Samsung Ventures has invested in GridBeyond as part of a €12 million ($20 million) equity round alongside existing shareholders such as Alantra’s Energy Transition Fund, Klima, Energy Impact Partners, Mirova and ABB.
GridBeyond, a global leader in intelligent energy technology and optimisation of distributed energy assets, will work closely with Samsung to explore opportunities across trading, asset optimisation and energy services that will allow both companies to realise their growth ambitions globally.
The funding will accelerate the expansion across GridBeyond’s key strategic markets including the UK, Ireland, the United States, Japan, and Australia, while enabling continued investment in the evolution of the company’s optimisation platform for distributed energy assets.
GridBeyond’s technology enables real-time orchestration of distributed assets, including utility-scale renewable generation, battery storage, and energy demand, across multiple market and grid services. It leverages deep 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, while respecting asset-level constraints and degradation models.
“GridBeyond has demonstrated exceptional technical expertise and global traction in a rapidly evolving energy landscape”, said a spokesperson for Samsung Ventures.
“Their ability to deliver real-time demand response, optimise renewable and battery assets, and enable intelligent energy trading across markets such as the United States, Australia, and Japan positions them as a key enabler of smarter energy systems and greater grid resilience. We are pleased to invest in a company developing technologies that accelerate decarbonisation and support a more sustainable and digitised world.”
GridBeyond deputy chief executive officer Richard O’Loughlin echoed this sentiment.
“We are delighted to welcome Samsung as both a shareholder and collaboration partner,” he said. “It is recognition that GridBeyond has developed a world leading integrated optimisation platform.
“Samsung’s 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.”
GridBeyond chief executive officer Michael Phelan detailed how Samsung’s investment would benefit the renewable energy sector.
“This partnership will deliver world-leading products for renewable and battery developers, enabling greater asset value, improved grid stability, and faster progress toward a decarbonised energy system”, he said.
Other existing shareholders involved in the equity round include Constellation Technology Ventures and Act Venture Capital, who, alongside longstanding existing shareholders, Yokogawa, EDP and Enterprise Ireland, will play a key role in GridBeyond’s growth.
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