Company Profile
Ore Energy is a startup company spun out of TU Delft, Netherlands, specializing in the development of long-duration, cost-effective energy storage solutions aimed at optimizing the use of renewable energy sources. Founded in 2022 by Aytac Yilmaz and Yaiza Gonzalez Garcia, the company is based in Amsterdam and Delft.
Technology
Ore Energy focuses on building innovative energy storage systems that utilize a unique moderate cycling battery technology, which employs abundant materials such as iron, water, and air. This technology allows for storing energy in a reliable manner for days instead of hours, making it essential for enhancing the reliability of renewable energy systems and facilitating decarbonization efforts in the energy sector.
Funding
In May 2024, Ore Energy emerged from stealth mode, securing €10 million in seed funding from notable investors including Positron Ventures. This funding is intended to accelerate the development of grid-scale batteries that are cheaper and longer-lasting, addressing the growing demand for reliable energy storage solutions associated with renewable energy integration.
Address
Van Slingelandtplein 19, 1051 DD Amsterdam, Netherlands, with additional facilities in Delft.