The money will be used to expand the firm\u2019s presence in existing markets including Ireland, the UK, the United States, Japan and Australia.<\/p>\n
GridBeyond works with companies to design a path to net-zero emissions by optimising energy usage.<\/p>\n
It also owns and manages solar farms, batteries and other clean energy assets.<\/p>\n
Last year, in California, it led the optimisation of a large-scale battery energy storage system. Launched in 2010, the company is led by CEO Michael Phelan and deputy CEO Richard O\u2019Loughlin.<\/p>\n
Samsung Ventures invested in the firm as part of a \u20ac12m equity round alongside existing shareholders including Alantra\u2019s Energy Transition Fund, Klima, Energy Impact Partners, Mirova, ABB, Constellation and Act Venture Capital.<\/p>\n
Long-standing shareholders include Yokogawa, EDP and Enterprise Ireland.<\/p>\n
GridBeyond says its technology enables \u201creal-time orchestration of distributed assets\u201d, including utility-scale renewable generation, battery storage, and energy demand, across multiple market and grid services.<\/p>\n
The company says that it leverages market expertise and understanding of localised fundamentals to drive advanced AI forecasting, optimisation and automated dispatch to deliver services such as energy arbitrage, frequency response, capacity market participation, and distribution network support.<\/p>\n
GridBeyond said that it will work closely with Samsung to explore opportunities across trading, asset optimisation and energy services that will allow both companies to realise their global growth ambitions.<\/p>\n
A spokesperson for Samsung Ventures said GridBeyond has positioned itself as a \u201ckey enabler\u201d of smarter energy systems and greater grid resilience.<\/p>\n
\u201cSamsung\u2019s deep expertise in renewable asset and battery development, EPC, energy technology, and trading experience complements our platform and accelerates our ability to deliver highly reliable, market-ready optimisation and trading solutions at global scale,\u201d said Mr O\u2019Loughlin.<\/p>\n
In 2024, GridBeyond generated revenue of \u20ac46m, compared with \u20ac34.3m in 2023. It made a \u20ac7m operating loss in 2024 as it continued to expand. It made a \u20ac3.4m operating loss in 2023.<\/p>\n
The company has raised tens of millions of euro in equity since it was founded.<\/p>\n
In 2023, it secured just over \u20ac52m in series C funding as it continued its international expansion. Of that money, \u20ac42m was received by the firm during 2024 and a further \u20ac10m in January 2025.<\/p>\n
Part of the funding was used to redeem shares of some existing shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"The money will be used to expand the firm\u2019s presence in existing markets including Ireland, the UK, the…\n","protected":false},"author":2,"featured_media":838295,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3094],"tags":[51,3134,52414,16,15],"class_list":{"0":"post-838294","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-business","9":"tag-entrepreneurship","10":"tag-john-mulligan","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116261286646855723","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/838294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=838294"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/838294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/838295"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=838294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=838294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=838294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}