US EditionGridBeyond Raises €12 Million To Expand Virtual Power Plant Technology For AI Era Electricity Demand
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6 Articles
Samsung Ventures Fuels GridBeyond's $13.8M Expansion
Samsung Ventures, the corporate venture capital branch of Samsung Electronics (KRX:005930), has joined the shareholder base of GridBeyond as part of a 12 million euro equity investment, backing the company’s expansion in intelligent energy management and distributed power systems.The investment will support GridBeyond’s growth across key markets, including the UK, Ireland, the US, Japan and Australia, while accelerating development of its platfo…
The rapidly increasing demand for AI electricity is increasingly becoming a key factor in the economic dynamics of the US. The trigger is the massive expansion of data centers and AI infrastructure, which raises electricity consumption to a new level. Big Tech in particular is driving this development with billions of investments, while at the same time increasing electricity costs significantly. This increases the risk that [...] The post Incre…
GridBeyond Raises €12 Million To Expand Virtual Power Plant Technology For AI Era Electricity Demand
GridBeyond has raised €12 million ($13.8 million) in a new equity funding round to expand its virtual power plant technology designed to balance electricity supply and demand on modern power grids. The Dublin-based company develops software and hardware systems that connect renewable energy sources, batteries, and industrial power users so they can operate collectively as flexible energy resources. The funding round was led by Samsung Ventures, …
Samsung invests in GridBeyond in $19.5 equity drive
Samsung Ventures has invested in energy optimisation firm GridBeyond as part of a $19.5 million equity round alongside existing shareholders. GridBeyond and Samsung will work together to explore opportunities across trading, asset optimisation and energy services that will allow both companies to realise their growth ambitions globally. Related article: GridBeyond increases battery storage revenues with Bid Optimiser The funding will accelerate …
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