GridBeyond, the world’s leading technology player for managing distributed and
flexible energy resources is expanding its geographic reach to provide services to
Australia.
After launching in the USA in 2020 and Japan in 2021, GridBeyond is continuing
its global expansion plans in 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.
Using artificial intelligence and data science, the
company’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.
Combining solvers, market
access, and automatic trading in one place this empowers C&I businesses, EV
fleet operators, generators, and energy storage operators to maximise revenues
and savings.
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.”
GridBeyond launched in 2010 and is now a global player in the energy transition,
provides a powerful combination of technological excellence, consultative
approach and unrivalled expertise that enables partners and clients to have
future-proof access to energy services, while supporting the wider electricity grid
to integrate more volatile renewables, reduce emissions and make the leap to a
greener future.
Following successful operations in the UK, Ireland, USA, and Japan, from April
2022, the company’s globally recognised and award-winning 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, including
some of the planet’s best-loved brands.
GridBeyond CEO Michael Phelan 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”.