The investment highlights Orennia’s differentiated solution for the energy transition with insights across the renewables, storage, clean fuels and decarbonisation sectors.
“As the world decarbonises 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 maximise returns,” said Brook Papau, Orennia’s co-founder and CEO. “Our platform continues to be the only solution developers and investors have to find accurate and actionable information focused purely on the energy transition.”
“Effective data and robust analytics play a pivotal role in expediting the development of energy transition project infrastructure,” said Michael DeLucia, sector lead for private climate investing with Wellington. “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.”
Orennia’s platform empowers clients to harness technology, driving error reduction, accelerated growth, and enhanced returns on invested capital. Leveraging differentiated data and advanced analytics in sectors such as solar, wind, storage, power, RNG, CCUS, clean fuels, and hydrogen, Orennia’s clients gain a competitive edge in the energy transition and effectively address climate change challenges.
“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,” said Tanya Baeza, Orennia’s co-founder and chief financial officer. “We are honoured to partner with this investment team, who share our vision of the future, as we accelerate our growth and innovation.”