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§ Private Profile · 150 9 Ave SW Ste 410, Calgary, Alberta, T2P 3H9, Canada
Orennia is a company.
Orennia has raised $25.0M across 1 funding round.
Key people at Orennia.
Orennia has raised $25.0M in total across 1 funding round.
Orennia provides an energy intelligence platform, leveraging advanced AI and data-driven insights for commercial analytics. Its core offering assists energy transition developers and investors, enabling informed decision-making for investments and capital allocation in renewable and zero-carbon energy projects. The platform delivers actionable intelligence for the clean energy market.
Orennia was co-founded in 2021 by Brook Papau and Tanya Papau. Both founders brought significant experience from RS Energy Group, where Brook was a managing director and Tanya served as Senior Vice President of Finance. Their insight centered on the need for sophisticated, data-driven commercial analytics for the complex energy transition investment landscape.
The platform serves energy transition developers and investors, optimizing strategic and financial decisions in renewable and zero-carbon energy. Orennia's vision is to establish the definitive standard for commercial intelligence in the global energy transition, providing trusted insights that drive sustainable development and capital deployment into clean energy.
Orennia has raised $25.0M in total across 1 funding round.
Orennia's investors include Michael DeLucia, NGP, Jeffrey Harris, Tupper Lake Partners, Veriten.
Key people at Orennia.
Orennia has raised $25.0M across 1 funding round. Most recently, it raised $25.0M Series B in July 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 11, 2023 | $25M Series B | Michael Delucia | NGP, Jeffrey Harris, Tupper Lake Partners, Veriten | Announced |
Orennia is a Calgary-based technology company founded in 2021 that provides an AI-powered platform called Ion_AI for accurate data, predictive analytics, and actionable insights in the energy transition sector[1][2][4][5]. The platform serves investors, developers, bankers, and corporations in renewables (solar, wind), storage, power, clean fuels (RNG, hydrogen), carbon capture (CCUS), data centers, and decarbonization, helping them optimize capital allocation, manage risk, reduce errors, and maximize returns[1][2][3][4][5]. With strong growth momentum, Orennia has raised over $25M in Series B (2023, led by Wellington Management) and completed a Series C (led by Decarbonization Partners, BlackRock/Temasek), attracting top investors and boasting client satisfaction metrics like 95% workflow acceleration and 93% improved capital decisions[1][3].
Orennia was co-founded in 2021 by Brook Papau (CEO) and Tanya Baeza (CFO), both former executives at RS Energy Group (now Enverus)[5]. Papau, a mechanical engineering graduate from the University of Calgary, previously served as managing director at Enverus, where he launched the industry's first energy-specific ESG and GHG emissions analytics platform after starting as a renewables analyst[5]. Baeza, with expertise in finance and operations, was Senior Vice President of Finance at Enverus, leading accounting, audit, treasury, and enterprise initiatives[5]. The idea emerged from their experience addressing gaps in reliable energy transition data, gaining early traction through differentiated analytics that quickly positioned Orennia as a leader; pivotal moments include the 2023 Series B raise and recent Series C to fuel expansion[1][3][5].
Orennia rides the global energy transition wave, fueled by surging clean energy investments amid climate goals, data center booms (e.g., AI-driven power demand), and decarbonization mandates[1][8]. Its timing is ideal post-2021, aligning with explosive growth in renewables and CCUS as governments and corporations allocate trillions—e.g., Decarbonization Partners' $1.4B fund targets proven scalers like Orennia[1]. Market forces like capital scarcity for unproven projects favor its data-driven edge, enabling efficient allocation in fragmented sectors[2][3]. Orennia influences the ecosystem by empowering developers/investors to "win the energy transition," reducing errors, accelerating deals, and bridging tech with energy finance—positioning it as a key enabler amid rising demand for AI in cleantech[1][4][5].
Orennia is poised for hypergrowth, leveraging Series C capital to expand Ion_AI's coverage, team, and global reach amid trillion-dollar clean energy flows[1][3]. Trends like AI-optimized grids, hydrogen scaling, and data center electrification will amplify demand for its insights, potentially capturing more market share from incumbents. Its influence may evolve into an indispensable infrastructure layer for energy finance, much like Enverus in oil/gas—watch for partnerships, IPO paths via pre-IPO trading, or acquisitions as it redefines capital efficiency in the transition[1][5][6]. This momentum underscores Orennia's role as a foundational player in smarter, faster decarbonization.
