Corre Energy
Corre Energy is a Euronext Dublin-listed developer of grid-scale underground energy storage — primarily compressed air energy storage and green hydrogen projects — serving utilities, grid operators, and government entities across the Netherlands, Denmark, Germany, and planned North American markets.
- Company typePublic
- Founded2018
- HeadquartersGroningen, Netherlands
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Corre Energy does
Corre Energy is a publicly listed (Euronext Dublin, ticker CORRE) renewable energy storage developer headquartered operationally in Groningen, the Netherlands, and incorporated in Ireland as Corre Energy B.V. Founded in 2018, the company develops, builds, and operates grid-scale underground energy storage projects, including compressed air energy storage (CAES) using subsurface geological formations and green hydrogen production assets, targeting long-duration energy storage that exceeds the capability envelope of lithium-ion batteries.
The company's business model is project development rather than software or component sales: it secures sites, navigates permitting across multiple EU jurisdictions (Netherlands, Denmark, Germany), develops projects to financial investment decision, and ultimately monetizes through long-term offtake agreements, asset sales, or operating the infrastructure as a regulated/contracted asset. Its go-to-market is direct enterprise engagement with energy utilities, grid operators, and government/regulatory bodies. Marketing and distribution are driven by industry conference participation and direct B2B relationships rather than consumer or channel-led motions. Capital is raised via repeated equity placings on Euronext Dublin, with approximately €32.9 million raised across four rounds between May 2022 and August 2024.
Corre Energy is pre-revenue at present and the company invests in growing a pipeline of 11 EU projects plus planned North American developments. Strategic investment discussions are being led by Rothschild & Co (mandate announced 23 May 2024), and the most recent fundraising (May 2024) was a €2.12 million founders-and-long-term-investor placement explicitly intended to support working capital during those discussions. Leadership consists of founder and CEO Keith McGrane alongside director Darre Patrick-Green. The company's competitive positioning rests on first-mover site rights, multi-jurisdiction regulatory experience, and the capital intensity of underground storage, rather than on proprietary software or AI.
Corre Energy firmographics
Firmographics- Name
- Corre Energy
- Legal name
- Corre Energy B.V.
- Website
- https://corre.energy
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Corre Energy is a Euronext Dublin-listed developer of grid-scale underground energy storage — primarily compressed air energy storage and green hydrogen projects — serving utilities, grid operators, and government entities across the Netherlands, Denmark, Germany, and planned North American markets.
- Ownership category
- akta.pro rank
Corre Energy industry classification
Industry- Product category
- Energy Storage Infrastructure
- NAICS
- Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Geologic & Underground Energy Storage (CAES Caverns, Hydrogen Caverns, Reservoir-Based) (EUAFADAF)
- akta.pro secondary industry
- Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)
Keywords
Where Corre Energy is headquartered
LocationHeadquarters
- HQ city
- Groningen
- HQ country
- Netherlands
- HQ region
- Europe
Offices2 records
Markets served
Corre Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Project Development Revenue: Revenue generated from developing and operating large-scale renewable energy storage projects, including underground CAES facilities and green hydrogen production. Projects are likely structured as long-term infrastructure assets with offtake agreements.
- Equity Capital Raises: Company raises capital through share placings and equity issuance to fund project development. This is the primary funding mechanism disclosed, with multiple rounds totaling approximately €32.9 million across 2022-2024.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Corre Energy product offering
Product offeringCore offering
Corre Energy develops, builds and operates grid-scale underground energy storage projects, including compressed air energy storage (CAES) facilities and green hydrogen production assets. The company's projects address renewable energy intermittency and grid instability by leveraging geological formations for long-duration energy storage across the Netherlands, Denmark, and Germany, with planned expansion into North America.
Product overview
Corre Energy is a renewable energy storage developer that focuses on underground energy storage solutions and green hydrogen projects. The company operates projects across the Netherlands, Denmark, and Germany, with potential expansion into North America. No specific named products, modules, or service offerings are detailed in the available source material.
Differentiator
Problem solved
Functional benefit
Products and services
- Underground Energy Storage Project Development Development and operation of grid-scale, long-duration underground energy storage projects using compressed air energy storage (CAES) in geological formations. Sold to energy utilities, grid operators, and large energy consumers under long-term offtake arrangements.
