GridBeyond to Commence Operations in Australia

GridBeyond, the pioneer in managing distributed and flexible energy resources, is expanding its service operations to Australia.

The company will provide AI-powered demand response, virtual power plant (VPP) services, and generation and storage asset optimization across Australia’s National Electricity Market.

With the use of artificial intelligence and data science, GridBeyond’s technology solution will allow its C&I customers to participate both in grid services for balancing the grid and in wholesale markets through their energy generation, storage, and industrial load.

Diogo Cabral, Senior Business Development Manager, GridBeyond, said, “Australia is a market with very strong fundamentals for the long-term success of demand flexibility services where electricity consumers value highly any services that protect them against market prices’ high volatility creating increased cost savings and additional revenues through optimisation tools and robotic trading and by optimising the combination of different types of assets they have (solar, storage, demand assets); and/or by simply running consumption profiles’ optimisations through AI and by participating in attractive grid services like the FCAS (frequency response) market.”

Michael Phelan, CEO, GridBeyond, said, “The entry of GridBeyond in the Australian Energy Market is further recognition of GridBeyond’s energy expertise. Operating in the VPP & DERMS market that is planned to grow at a CAGR of 20% by 2026, GridBeyond is strongly positioned to continue the significant growth we have seen and to continue to support businesses, asset owners and grid operators throughout the transition to a net zero future and beyond. The FCAS (frequency response) market in Australia is very similar to the ones we manage in Ireland, so we are bringing unparalleled expertise to Australian businesses to manage their flexible energy resources and co-optimise them with wholesale trading. Our microgrid controls that integrate EVs are also a good fit for Australia’s energy market need.”