# Orennia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/orennia

- Industry: Renewable Energy
- Headquarters: Calgary, Canada
- Website: www.orennia.com
- Total disclosed funding: $25M
- Latest round: Series C (Jan 21, 2025)
- Investors on record: 8

## About

Orennia Inc., based in Calgary, Canada, delivers data-driven insights and analytical services to the energy transition sector, facilitating strategic investment in renewable energy and clean technologies for clients across North America.Orennia Inc. was founded in 2021 in Calgary, Canada, focusing on providing analytical services for the energy transition sector. The company has completed a total of 3 deals, with its most recent funding round being a SERIES B that raised USD 25.00 mn, led by Wellington Management and supported by investors including NGP, Quantum Capital Group, Tupper Lake Partners, and Veriten LLC. CEO Brook Papau brings a wealth of experience, although no prior companies are attributed to him in the available data.Orennia specializes in offering market analytics, economic forecasts, and strategic research services for the energy transition sector. Their solutions assist clients, including energy developers, utilities, and institutional investors, in navigating the complexities of power generation, battery storage, and clean fuel markets. Orennia’s services are particularly valuable in regions across North America that are experiencing rapid growth in renewable energy adoption and infrastructure development, addressing challenges related to project economics and resource allocation.Operating on a subscription-based revenue model, Orennia generates income from various tiers of access to analytical tools and insights. Clients, including energy sector stakeholders and institutional investors, engage in B2B transactions to obtain tailored research and data reports. The company also collaborates with industry leaders to enrich its offerings, generating revenue through subscriptions for regular insights, project consultations, and customized analytics services related to investments in power projects, clean fuels, and carbon capture technologies.In January 2025, Orennia Inc. secured funding through a SERIES C round led by Decarbonization Partners, aimed at advancing its innovation. The funding will be utilized to empower clients in accelerating the energy transition through the development of its next-generation platform, Ion_AI. The company plans to expand its product offerings and enhance its capabilities to cater to the evolving market needs, while continuing to focus on regions with significant potential for renewable energy growth.

## Funding rounds

- Series C, Jan 21, 2025 — Decarbonization Partners
- Series B, Jul 11, 2023, $25M — NGP, Quantum Capital Group, Wellington Management, Veriten LLC, Tupper Lake Partners
- Series A, May 18, 2021 — NGP, Quantum Capital Group, Global Reserve Group, Stronghold Resource Partners

## Investors

- NGP (https://capitalatlas.ai/funds/ngp) — Series A, Series B
- Quantum Capital Group (https://capitalatlas.ai/funds/quantum-capital-group) — Series A, Series B
- Global Reserve Group — Series A
- Stronghold Resource Partners (https://capitalatlas.ai/funds/stronghold-resource-partners) — Series A
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series B
- Veriten LLC — Series B
- Tupper Lake Partners (https://capitalatlas.ai/funds/tupper-lake-partners) — Series B
- Decarbonization Partners (https://capitalatlas.ai/funds/decarbonization-partners) — Series C