Samsung Ventures has joined the shareholder base of GridBeyond as part of a €12 million equity investment, alongside a group of existing investors.
The round includes participation from shareholders such as Alantra, Klima, Energy Impact Partners, Mirova, ABB, Constellation Technology Ventures, and Act Venture Capital.
Longstanding investors including Yokogawa, EDP, and Enterprise Ireland also continue to support the company.
In a media release, GridBeyond said it will work closely with Samsung Ventures to explore opportunities in energy trading, asset optimisation, and energy services, with the aim of supporting both companies’ global growth ambitions.
According to the company, the funding will be used to accelerate expansion across key markets including the UK, Ireland, the United States, Japan, and Australia, while also supporting continued development of its optimisation platform for distributed energy assets.
GridBeyond’s platform enables real-time orchestration of distributed energy resources such as renewable generation, battery storage, and demand-side assets.
The company said its technology applies artificial intelligence and market expertise to deliver services including energy arbitrage, frequency response, and participation in capacity markets.
A spokesperson for Samsung Ventures said the investment reflects confidence in GridBeyond’s position within the energy sector. “GridBeyond has demonstrated exceptional technical expertise and global traction in a rapidly evolving energy landscape,” the spokesperson said.
“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.”
Richard O’Loughlin, deputy chief executive officer at GridBeyond, said the partnership signals recognition of the company’s platform.
“We are delighted to welcome Samsung as both a shareholder and collaboration partner. It is recognition that GridBeyond has developed a world-leading integrated optimisation platform,” he said. “Samsung’s deep expertise in renewable asset and battery development, EPC, energy technology, and trading experience complements our platform.”
GridBeyond chief executive officer Michael Phelan said the collaboration is expected to support product development for renewable and battery developers.
“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.
Chief commercial officer Mark Davis added that the partnership is expected to support GridBeyond’s expansion in Japan.
“This exciting partnership, with one of the world’s largest and most innovative technology companies, will support GridBeyond in our goal of delivering the world’s leading optimisation and trading platform to battery storage and renewable energy developers in Japan, enabling greater asset value, improved grid stability, and faster progress toward a decarbonised energy system”, he stated.
GridBeyond stated that the investment and collaboration are intended to strengthen its ability to scale its optimisation and trading capabilities globally.
