Alberta, Canada-based Orennia provides AI-powered predictive analytics for cleantech investors and project developers in wind, solar, energy storage, hydrogen, data centers and other power sectors.
“Developers and investors across the energy transition space require trustworthy data, analytics and insights,” said Meghan Sharp of Decarbonization Partners, the joint venture of BlackRock and Temasek, which led the Series C round. In its $25 million Series B round two years ago, Orennia scooped up capital from Wellington Management, Quantum Energy Partners and other energy transition backers.
Insight to value
Orennia says most of its customers have seen improvement in their workflows and capital allocations. FlexGen, a Durham, NC-based developer of grid energy storage systems, partnered with Orennia in 2022 to expand in the US storage market.
FlexGen secured a $75 million line of credit from JP Morgan last week to expand energy storage to help maintain grid stability as AI and cloud computing drive data center power demand.
