Orennia Raises US$25 Million in Series B Financing to Expand Cutting-Edge Energy Transition Analytics Platform
Summary
CALGARY, Alberta, July 11, 2023 (GLOBE NEWSWIRE) -- Orennia Inc. today announced the completion of its Series B financing, raising US$25 million to accelerate the growth of its best-in-class data and analytics platform. Without accurate data and predictive analytics, developers and investors will struggle to deploy capital efficiently and maximize returns, said Brook Papau, Orennias co-founder and CEO. Orennias clients rely on differentiated data and advanced analytics across the solar, wind, storage, power, RNG, CCUS, clean fuels and hydrogen sectors to out-compete their peers, win the energy transition and mitigate the effects of climate change.Our company has grown substantially since launch. Independent and employee-owned, Veriten is dedicated to finding and analyzing real, market-based solutions for all stakeholders across traditional and emerging energy markets by providing diverse perspectives, technical expertise and a robust analytical approach. Orennias insights, curated by highly experienced industry experts, help investors across the energy transition accelerate their time-to-value and make confident investment decisions.For further information, please contact:A video accompanying this release is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/0b168958-2f12-45ee-87ed-a42a1621491d