Origami has sold its legacy Distribution Systems Operator (DSO) consulting business to Baringa as it continues to strategically focus in on its core technology platform offering.
The divestment is the latest in a series of moves by the company to become a leading independent technology business, said Origami, with its data platform offering Software-as-a-Service (SaaS) applications for asset owners, energy services companies and route-to-market providers.
“We’ve made huge progress in the year since closing our Series C fundraise, led by Barclays, which really encouraged us to double down on our strategic focus of core technology development,” said Peter Bance, CEO of Origami.
“We have strengthened our team with some really talented people, and we’ve secured some exciting customer contracts that are totally aligned with our strategy. Today’s announcement marks the next logical step in the journey.”
It follows Origami signing a 20-year Software-as-a-Service partnership with business energy generation and storage company Ylem Energy in May and partnering with Gresham House Energy Storage Fund and Habitat Energy for the operation of 50MW of battery energy storage systems in April 2022.
Origami’s strategic account and innovation director David Middleton recently spoke as part of a webinar on the growth of flexibility in the energy system for the Energy Networks Association, hosted by Current±. You can watch the session in full, here.