GridBeyond, a company dedicated to future-proofing energy systems of tomorrow, and nominee of the Elevation Award, in partnership with Enterprise Ireland, has experienced a 70% growth rate in the last 3 years.

The Business & Finance Awards, in association with KPMG, take place on the 8th of December. The award ceremony holds an important date for Irish and international business and political leaders as we recognise those paving the way for business excellence on the island of Ireland and beyond. 

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GridBeyond was founded in 2010 by Michael Phelan and Padraig Curran to offer scalable and real-time solutions to manage the energy systems of tomorrow.

Growth

The company has experienced a 70% growth rate in the last 3 years and is set for the same growth rate in 2023.The past year has seen great successes for the company, which has successfully opened to the CAISO market in the USA and in Canada. The company has also increased its employee count by 30% in the last 12 months.

Acquisitions

The acquisition of Veritone Energy has doubled the size of GridBeyond’s science and technology team, and is set to deliver several technology innovations, including new products and service development.

The acquisition is already enabling GridBeyond to offer more functionalities to its customers through a new design platform, an extremely accurate forecasting technology, led by its data science team, which will enhance and evolve its market leading product enabling customers to generate revenues and support them on their transition to net zero.

ViewPoint Ai

GridBeyond’s newly launched ‘ViewPoint Ai. Forecaster’ optimises battery charge and discharge rates based on real-time inputs, delivering the best solution to maximise revenues across markets. The tool currently achieves +95% of perfect foresight and, as the simulator is constantly running new scenarios, it is fast evolving to provide more accurate forecasts, which translates into up to 19% more revenue achieved for each asset.

This is complemented by ‘ViewPoint Ai. Designer’, which is a powerful tool designed to assist energy professionals and project developers in planning, designing, and analysing prospective investments in the energy sector.

GridBeyond Academy

GridBeyond believes that education leads to better, more informed business decisions. As energy systems are rapidly changing, GridBeyond’s Academy simplifies complex energy topics to ensure clarity and accessibility for all.

The GridBeyond Academy is intrinsically linked to the company’s core values: to empower industries and large energy users to take control of their energy consumption and provide instrumental services to the balancing of the electricity network. This year, the number of readers involved in its academy programme has increased by 30%.

Business & Finance Awards Elevation Award

The Elevation Award category was launched in 2018, in partnership with Enterprise Ireland. This award recognises Irish companies that are fast-growing and with significant potential to continue to scale globally. The Award complements the well-established Company of the Year Award.

Previous winners of the prestigious prize include Portwest in 2018, Wisetek in 2019, Aerogen in 2020, APC ltd. in 2021, and FINEOS in 2022.

Attend the Awards

The award ceremony holds an important date for Irish and international business and political leaders as we recognise those paving the way for business excellence on the island of Ireland and beyond. Given demand, table availability is limited – for further information Contact Zoe.Metro@businessandfinance.com  – for Partnership opportunities contact brian.kearns@businessandfinance.com.

For more information on the 49th annual Business & Finance Awards see www.businessandfinanceawards.com

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