Ore Energy
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Investors
Founders
About
Ore Energy is a Dutch multi-day energy storage startup developing grid-scale iron-air batteries designed to store renewable electricity for up to 100 hours 12. The company positions its technology as a low-cost baseload solution to help utilities and energy-intensive industries (including AI data centres) rely on renewable power around the clock 13. Ore Energy was co-founded by CEO Aytac Yilmaz and spun out of TU Delft research on iron-based electrochemistry 23.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-08-04 | Series A | €37.3M (~$43M) | Plural, HV Capital | Positron Ventures 123 |
The Series A brings Ore Energy’s total capital raised to approximately €53M (~$61M) 2. Proceeds will scale the company’s iron-air battery technology to commercial deployment for renewable baseload power 123.
What Investors Say
“Long-duration energy storage is one of the biggest unsolved challenges in the energy transition, and unlocking it will transform how we power industry, scale AI data centres and drive economic growth.” — Ian Hogarth, Partner at Plural 2
What Founders Say
“Expensive energy is the biggest barrier to growth, something European businesses and politicians know only too well. Affordable, renewable baseload power is the foundation for the next generation of manufacturing, AI infrastructure and industrial growth globally.” — Aytac Yilmaz, Co-Founder & CEO 2
Sources
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EU-Startups, “Ore Energy raises €37.3 million to scale iron-air batteries that store renewable power for up to 100 hours,” August 4, 2026. Accessed August 2026. https://www.eu-startups.com/2026/08/ore-energy-raises-e37-3-million-to-scale-iron-air-batteries-that-store-renewable-power-for-up-to-100-hours/↩↩↩↩
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Energy Storage News, “European multi-day energy storage startup Ore Energy raises US$43 million in Series A,” August 4, 2026. Accessed August 2026. https://www.energy-storage.news/european-multi-day-energy-storage-startup-ore-energy-raises-us43-million-in-series-a/↩↩↩↩↩↩↩
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Tech.eu, “Multi-day energy storage startup Ore Energy clinches $43M in new investment round,” August 4, 2026. Accessed August 2026. https://tech.eu/2026/08/04/multi-day-energy-startup-ore-energy-clinches-43m-in-new-investment-round/↩↩↩↩