Orenda
Orenda is a Brooklyn-based developer and operator of utility-scale battery energy storage assets focused on Downstate New York, serving landowners via long-term leases and utilities via BESS capacity offtake.
- Company typePrivate
- Founded2020
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Orenda does
Orenda is a Brooklyn-based renewable energy technology company that develops and operates utility-scale battery energy storage systems (BESS), exclusively focused on Downstate New York. The company reports 34% of the New York City energy storage market share, a 920 MW portfolio, and a 2.7 GWh development pipeline, with $2B of investment committed toward making the NYC grid more resilient. Its service stack spans the full project lifecycle: origination (landowner partnerships and site control), project development (site diligence, permitting, interconnection), engineering, procurement and construction (EPC) management, capital markets, and commercial operations including in-house asset management and O&M. An internal Energy Optimization Platform supports battery dispatch and grid optimization across the portfolio.
Orenda makes money primarily through long-duration land lease partnerships with 50+ landowner partners (recurring triple-net lease revenue during development and operation) and through B2B offtake arrangements with utilities and grid operators for energy storage capacity in Downstate New York. Its go-to-market is sales-led and direct, leveraging a 'Partner With Us' Typeform funnel, dedicated recruiting outreach, and LinkedIn presence to engage landowners, offtakers, and regulators. Capital deployment is anchored by a $35M strategic joint venture with North Sky for capital markets activities, alongside exempt securities offerings filed via SEC Form D.
The company is led by a team drawn from major private equity (Marlin Equity Partners), trading (Susquehanna International Group), battery manufacturing (Saft), and energy storage development (iESS, Integrated Storage Technologies). Operating status is active, with headcount in the 11-50 range and continued hiring across sustainability, software engineering, data science, and project development functions at the NYC office.
Orenda firmographics
Firmographics- Name
- Orenda
- Legal name
- Orenda, Inc.
- Website
- https://orendapower.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Orenda is a Brooklyn-based developer and operator of utility-scale battery energy storage assets focused on Downstate New York, serving landowners via long-term leases and utilities via BESS capacity offtake.
- Ownership category
- akta.pro rank
Orenda industry classification
Industry- Product category
- Utility-Scale Energy Storage
- NAICS
- Battery Manufacturing (33591), Electric Power Generation (22111)
- akta.pro primary industry
- Energy Storage Asset Management (BESS/PCS/EMS) (EUAEAMAE)
Keywords
Where Orenda is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Orenda business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Energy Storage Development and Asset Management: Orenda develops standalone energy storage projects in Downstate New York, providing services across origination, project development, EPC management, capital markets, and commercial operations including in-house asset management and O&M using battery storage systems.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Orenda product offering
Product offeringCore offering
Orenda develops and operates utility-scale standalone battery energy storage assets in Downstate New York, providing an integrated stack of services across origination, project development, EPC management, capital markets, and commercial operations (in-house asset management and O&M). The company partners with landowners for land leases and engages utilities and grid operators as offtakers, currently holding 34% NYC market share with a 920 MW portfolio and a 2.7 GWh development pipeline.
Product overview
Orenda is an energy storage platform company focused on Downstate New York, offering standalone energy storage development alongside integrated services including Project Development (site diligence, project management, permitting, and interconnection), Engineering, Procurement, and Construction Management (EPC), Capital Markets support (backed by $35M North Sky joint venture), and Commercial Operations (in-house asset management and O&M). The company operates a 920 MW portfolio representing 34% of the NYC market share with a 2.7 GWh development pipeline.
Differentiator
Problem solved
Functional benefit
Products and services
- Standalone Energy Storage Development
- Project Development Services
- Engineering, Procurement, and Construction (EPC) Management
- Capital Markets Services
- Commercial Operations — Asset Management and O&M
Quantifiable outcome
- 34% NYC market share
- +2 more outcomes
Companies that use Orenda
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Orenda technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Orenda partnerships and signals
Strategic signalScale indicators7 records
Recent moves6 records
Expansion highlights5 records
Orenda competitors and assessment
Company assessmentDirect peers
- NineDot Energy: NineDot is a NYC-area focused battery energy storage developer and operator, the closest direct competitor to Orenda. Both target the same Downstate New York market, landowner partnerships, and grid resilience use case.
- Convergent Energy + Power: Convergent is a standalone BESS developer and operator across North America with a meaningful presence in the Northeast. It overlaps directly with Orenda on project development, ownership, and operation of utility-scale storage assets.
- Plus Power: Plus Power is a leading independent developer of utility-scale standalone battery energy storage projects in the U.S. It competes with Orenda for the same interconnection queues, offtakers, and capital partners.
- Fluence: Fluence is a global BESS technology and integration provider (AES/Siemens heritage) that also develops and owns storage assets. It competes with Orenda on both the development/asset-ownership and the technology stack.
- Stem Inc: Stem is a public AI-driven energy storage and asset management company. It overlaps with Orenda's optimization platform ambitions and competes in the same optimization and asset management layer of the BESS value chain.
- Key Capture Energy: Key Capture Energy is a U.S. utility-scale BESS developer and operator with projects in the Northeast and Texas. It is directly comparable to Orenda as an independent, developer-led storage platform.
- Broad Reach Power: Broad Reach Power is a developer, owner, and operator of utility-scale battery storage across the U.S., with a footprint that has historically included Northeast markets. It is a direct comparable on independent BESS development and asset management.
Emerging players
- Form Energy: Form Energy develops long-duration iron-air battery storage systems and project pipelines in the U.S. It is comparable to Orenda in addressing grid reliability and storage in regulated U.S. markets, though with a different duration profile.
Broad incumbents
- Tesla Energy: Tesla Energy (Megapack) is a broad incumbent supplying BESS hardware, software, and increasingly project development globally. It competes with Orenda's stack on hardware supply, optimization software, and direct-to-utility offerings.
- EDF Renewables: EDF Renewables is a large, diversified renewable and storage developer and operator active in the Northeast U.S. It overlaps with Orenda on storage project development and offtake relationships with NY utilities and ISO-NY.
Market position
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Orenda social profiles
Digital presenceOrenda financial estimates
Financial estimateRevenue estimate
Valuation estimate
Orenda leadership team
Management profileNumber of profiles
Profiles6 records
Orenda funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Orenda M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Orenda
What does Orenda do?
Orenda develops and operates utility-scale standalone battery energy storage assets in Downstate New York, providing an integrated stack of services across origination, project development, EPC management, capital markets, and commercial operations (in-house asset management and O&M). The company partners with landowners for land leases and engages utilities and grid operators as offtakers, currently holding 34% NYC market share with a 920 MW portfolio and a 2.7 GWh development pipeline.
Is Orenda a public or private company?
Orenda is a private company. It is classified as venture growth investor backed and is currently operating.
When was Orenda founded?
Orenda was founded in 2020. It employs 11 to 50 people.
Where is Orenda based?
Orenda is headquartered in New York, United States, in the North America region.
How does Orenda make money?
One revenue line is on record: energy Storage Development and Asset Management.
Who are Orenda's main competitors?
Direct peers on record are NineDot Energy, Convergent Energy + Power, Plus Power, Fluence, Stem Inc, Key Capture Energy and Broad Reach Power. Form Energy is listed as an emerging player. Broad incumbents are Tesla Energy and EDF Renewables.
Does Orenda have an API?
No public API is recorded for Orenda.
What industry is Orenda in?
Orenda's product category is Utility-Scale Energy Storage. Its primary akta.pro industry code is EUAEAMAE, Energy Storage Asset Management (BESS/PCS/EMS). Its NAICS code is 33591.