Samsung Bets This Island Startup Can Tame The Grid With Software And Batteries
GridBeyond raised €12M from Samsung Ventures to expand virtual power plant software solving the grid's biggest peak energy crisis.
Matilda
Samsung Bets This Island Startup Can Tame The Grid With Software And Batteries
The Energy Startup Solving the Grid's Biggest Crisis — And Samsung Is Betting Big on It The electrical grid is broken in a very specific way — and a small island-born startup may have cracked the fix. GridBeyond, an energy software company headquartered in Ireland, just secured a €12 million equity round led by Samsung Ventures. The funding will help the company scale its virtual power plant technology at a moment when the global grid is under more strain than ever before. If you've been wondering why AI companies keep complaining about power — this story explains a lot. Why the Grid Is Failing at the Worst Possible Time
The power grid hasn't fundamentally changed since it was built around giant, centralized generators. Yes, solar panels and wind turbines have multiplied across rooftops and hillsides over the past decade. Yes, battery storage is cheaper than ever. But none of that progress has solved what engineers call the peak problem. "The problem on the grid is a pea…
