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To revolutionise the energy sector through the use of technologies and business models that advance the transition to the next-generation electricity industry.
Amidst rising concern over CO2 emissions, more and more organizations are looking to transform their energy consumption. Step up GridBeyond, a company supplying AI-enabled solutions to support the optimisation of energy generation, demand and storage for its customers.
The company's ultimate vision is to build a shared energy economy that is both resilient and sustainable, while reducing costs for energy consumers. To do this, it connects distributed energy resources to electricity markets, enabling next-gen energy storage and renewable resources to be used to balance the grid.
This approach makes the grid more flexible, while also supporting its transition to Net Zero. Customers benefit from this flexibility as it reduces price volatility and presents new options for cost savings. It is no surprise then that GridBeyond has already seen success and raised substantial funding to support its international expansion efforts.
Freddie
Company Specialist at Welcome to the Jungle
Nov 2024
$11.8m
GROWTH EQUITY VC
Apr 2024
$54.8m
SERIES C
Michael Phelan
(CEO)Co-founded and was CEO at Endeco Technologies and Wirelite Sensors. Prior to this, was VP of Sales and Marketing at Duolog Technologies.
Padraig Curran
(CTO)Tyndall National Institute Research Masters Graduate with 8 years’ experience developing smart grid energy optimisation solutions.