Orennia, a Calgary, Canada-based commercial analytics platform for the energy transition with insights across the renewables, storage, clean fuels and decarbonization sectors, raised US$25M in Series B funding.
The round was led by Wellington Management with participation from existing investors Quantum Innovation Fund, NGP, Veriten and Tupper Lake Partners. Orennia added Michael DeLucia, sector lead for private climate investing with Wellington Management, and Jeffrey Harris, partner with Quantum Energy Partners, to its board of directors.
The company intends to use the funds to expand the team further, while executing on its product roadmap and continuously building accurate insights for clients.
Led by Brook Papau, CEO, and Tanya Baeza, chief financial officer, Orennia provides commercial analytics to help inform investment and capital allocation decisions for renewable and low-carbon energy. Its insights, curated by industry experts, help investors across the energy transition accelerate their time-to-value and make confident investment decisions.
Clients include players across the solar, wind, storage, power, RNG, CCUS, clean fuels and hydrogen sectors.
FinSMEs
11/07/2023