TLDR:
Paris-based Orus Energy has secured €2.2 million in funding to transform the way buildings interact with electricity markets. The company’s demand-side flexibility platform enables commercial building operators to shift energy consumption during peak periods, ultimately helping to decarbonize the power grid.
Summary:
The energy flexibility platform, Orus Energy, has raised €2.2 million in a pre-seed round to support its mission of decarbonizing the power grid. The company’s unique approach involves using buildings as thermal batteries to unlock significant power demand in France by 2030. Demand-side flexibility has become crucial in balancing the challenges of integrating renewable energies and increasing electrification, with commercial buildings offering the greatest potential for scalable flexible power. Orus Energy’s software allows for dynamic adjustments in energy consumption, shifting usage to cheaper and greener times, benefiting both building owners and the grid. Since its launch in 2023, Orus Energy has gained traction among commercial and office building owners and facility managers, with partnerships established with prominent clients such as IKEA and La Poste Immobilier.
With a focus on developing new features and expanding its customer base, Orus Energy plans to grow its team to 20 people by the end of 2025. The funding round was led by European venture capital firm b2venture and French impact funds Asterion Ventures and Ring Capital, along with contributions from industry angel investors, indicating a strong support for Orus Energy’s innovative approach to revolutionizing the interaction between buildings and electricity markets.