- Green Hydrogen Production Project Development Development of green hydrogen production assets integrated with renewable energy storage infrastructure, supporting decarbonisation of industrial processes and the energy transition for utilities and industrial offtakers.
Quantifiable outcome
- 11 EU projects in development pipeline
Companies that use Corre Energy
Customer profileSegments2 records
Ideal customer profiles2 records
Corre Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Corre Energy partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
Corre Energy competitors and assessment
Company assessmentDirect peers
- Hydrostor: Toronto-based developer of advanced compressed air energy storage (A-CAES) projects. Closest direct competitor to Corre Energy — same core technology (underground compressed air), similar long-duration utility-scale positioning, and overlapping European/Americas markets.
- Energy Vault: NYSE-listed (NRGV) long-duration energy storage developer with multiple LDES technologies including gravity and kinetic storage. Comparable as a publicly listed LDES pure-play targeting utility-scale grid storage customers in the same regulatory and offtake markets.
- Highview Power: UK-based developer of liquid air energy storage (LAES) plants at grid scale. Direct competitor in the European long-duration energy storage market serving the same utility customers, with a parallel late-stage project development profile.
- Form Energy: U.S.-based developer of iron-air battery systems targeting multi-day grid storage. Competes head-to-head for long-duration utility offtake and project development slots, particularly in North America where Corre plans to expand.
Broad incumbents
- Fluence Energy: Listed (FLNC) global leader in battery energy storage systems and related software services. Operates at much larger scale than Corre but competes for the same utility grid-storage capital budgets and renewable integration RFPs.
- Siemens Energy: Major energy technology OEM providing grid-scale storage, gas turbines, and hydrogen electrolyzers. Relevant as a potential strategic partner/acquirer and as a competitor for grid storage EPC contracts; supplies CAES-compatible turbomachinery.
- NGK Insulators: Japan-based manufacturer and supplier of large-scale sodium-sulfur (NAS) batteries for grid storage. Established incumbent in the long-duration utility storage market with a global installed base overlapping Corre's target customer set.
- Ørsted: Global offshore wind leader actively building co-located energy storage and Power-to-X capabilities. Comparable as both a potential strategic partner/buyer and as a competitor for renewable integration and hydrogen project offtake in Corre's European footprint.
Emerging players
- McPhy Energy: France-based electrolyzer manufacturer focused on green hydrogen production. Comparable on Corre Energy's hydrogen vertical; both target European industrial hydrogen offtake from renewable sources.
- ITM Power: UK-listed PEM electrolyzer company developing green hydrogen projects. Comparable to Corre Energy's hydrogen activities and shares a similar small-cap European public-company profile with development-stage revenue.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Corre Energy social profiles
Digital presenceCorre Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Corre Energy leadership team
Management profileNumber of profiles
Profiles2 records
Corre Energy funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Corre Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Corre Energy
What does Corre Energy do?
Corre Energy develops, builds and operates grid-scale underground energy storage projects, including compressed air energy storage (CAES) facilities and green hydrogen production assets. The company's projects address renewable energy intermittency and grid instability by leveraging geological formations for long-duration energy storage across the Netherlands, Denmark, and Germany, with planned expansion into North America.
Is Corre Energy a public or private company?
Corre Energy is a public company. It is classified as public and is currently operating.
When was Corre Energy founded?
Corre Energy was founded in 2018. It employs 11 to 50 people.
Where is Corre Energy based?
Corre Energy is headquartered in Groningen, Netherlands, in the Europe region.
How does Corre Energy make money?
Two revenue lines are on record. Project Development Revenue is the primary driver. The others are equity Capital Raises.
Who are Corre Energy's main competitors?
Direct peers on record are Hydrostor, Energy Vault, Highview Power and Form Energy. Broad incumbents are Fluence Energy, Siemens Energy, NGK Insulators and Ørsted. Emerging players are McPhy Energy and ITM Power.
Does Corre Energy have an API?
No public API is recorded for Corre Energy.
What industry is Corre Energy in?
Corre Energy's product category is Energy Storage Infrastructure. Its primary akta.pro industry code is EUAFADAF, Geologic & Underground Energy Storage (CAES Caverns, Hydrogen Caverns, Reservoir-Based), with a secondary code of IMAFAHAE, Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls). Its NAICS code is 22111 and its SIC code is 4991.