Orennia – recently announced the completion of its Series B financing – raising US$25 million to accelerate the growth of its best-in-class data and analytics platform. And the investment highlights Orennia’s differentiated solution for the energy transition with insights across the renewables, storage, clean fuels, and decarbonization sectors. Orennia increases returns for the most sophisticated developers, investors, bankers, and corporations by providing up-to-date and reliable energy transition analytics.
The global investment in energy transition technologies has reached unprecedented levels. Yet, according to the International Renewable Energy Agency, investment must quadruple to over $5 trillion annually to stay on the 1.5°C pathway. And Orennia’s platform helps its clients leverage technology to reduce error, grow faster and increase returns on invested capital. Orennia’s clients rely on differentiated data and advanced analytics across the solar, wind, storage, power, RNG, CCUS, clean fuels, and hydrogen sectors to out-compete their peers, win the energy transition and mitigate the effects of climate change.
Orennia also welcomed Michael DeLucia, sector lead for private climate investing with Wellington Management, and Jeffrey Harris, partner with Quantum Energy Partners, to its board of directors.
KEY QUOTES:
“As the world decarbonizes its energy stack, trillions in capital need to be deployed. Without accurate data and predictive analytics, developers and investors will struggle to deploy capital efficiently and maximize returns. Our platform continues to be the only solution developers and investors have to find accurate and actionable information focused purely on the energy transition.”
— Brook Papau, Orennia’s co-founder and CEO
“Effective data and robust analytics play a pivotal role in expediting the development of energy transition project infrastructure. Orennia’s cutting-edge software platform provides a comprehensive solution for clients and empowers them to make smarter capital allocation choices. We are looking forward to the company’s next phase of growth.”
— Michael DeLucia, sector lead for private climate investing with Wellington
“Our company has grown substantially since launch. This Series B investment will allow Orennia to expand our team further, while executing on our product roadmap and continuously building accurate insights for our clients. We are honored to partner with this investment team, who share our vision of the future, as we accelerate our growth and innovation.”
— Tanya Baeza, Orennia’s co-founder and chief financial officer
