NorthX Climate Tech has announced $2 million in new investments for B.C. climate technology companies. The news was shared Wednesday at Converge 2025, the annual gathering of B.C.’s climate tech community.

The funding includes $500,000 for five companies emerging from local post-secondary institutions—each receiving a $100,000 seed investment to accelerate early development. The ventures span industrial decarbonization, new materials, and next-generation energy storage: Carbonyx, CURA, and Narval Energy from the University of British Columbia; Green Manganese from BCIT; and PhyCo from Simon Fraser University.

NorthX is also making a $1.5 million follow-on investment in Vancouver-based Mangrove Lithium to help the company demonstrate continuous operation of its electrochemical lithium refining platform, the final step before commercial deployment. The technology aims to deliver a low-carbon, scalable method for producing battery-grade lithium and reshoring part of a supply chain that remains heavily concentrated overseas.

“Every major climate tech solution begins with a spark — a question asked in a lab, on a shop floor, or inside a university,” said Sarah Goodman, NorthX’s president and CEO. “NorthX exists to back the builders turning ideas into industry with capital, connections, and conviction.”

Goodman said the additional support for Mangrove Lithium reflects the company’s progress toward proving that clean, scalable lithium refining can be developed in B.C. to support the growing North American battery and electric vehicle sectors.

Stastia West, Shell Canada president and country chair, noted that collaboration across companies, universities, and government is essential to scaling new climate technologies. “Working together… will help drive the new technologies that are needed to scale-up B.C.’s lower carbon economy,” she said.

With more than $17 million invested in post-secondary spinouts to date, NorthX says it is now the largest investor in university-emergent climate ventures in Canada. Across its portfolio, the organization has backed 80 projects with nearly $48.3 million in funding, supported the creation of more than 900 jobs, and helped attract $475 million in follow-on investment. University spinouts alone have drawn more than $260 million in co-funding, 82 percent of which has come from private-sector partners.

NorthX’s latest commitments underscore the role that B.C.’s universities—and homegrown funders—are playing in developing the region’s next generation of climate hard tech companies.