Orus Energy, a pioneering energy flexibility platform, has successfully raised €2.2 million in a pre-seed funding round aimed at driving the decarbonization of the power grid. The round, led by reputable investors b2venture, Asterion Ventures, and Ring Capital, signifies a significant milestone for the French-based company.
The CEO and co-founder of Orus Energy, Alexandre Girard, emphasized the uniqueness of their approach. Rather than relying solely on traditional energy storage solutions, Orus Energy seeks to leverage buildings as large-scale thermal batteries. By harnessing this untapped potential, the company believes it can potentially unlock an astounding 6 gigawatts of power demand in France by the year 2030.
This innovative concept offers a fresh perspective on the future of sustainable energy management, highlighting the significance of maximizing existing infrastructure’s potential. By seamlessly integrating energy storage capabilities into buildings, Orus Energy aims to mitigate the intermittency challenges posed by renewable energy sources. This will not only contribute to the transition to greener power grids but also provide a cost-effective and efficient solution for meeting growing energy demands.
The successful funding round serves as a testament to the confidence investors have in Orus Energy’s unique approach to energy flexibility. With this injection of capital, the company is well-positioned to further develop and refine their innovative platform, propelling the world closer towards a sustainable and decarbonized future.