iQ LOOP Advances North American Market Entry With Invest Ottawa

Ottawa, Ontario — June 2026

iQ LOOP's CEO, Daniel Henbest, and Head of Americas, Turgut Abacioglu, completed a week-long market-entry mission to Ottawa, meeting with Invest Ottawa, Kanata North Technology Park, Area X.O, and Natural Resources Canada to lay the groundwork for the company's Canadian operations. The engagement confirmed strong commercial interest in iQ LOOP's aluminium-based energy storage platform, particularly its ability to deliver dispatchable power during peak-demand periods at costs below diesel, with fixed pricing over multiple years.

Conversations with Hydro Ottawa's Envari division and regional industrial stakeholders reinforced Ottawa, and Kanata North in particular, as a strong candidate location for iQ LOOP's Americas base. The company is now moving to establish a Canadian entity and formalise its participation in the Invest Ottawa programme, positioning it directly alongside the region's technology and energy ecosystem.