Funds for Green Tech Insights Firm Orennia

In Calgary, Canada, climate tech analytics and insights provider Orennia Inc. has announced the closing of a Series C growth financing round of unspecified amount. Funds are earmarked for expanding the firm's operations and accelerating its product development.

Orennia provides data, analytics and research for companies working in power, renewables, data centers, clean fuels and carbon capture, via a platform called Ion_AI. Clients use its services to make efficient capital-allocation decisions and maximize returns in the sector.

The round was led by Decarbonization Partners, a partnership between BlackRock and Temasek, with participation from existing investors.

Orennia CEO and co-founder Brook Papau comments: 'In an industry where many technology providers fall short of their claims, we are proud to stand out as a leader. This investment underscores the real, actionable value Orennia brings its clients. Our platform provides a durable strategic edge that's redefining what's possible in the energy transition. We are relentless supporters of our clients, and it shows: 95% say we're accelerating their workflows, and 93% say we're helping them make better capital-allocation decisions'.

'Developers and investors across the energy transition space require trustworthy data, analytics and insights' says Dr. Meghan Sharp, Global Head and Chief Investment Officer of Decarbonization Partners. 'Orennia's platform allows market participants to make timely and confident investment decisions that deliver proven results and accelerate projects'.

The firm is online at www.orennia.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.