GridBeyond Secures €12 Million Funding
GridBeyond, an innovative company specializing in AI-driven energy optimization, has successfully raised €12 million in an equity funding round. The investment was led by Samsung Ventures, with participation from notable investors such as Alantra’s Energy Transition Fund, Klima, Energy Impact Partners, Mirova, ABB, Constellation Technology Ventures, and Act Venture Capital. The funding round was announced on March 17, 2026.
Company Overview
GridBeyond's AI-powered platform is designed to transform energy management into a strategic advantage, helping businesses to increase revenue, reduce costs, enhance sustainability, and achieve net zero targets. The platform enables real-time orchestration of distributed energy resources, including renewable generation and battery storage, while optimizing their participation in energy markets.
Leadership Team
The company is led by Chief Executive and Co-founder Michael Phelan, alongside Deputy CEO Richard O' Loughlin. Together, they are steering GridBeyond towards expanding its global footprint and enhancing its technological offerings.
Strategic Use of Funds
The newly acquired funds will facilitate GridBeyond's expansion into key markets such as the UK, Ireland, the United States, Japan, and Australia. This expansion aims to advance their platform’s capabilities in optimizing distributed energy assets. The collaboration with Samsung Ventures is expected to explore new opportunities in energy trading, asset optimization, and energy services, combining GridBeyond’s software expertise with Samsung’s strength in renewable assets and battery technology.
Samsung Ventures' Perspective
A spokesperson from Samsung Ventures commented on the investment, highlighting GridBeyond's "exceptional technical expertise and global traction in a rapidly evolving energy landscape." They noted the company's role in enabling smarter energy systems and enhancing grid resilience.
Conclusion
GridBeyond's recent funding round marks a significant step in its journey towards expanding its AI-powered energy solutions worldwide. With the backing of prominent investors and the strategic partnership with Samsung Ventures, the company is well-positioned to contribute to a more sustainable and resilient energy future.