Corre Energy

Groningen, Netherlands Founded: 2018 • Age: 8 yrs
Provider of energy storage services to oil and gas industry

About Corre Energy

Corre Energy is a company based in Groningen (Netherlands) founded in 2018. Corre Energy has raised $35.98 million across 3 funding rounds from investors including European Union and FIEE SGR. Corre Energy operates in a competitive market with competitors including Hydrogenious LOHC Technologies, Hydrexia, H2Go Power, HDF Energy and Noble Gas Systems, among others.

  • Headquarter Groningen, Netherlands
  • Sectors
    Energy & Utilities
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website corre.energy
  • Social LinkedIn X Instagram
  • Legal Name Corre Energy Aps
Key Metrics
  • Net Profit
    -$1.39 M (USD)
    0
    as on Dec 31, 2022
  • Total Equity Funding
    $35.98M (USD)

    in 3 rounds

  • Latest Funding Round
    $11.62M (USD), Series B

    May 2022

  • Investors

Funding Insights of Corre Energy

Corre Energy has successfully raised a total of $35.98M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $11.62 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $35.98M
  • Total Rounds 3
  • Last Round Series B β€” $11.62M
  • First Round $5.01M

    (Jul 2019)

  • Investors Count 2

All 3 funding rounds of Corre Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
May 2022$11.62MSeries B––
–
Jun 2021$24.36MSeries B–FIEE SGR
–
Jul 2019$5.01MGrant––
Valuation history

2 investors in total: 2 institutional.

Investors in Corre Energy

Corre Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and FIEE SGR.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Manages private equity funds for energy efficiency and renewable investments in Europe.
2014fieesgr.comRome, Italy
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
1958europa.euBrussels, Belgium
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Investor details for Corre Energy

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People of Corre Energy

8 people are tracked at Corre Energy (6 in leadership, 1 in board & advisors, 1 in team).

NameRoleGroup
Keith Mcgrane
CEOLeadership
John OConnor
Head Of Corporate FinanceLeadership
Martha Marriner
Head of Regulatory and Public AffairsLeadership
Klemens Martin Kaar
Project Development DirectorLeadership
Darren Patrick Green
PresidentLeadership
Patrick J. McClughan
Interim CEOLeadership
Rune Eng
DirectorBoard & advisors
Elaine Pentony
Corporate Travel ManagerTeam
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Complete people profiles for Corre Energy

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Timeline of Corre Energy

3 dated milestones of Corre Energy across 4 years, from founding to its latest funding, stage changes and deals.

  1. Founded Corre Energy is founded.
  2. Funding First funding round of $5.0M.
  3. Funding Latest funding round, Series B, of $11.6M.

Competitors of Corre Energy

Corre Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hydrogenious LOHC Technologies, Hydrexia, H2Go Power, HDF Energy and Noble Gas Systems, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
hydrogenious.net2013Erlangen, Germany$102.07M144
Large-scale hydrogen storage solutions are provided via LOHC technology.
hydrexia.com2006Brisbane, Australia$17.07M–
Novel hydride materials are used for solid-state hydrogen storage solutions.
h2gopower.com2014Cambridge, United Kingdom$8.64M22
Specializes in hydrogen generation and storage solutions for fuel cell applications.
hdf-energy.com2012Lormont, France$792,407–
Hydrogen-based energy storage systems are developed for grid applications.
noblegassystems.com2017Royal Oak, United States$7.7M4
Manufacturer of gas storage and delivery systems
grz-technologies.com2017Grolley, Switzerland$29,426–
Hydrogen storage solutions are developed for renewable energy applications.
rag-austria.at1935Vienna, Austria––
Power transmission-based energy projects are developed by RAG Austria.
h2gremm.com2019Brittany, France$7.66M–
Modular hydrogen storage solutions for energy autonomy are provided.
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Detailed competitors of Corre Energy

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Web traffic of Corre Energy

The website of Corre Energy (corre.energy) receives about 1.9K visits a month.

  • Monthly visits
    1.9K

    ▲ 24.5% vs previous month

Latest news on Corre Energy

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Similar companies to Corre Energy

10 companies that operate in the same segment as Corre Energy (Energy Storage Systems), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Silicon-based solar PV modules are manufactured for diverse applications.
1985San Jose, California, United StatesUSD 171.73 MUSD 300 M600
EV charging station network is operated for vehicle users.
2017Munchen, Bayern, GermanyUSD 791 M––
Platform offering smart electric vehicle charging solutions
2018London, England, United KingdomUSD 63.18 M––
Iron-air energy storage systems are developed for renewable energy projects.
2009Somerville, Massachusetts, United StatesUSD 1.88 B––
Provider of electric vehicle charging solutions
2009London, England, United KingdomUSD 58.39 M––
Monta is recognized as a provider of EV charging software solutions.
2020Copenhagen, DenmarkUSD 134.51 M––
Provider of EV battery-swapping network
2019Gurugram, Haryana, IndiaUSD 187.76 MUSD 22.56 M482
Portable electric vehicle charging solutions are developed and provided.
2014Boston, Massachusetts, United StatesUSD 104.86 M–50
Provider of solar integrated power storage system
2010Wildpoldsried, Bavaria, GermanyUSD 168.42 MUSD 132.91 M–
Lithium-ion batteries for electric vehicles are manufactured across categories.
2006Gurugram, Haryana, India–USD 34.18 M177
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Frequently Asked Questions about Corre Energy

Corre Energy was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Corre Energy is headquartered in Groningen, Netherlands. It is registered at Groningen, Groningen, Netherlands.

Keith Mcgrane is the current CEO of Corre Energy.

Corre Energy is a funded company, having raised a total of $35.98M across 3 funding rounds to date. The company's 1st funding round was a Grant of $5.01M, raised on Jul 2019.

Corre Energy was founded in 2018 and is based in Groningen, Netherlands. Energy storage solutions are offered by the company to support operations in the oil and gas sector. Services focus on storage needs for this industry, with activities centered in the European energy market. The firm is led by CEO Keith McGrane, and its online presence is maintained through the domain corre.energy.

Corre Energy's top competitors include Hydrogenious LOHC Technologies, Noble Gas Systems and Hydrexia.

Corre Energy has 2 investors. Key investors include European Union, and FIEE SGR.

Corre Energy operates through Corre Energy Aps.

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