Startup · Netherlands
Ore Energy
HQ Amsterdam, NetherlandsFounded 202311-50 employeesUpdated
Ore Energy - New generation long-duration energy storage solution that will enable a decarbonized energy future by utilizing some of the most readily available materials.
Funding4 rounds · ~$43.4M
- Equity raised
- ~$43.4M
- Debt, secondaries & grants
- Undisclosed
- Latest
- $43.0MSeries A · Aug 4, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Series A | $43.0M | — | HV Capital | — | Reported |
| Jul 15, 2024 | Grant | Undisclosed | — | — | — | Reported |
| Jul 15, 2024 | Seed | Undisclosed | — | — | — | Reported |
| Dec 5, 2023 | Seed | ~$382K | — | — | — | Reported |
- Series ALed by HV Capital$43.0MAug 4, 2026
- GrantUndisclosedJul 15, 2024
- SeedUndisclosedJul 15, 2024
- Seed~$382KDec 5, 2023
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Systems1
- Ore BatteryAn iron-air battery system under development for long-duration energy storage.
Newest unveiled first. Systems that belong to a government program link to the program page, where variants, costs and contracts are.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Power, grids and energy storage | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Long-duration energy storage solution for a decarbonized energy future; no defense use is stated. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Long-duration energy storage solution for a decarbonized energy future; no defense use is stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People1
| Person | Role |
|---|---|
| Aytac Yilmaz | Co-founder and CEO |
Sources4
Profile1
- 1
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "Netherlands", "hq_iso2": "NL", "id": "426243d7-b12e-46a0-9995-e155bb7cf432"}”
Systems1
- 2
Ore Energy · Supports Organization · description, Organization · name, Organization · website, System
“Ore Energy - New generation long-duration energy storage solution that will enable a decarbonized energy future by utilizing some of the most readily available materials.”
Funding1
- 3CompanyOre Energy | LinkedIn
LinkedIn · Supports Funding round, Organization · employee range, Organization · founded year, Organization · hq city, Organization · hq region, Organization · ownership
“funding round: Series A, 2026-08-04, USD 43,000,000, lead: HV Capital;Plural Platform;RIKX Capital”
People1
- 4
esgnews.com · Supports Role
“Aytac Yilmaz, Co-founder and CEO of Ore Energy, said: “Expensive energy is the biggest barrier to growth, something European businesses and politicians know only too well.”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.