About Orenda
Orenda Power specializes in clean energy solutions, focusing on advanced battery storage systems that cater to both residential and commercial clients. Their products work by storing energy for later use, which helps stabilize energy grids and ensures a reliable power supply. This is particularly important in the renewable energy sector, where energy production can be variable. What sets Orenda apart from its competitors is its ability to develop technology locally while deploying it globally, supported by a team of experienced engineers and developers. The company's goal is to provide dependable energy storage solutions that enhance the efficiency and reliability of energy systems worldwide.
New York City, New YorkHeadquarters
N/AYear Founded
$1.4MTotal Funding
ANGELCompany Stage
Consulting, EnergyIndustries
1-10Employees
Risks
Emerging Asian companies offer similar technologies at lower prices.
Rapid technological advancements could render Orenda's technology obsolete.
Supply chain vulnerabilities in lithium could affect Orenda's production.
Differentiation
Orenda specializes in innovative battery storage systems for diverse clients.
The company operates in 11 locations worldwide, ensuring global deployment.
Founded by former energy executives, Orenda has extensive experience in renewable projects.
Upsides
Increased demand for residential energy storage due to rising electricity costs.
Advancements in solid-state battery technology enhance energy density and safety.
EU subsidies for battery storage projects open new markets for Orenda.
Funding
Total raised$1.43 M
Latest valuation$7.35 M
StageANGEL
ANGEL
10/31/2022$1
$7.35 M