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Orennia

BlackRock’s Decarbonization Partners Fuels Orennia’s Growth

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Calgary’s Orennia has closed its Series C funding round, led by Decarbonization Partners, a joint venture of BlackRock and Temasek. The company’s Ion_AI platform uses cutting-edge AI to deliver actionable insights across power, renewables, and carbon capture.

CEO Brook Papau highlighted the platform’s industry impact, with 95% of clients reporting accelerated workflows. Dr. Meghan Sharp of Decarbonization Partners called Orennia’s tools “critical for enabling decarbonization.”

The funding will expand Ion_AI’s capabilities, empowering global energy transition sectors like hydrogen and data centers. Orennia continues driving innovation to meet the climate challenge.

Want to know more? Check out the source code on Calgary.tech.

Cleantech Sector Thrives as CarbonCure and Orennia Secure Significant Investments

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Halifax-based CarbonCure has closed an $80 million USD investment round, with Swiss firm Blue Earth Capital as the lead investor. CarbonCure’s technology stores captured carbon emissions in concrete.

Investors such as Amazon’s Climate Pledge Fund and Microsoft’s Climate Innovation Fund participated. Concrete producers, architects, and engineers are among the partners CarbonCure plans to collaborate with.

Calgary analytics startup Orennia raised $25 million USD in a Series B round, attracting investors like Wellington Management and Quantum Energy Partners.

Orennia provides commercial analytics for businesses in their energy transition journey, expanding its market presence in the US battery-storage sector.

Want to know more? Check out the source code on BetaKit.