Through the partnership, GridBeyond will work closely with Samsung to explore opportunities across trading, asset optimisation and energy services.
Samsung Ventures has invested in Dublin-based smart energy solutions company GridBeyond as part of a €12m equity round.
The investment arm of global electronics giant Samsung joined existing GridBeyond shareholders including Alantra’s Energy Transition Fund, Klima, Energy Impact Partners, Mirova, ABB, Constellation Technology Ventures and Act Venture Capital.
GridBeyond will use the funding to accelerate expansion across key strategic markets including the UK, Ireland, the US, Japan and Australia, while enabling continued investment in the evolution of the company’s optimisation platform for distributed energy assets.
According to the announcement of the partnership released yesterday (17 March), GridBeyond 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”.
