What is Solace Power?
Solace Power operates at the intersection of advanced engineering and applied physics, specializing in the development of adaptive wireless power and data transfer solutions. Unlike conventional inductive charging methods, Solace Power focuses on delivering reliable, scalable energy transmission that meets the rigorous demands of enterprise-level environments. The company's market position is defined by its ability to solve complex power delivery challenges, making it a critical partner for sectors requiring high-efficiency, cable-free infrastructure. By prioritizing versatility and reliability, Solace Power is effectively bridging the gap between laboratory innovation and commercial deployment in the wireless energy sector.
How much funding has Solace Power raised?
Solace Power has raised a total of $2.8M across 2 funding rounds:
Grant
$2.3M
Unspecified
$500K
Grant (2017): $2.3M with participation from Atlantic Canada Opportunities Agency, Research and Development Corp., and Lockheed Martin
Unspecified (2017): $500K led by Atlantic Canada Opportunities Agency
Key Investors in Solace Power
Atlantic Canada Opportunities Agency
The Atlantic Canada Opportunities Agency works to create opportunities for economic growth in Atlantic Canada. The organization is headquartered in New Brunswick, Canada.
Research and Development Corp.
The Department of Tourism, Culture, Arts and Recreation leads initiatives in Newfoundland and Labrador, focusing on economic growth and strategic development through research and innovation support.
Lockheed Martin
Lockheed Martin Corporation is a global aerospace and defense company engaged in the research, design, development, and manufacture of advanced technology systems and services.
What's next for Solace Power?
With the recent infusion of capital, Solace Power is expected to transition into a more aggressive scaling phase. The strategic roadmap likely involves deepening its integration with defense and aerospace partners, where wireless power efficiency is paramount for mission-critical systems. Future growth will likely focus on expanding the intellectual property portfolio and refining the adaptive nature of its technology to accommodate a broader range of industrial hardware. As the company matures, the focus will shift from foundational research to high-volume commercialization, potentially setting new industry standards for wireless energy distribution in complex, high-stakes environments.
See full Solace Power company page
