Ore Energy raised €10 million in seed funding to build utility-scale batteries

May 22, 2024•over 1 year ago

Amount Raised

€10 Million

Round Type

seed

AmsterdamRenewable EnergyEnergy

Investors

Positron Ventures

Description

Ore Energy emerged from stealth with €10 million in seed funding from Positron Ventures and other investors to make grid-scale batteries cheaper and longer lasting. The funding will also help the company build a megawatt-scale factory and work towards the goal of deeply decarbonizing the grid in the 2030s.

Company Information

Company

Ore Energy

Location

Amsterdam, North Holland, Netherlands

About

Ore Energy is a spin-out company from TU Delft, developing a new generation, low-cost, multi-day energy storage system. Officially launched in 2022, our aim is to develop a battery technology and a long‑duration storage product that will enhance the integration of renewable energy and enable a 100% decarbonized electricity grid at all times. We are seeking experienced battery engineers, research scientists, technicians, and lab professionals who are excited to shape the foundational technologies of tomorrow’s electricity grid. We have supportive investors and a clear runway to design, test, innovate, and create. We truly believe that the best way to develop technology is to assemble and support a team of dedicated professionals who are passionate about the scientific process of discovery and who enjoy working on challenging problems every day. This is an exciting time at our company, and we are looking for new hires who can direct that feeling towards every aspect of product development!

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Funding Insights

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