# Ore Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ore-energy-b-v

- Industry: Energy Storage & Batteries
- Headquarters: Amsterdam, Netherlands
- Website: www.ore-energy.com
- Total disclosed funding: $54M
- Latest round: Series A (Aug 4, 2026)
- Investors on record: 3

## About

Based in Amsterdam, Netherlands, and founded in 2022 by co-founder Aytac Yilmaz, Ore Energy B.V. operates as an energy equipment company producing long-duration energy storage solutions using iron-air battery technology for energy providers and grid operators. In May 2024, Ore Energy B.V. raised EUR 10 million in seed from Positron Ventures. 

Ore Energy B.V. manufactures a grid-scale long duration energy storage system, which is designed to support energy providers. The company’s battery technology operates on chemical reaction of rusting to generate electricity and reverses this reaction during charging. Its modular design has interlocking building blocks, that allows it to scale from MWh to GWh levels.

## Funding rounds

- Series A, Aug 4, 2026, $43M — HV Capital, Plural, Positron Ventures
- Seed, May 22, 2024, $11M — Positron Ventures

## Investors

- Positron Ventures (https://capitalatlas.ai/funds/positron-ventures) — Seed, Series A
- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Series A
- Plural (https://capitalatlas.ai/funds/plural) — Series A