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18 March, 2022 - 21:27 By Tony Quested

Barclays chief praises Origami technology during Cambridge visit

Barclays Group chief executive C. S. Venkatakrishnan visited investee company Origami at Cambridge Science Park in Milton and has praised the technology at the core of the business. 

Origami is at the cutting-edge of the energy technology space and last June, Barclays Plc, invested in the business’s growth, as part of the bank’s Sustainable Impact Capital Initiative. 

C. S. Venkatakrishnan was impressed. He said after his visit to the company’s HQ: “Origami is made in Cambridge and is at the cutting-edge of the data digitalisation needed to transition to a low-carbon economy.

“It was great for me to see how our equity investment in Origami is supporting the low-carbon emission technologies of tomorrow.”

Origami announced only last June that it had raised £20.5 million of new funding to help drive its next phase of growth. 

Barclays PLC led the round and follow-on investment was provided by Origami’s existing shareholders, including Octopus Ventures, Aggreko, and Cambridge Innovation Capital.

Origami is on a mission to build a green energy world, powered by smart technology. As ambitious climate targets drive a transition to renewables, energy systems are becoming more distributed, complex, and volatile. 

Origami's trading and automation software provides power traders with real-time data and machine-learning decision support tools to reduce risk, improve visibility and capture valuable opportunities within new and rapidly evolving energy markets.

• PHOTOGRAPH: From left – C. S. Venkatakrishnan (Barclays Group Chief Executive); Steve Poulter (Head of Principal Structuring & Investments at Barclays) and Peter Bance (chief executive of Origami). Image courtesy of Lee Allison Photography.

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