# Elemental Energy Elemental Energy is a Corporate Investor based in Vancouver, Canada. ## Overview - **Organization type:** Corporate Investor - **Headquarters:** Vancouver, Canada - **Region:** North America - **Address:** Vancouver, BC, Canada - **Founded:** 2006 - **Assets under management:** Undisclosed - **Website:** www.elementalenergy.ca - **LinkedIn:** https://www.linkedin.com/company/elemental-energy-llc ## Regulatory record - **Reports private funds:** No ## About Founded in 2006 by Joe Houssian, Elemental Energy represents a direct pivot from the real estate development wealth he accumulated through Intrawest — the resort developer behind Whistler Blackcomb — and Intracorp, a major North American homebuilder. The firm develops, owns, and operates utility-scale renewable energy projects across Canada, functioning as a dedicated clean-energy platform rather than a generalist family office. The Houssian family's presence extends through the Houssian Foundation, a separate philanthropic vehicle run by members including Jamie Houssian, who also serves as a principal at Elemental Energy. Elemental Energy's portfolio spans wind, solar, and hydroelectric assets concentrated in Western Canada and the Maritimes. Confirmed projects include the Brooks Solar Project in Alberta, the Box Canyon Hydro Project in British Columbia, and the Chappice Lake Solar + Storage facility near Medicine Hat — the latter developed in partnership with Cold Lake First Nations. In Nova Scotia, the firm holds the Higgins Mountain and Wedgeport wind farms, alongside the St. Lawrence Wind Farm in Newfoundland. The strategy leans toward greenfield development and long-term ownership of operating assets, earning revenue through power purchase agreements rather than speculative technology bets. The geographic footprint stretches from British Columbia's Howe Sound to Newfoundland's coast. The firm does not publicly disclose total deployment or AUM. The operating portfolio includes at least seven named renewable energy installations, with solar and wind making up the bulk of capacity. Joe Houssian is a long-time member of YPO, and the firm maintains active ties to industry associations including Clean Energy BC and the Canadian Solar Industries Association. In September 2023, Elemental Energy advanced the Chappice Lake Solar + Storage project through Alberta's regulatory process, reinforcing its focus on hybrid renewable-plus-storage development in the province's deregulated electricity market. Elemental Energy's structure sets it apart from most family-backed investors in renewables. It functions as a corporate owner-operator, not a fund manager — it does not raise third-party capital cycles or charge management fees. Instead, it develops and holds assets directly, a model that mirrors the Houssian family's earlier real estate businesses: buy or build, operate for cash flow, and hold for the long term. ## Sectors - Energy Transition & Renewables - Infrastructure ## People - Joe Houssian — Founder - Jamie Houssian — Principal ## Questions ### Does Elemental Energy raise outside capital or invest purely family funds? Elemental Energy develops and operates projects as a corporate entity, not a managed fund. The firm relies on its own balance sheet and project-level financing — including construction debt and tax-equity structures — rather than raising blind-pool capital from third-party investors. This structure gives it permanent capital and the flexibility to hold assets indefinitely. ### What is Elemental Energy's geographic focus? The firm concentrates on Canada, with operating projects in British Columbia, Alberta, Nova Scotia, and Newfoundland. Western Canada — particularly Alberta's deregulated power market — represents the densest concentration of assets. The firm has not publicly announced expansion into the United States or other international markets. ### How does Elemental Energy source its project pipeline? Elemental Energy develops most projects from greenfield, identifying sites with suitable wind or solar resources and securing interconnection and permitting rights. Its long-standing relationships with Canadian industry associations like Clean Energy BC and CanSIA, combined with Joe Houssian's network through YPO, provide early visibility into development opportunities and potential co-development partners such as Cold Lake First Nations. ### How is Elemental Energy's wealth connected to the broader Houssian family? Joe Houssian generated the underlying wealth through Intrawest, the resort developer behind Whistler Blackcomb and other destination properties, and Intracorp, a homebuilder active across North America. The Houssian Foundation, run by several family members including Jamie, Joey, and Jessica Houssian, operates as a separate philanthropic entity focused on gender equality, climate, and community initiatives. ### What types of renewable energy does Elemental Energy develop? The portfolio includes wind, solar photovoltaic, and run-of-river hydroelectric projects. Recent activity shows increased emphasis on solar-plus-storage hybrid facilities, exemplified by the Chappice Lake project in Alberta. The firm does not appear to invest in biomass, nuclear, or emerging technologies such as green hydrogen. ## Related profiles - [Element Wealth](https://altss.com/profile/element-wealth) - [Elementary Teachers' Federation of Ontario Health Care Trust](https://altss.com/profile/elementary-teachers-federation-of-ontario-health-care-trust) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/elemental-energy Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology