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Orennia Secures $25 Million in Series B Funding to Fuel Innovation in Energy Transition Analytics

Orennia Secures $25 Million in Series B Funding to Fuel Innovation in Energy Transition Analytics

July 13, 2023

Calgary, Alberta, Canada - Orennia, a leading technology company specializing in data, analytics, and insights for capital allocation decisions in the energy transition sector, announced today the successful completion of its Series B funding round, raising an impressive $25,000,000. The funding round was led by prominent investors Wellington Management, Veriten, NGP, and Tupper Lake Partners.

Orennia's founder, Brook Papau, expressed excitement and gratitude for the overwhelming support received from investors. "We are thrilled to have such esteemed partners join us on this journey towards a sustainable energy future. The funding will enable us to accelerate our mission of revolutionizing capital allocation decisions in energy transition spaces," Papau stated.

Building upon its exceptional success in Series A funding, Orennia has positioned itself as a driving force in the technology, information, and media industry with a specific focus on the energy transition sector. Orennia's all-in-one data, analytics, and insights platform provides a comprehensive solution for efficient, fast, and accurate capital allocation decisions. The company's cutting-edge platform covers vital components of the new energy economy, including renewables, power markets, carbon capture and sequestration, renewable natural gas, and hydrogen.

With a team of highly skilled subject matter experts boasting decades of hands-on experience in these assets, Orennia delivers trusted and actionable commercial analytics. By harnessing their expertise and leveraging advanced data analysis techniques, Orennia equips investors with the accurate data and valuable insights necessary to identify the most promising energy transition opportunities.

"Our mission at Orennia is to empower investors in making informed decisions in the rapidly evolving energy transition sector. We believe that by providing accurate data, sophisticated analytics, and actionable insights, we can drive positive change and accelerate the transition to a sustainable energy future," said Papau.

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