GridBeyond, a Dublin, Ireland-based intelligent energy and smart grid platform provider for distributed energy resource management, has closed a €52 million Series C financing round. 

Investors

The round was led by Alantra’s Energy Transition Fund, Klima, with participation from new investors Energy Impact Partners, Mirova, ABB, Constellation, and Yokogawa Electric Corporation, as well as investment from existing investor Act Venture Capital. 

Alantra’s energy transition fund, Klima, is a €210 million late-stage venture fund supporting energy-tech companies in their early growth phase. Klima partners with companies located in Europe and North America that have high growth potential in sectors such as smart power grids and markets, energy storage, and technologies. 

GridBeyond Use of Funds

The company will use the funding to support its international expansion, significantly expand its existing US presence, and continue its investment in R&D to facilitate the delivery of a global zero-carbon future. 

About GridBeyond

Led by Michael Phelan and Richard O’Loughlin, GridBeyond is a smart energy company that provides an intelligent energy and smart grid platform. The company offers services leveraged by AI and provides storage to deliver a zero-carbon future by bridging the gap between distributed energy resources and electricity markets, enabling customers to utilize utility-scale renewables generation, battery storage, or industrial load to maximize opportunities and enhance the grid. Since its foundation in 2010, GridBeyond has been developing its AI platform to help businesses unlock the full potential of energy assets. 

Funding Details

Company: GridBeyond Ltd. 

Raised: €52.0M 

Round: Series C 

Funding Month: April 2024 

Lead Investors: Klima 

Additional Investors: Energy Impact Partners, Mirova, ABB, Constellation, Yokogawa Electric Corporation, Act Venture Capital 

Company Website: https://gridbeyond.com/  

Software Category: Intelligent Energy and Smart Grid 

Source: https://www.businesswire.com/news/home/20240415760197/en/