GridBeyond launches operations in Australia

transmission network with rendered connection points (gridbeyond)
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GridBeyond, a leading technology player for managing distributed and flexible energy resources, is expanding its geographic reach to provide services to Australia.

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

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Using artificial intelligence and data science, the company’s technology solution will allow its customers to participate both in grid services for balancing the grid and in wholesale markets through their energy generation, storage and industrial load.

GridBeyond senior business development manager Diogo Cabral 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.

“At the moment with the increasing number of extreme weather events per year, there is a strong political shift away from fossil fuels and towards renewable energy, which strengthens the business case for demand flexibility in Australia. With the help of GridBeyond, C&I businesses can become a strong support in providing valuable grid services through demand response, to allow the continuous and sustainable growth of renewable energy and support the country towards its net-zero targets.”

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Following successful operations in the UK, Ireland, USA, and Japan, from April 2022, the company’s technology platform will be available for businesses in Australia’s National Electricity Market.

GridBeyond, already delivers distributed and flexible energy resources management, energy trading, price and energy optimisation, enhanced savings, strengthened operations and sustainability to over 400 sites worldwide.

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