March 19, 2026, Mount Pearl, NL: Solace Power Inc. (“Solace”), a Canadian deep-tech company specializing in wireless power and data transfer, today announced that it is one of five companies in Newfoundland and Labrador to receive funding through the Government of Canada’s Regional Defence Investment Initiative (RDII), delivered by the Atlantic Canada Opportunities Agency (ACOA).
The Government of Canada’s announcement includes a total investment of $16 million to support five projects in the province, aimed at strengthening Canada’s defence industrial base, advancing critical technologies, and supporting high-skilled job creation. Solace has been awarded $4 million to support the continued development and commercialization of its wireless power and data technology in harsh environments, including the Arctic.
“This investment is a strong endorsement of the direction set by Canada’s new Defence Industrial Strategy and the critical role that scaling Canadian companies must play to strengthen our industrial base while delivering mission advantage to the Canadian Armed Forces,” said Neil Chaulk, Chief Executive Officer of Solace Power. “At Solace, we’re building technology that works where traditional approaches fall short; delivering stable power and data in harsh, changeable environments, without compromising performance and improving resiliency. In doing so, we’re opening up new possibilities for how defence systems are built, deployed, and maintained.”
The investment also highlights Solace’s growing contribution of world-leading, dual-use technology to aerospace and defence innovation in Atlantic Canada and its role in strengthening the region’s position in Canada’s defence sector.
“The RDII program is a key pillar of Canada’s Defence Industrial Strategy, helping small and medium-sized companies scale technologies that directly contribute to national security and economic growth,” said Colin Ryan, COO & CFO of Solace Power. “For Solace, this investment supports continued development and commercialization, all while strengthening the region’s highly skilled workforce and long-term industrial capacity in Atlantic Canada.”
Solace’s patented technology enables wireless power and data transfer through sealed barriers and in virtually any environment, eliminating physical connectors and complex wiring harnesses in mission-critical systems. Designed for deployment across air, land and sea environments, it delivers consistent performance, even under the most demanding operational conditions. For the aerospace and defence market, this enables:
Solace’s aerospace and defence platform, built on over a decade of focused research and development, continues to gain traction with global partners, including ongoing collaborations with major industry players like Boeing, further validating the role of wireless power and data in next-generation defence systems.
With a strong foundation in engineering and innovation, a growing portfolio of patented technologies, and increasing global engagement, Solace continues to position itself at the forefront of wireless power innovation across aerospace, defence, telecommunications, and automotive markets.
Solace Power Inc. empowers innovators to break free from the constraints of wired systems by delivering intelligent wireless power and data solutions. Its patented technology enables groundbreaking applications in aerospace and defence, automotive, industrial automation, and telecommunications, redefining what’s possible in these industries. Headquartered in Mount Pearl, Newfoundland and Labrador, the Solace team thrives on bold ideas, teamwork, and a culture that fosters excellence through diversity. Recognized for its innovation and impact, the company has earned accolades such as the Boeing Silver Level Performance Excellence Award, Deloitte’s Technology Fast 50™/Companies-to-Watch, and the Best Places to Work in Atlantic Canada 2024 & 2025 Awards.
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