and require no civil works or habitat disturbance. Each installation delivers continuous, baseload electricity and can be scaled modularly – from powering a village microgrid to multi-megawatt clusters supporting industrial and mining operations.

The CIIC announcement highlighted that the three winning companies, including Aslan, will collectively receive Rp10 billion (USD ~$600,000+) to pilot their technologies in Indonesia and demonstrate measurable climate and community benefits.