Orennia Secures Series C Funding For Energy Transition

Orennia Inc., a leader in AI-powered solutions for the energy transition sector, has successfully closed its Series C growth financing round. The funding was led by Decarbonization Partners, a joint venture of global investment giants BlackRock and Temasek, with additional support from existing investors. This latest investment underscores Orennia's pivotal role in transforming the energy landscape through advanced digital technologies.

The new capital will be channeled into reinforcing Orennia's Ion_AI platform, an advanced tool providing accurate data, actionable insights, and advanced analytics to critical sectors such as power, renewables, data centers, clean fuels, and carbon capture. Combining cutting-edge artificial intelligence with extensive customer support, Ion_AI enables companies to make smarter, faster decisions on their energy transition journeys.

Brook Papau, the CEO and co-founder of Orennia, highlighted the distinction that the platform draws in an industry where most technology providers fail to match promises. "In an industry where many technology providers fall short of their claims, we are proud to stand out as a leader," said Papau. "This investment underscores the real, actionable value Orennia brings its clients.". Our platform offers a lasting strategic advantage, reshaping what's possible in the energy transition. We're unwavering champions for our clients, and it pays: 95% of them tell us we are speeding up their workflows, and 93% tell us we are improving their capital-allocation decisions.

The Ion_AI platform has already proven to be trusted by a vast circle of market participants. Most clients note significant improvements in workflow acceleration and capital allocation decisions. The platform delivers on delivering precise, timely, and reliable data to respond to the critical need for trustworthy insights within the fast-paced energy transition space.

Decarbonization Partners' Dr. Meghan Sharp, the global head and Chief Investment Officer, lauded the role of Orennia in driving decarbonization. Orennia's market-leading software platform is a perfect example of how digital technologies can deliver meaningful decarbonization results across a portfolio of blue-chip customers," she said. Sharp underscored the importance of robust data and analytics in allowing developers and investors to make informed and confident investment decisions. "Orennia's platform empowers market participants to make timely and confident investment decisions that yield proven results and expedite projects," she added.

The funding occurs at a point when the pressure to decarbonize globally is increasing, with the demand for innovative solutions toward the complexities of the energy transition. With more capital, Orennia would look to advance the capabilities of its platform and build on its support toward clients navigating through the challenging decarbonization terrain.

Co-founder and Chief Financial Officer Tanya Baeza explained, "We are thrilled with the opportunities the new investment brings for the company and our clients. The trust of our industry's leading organizations is the foundation that encourages us to drive excellence in value creation for our clients. We're excited to deploy this capital in our pursuit to advance innovation at Orennia as we empower clients to accelerate energy transition.".

This strategic funding also reflects broader industry recognition of the vital role digital solutions play in meeting global energy transition goals. As countries and organisations around the globe strive to achieve net-zero emissions, platforms such as Ion_AI are becoming the ideal tools for optimising resources, pushing operational efficiency, and ensuring significant returns for investors.

Orennia's growth is in line with the increasing focus on sustainability, decarbonization, and the adoption of clean energy technologies. The company is helping its clients reduce risks, identify opportunities, and drive impactful results in the fight against climate change by providing a data-driven approach to decision-making.

The involvement of Decarbonization Partners, a collaborative initiative between BlackRock and Temasek, further highlights the importance of integrating financial expertise with technological innovation to achieve long-term sustainability goals. The partnership is committed to identifying and supporting companies like Orennia that are at the forefront of decarbonization efforts.

Orennia's CEO, Brook Papau, thanked investors for their continued support and reaffirmed the company's commitment to delivering value to its clients. "This investment not only validates our approach but also motivates us to push the boundaries of what's possible in the energy transition space. We are excited about the future and the role we will play in shaping a more sustainable world," Papau said.

Orennia is certainly poised to deepen its leadership within the energy transition sector with such substantial financial muscle. The firm's innovative spirit and relentless push to deliver actionable insights are most likely to precipitate transformative changes across industries in general, helping shift the globe towards a more greener and sustainable future.