GridBeyond is a global leader in intelligent energy management and the operator of one of the world’s most advanced virtual power plants (VPP). The company leverages a proprietary AI-powered platform to connect, control, and optimize distributed energy resources (DERs) such as industrial loads, battery storage, and renewable generation. By bridging the gap between energy assets and electricity markets, GridBeyond enables large-scale industrial and commercial organizations to unlock new revenue streams, reduce energy costs, and enhance grid stability. For the pharmaceutical and biotechnology sectors, GridBeyond provides critical energy infrastructure solutions that support energy-intensive manufacturing processes. Their technology helps facilities manage peak demand, integrate on-site renewables, and ensure operational resilience through predictive maintenance and automated load balancing. This is particularly relevant for pharma companies aiming to meet net-zero carbon targets and optimize the high energy requirements of laboratory and production environments.
CLASSIFICATION
Company Type:Digital Health
Therapeutic Areas:-
Industry:Digital Health
Sub-Industry:AI-powered Energy Management & Virtual Power Plants
SIZE & FINANCIALS
Employees:51-200
Revenue:$25M-$50M
Founded:2007
Ownership:private
Status:operating
FUNDING
Stage:Series C
Total Raised:$94.5M
Investors:Alantra (Klima Energy Transition Fund), ABB, Energy Impact Partners, Mirova, Yokogawa Electric Corporation, Constellation, Act Venture Capital, Enterprise Ireland, AIB Seed Capital Fund
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CORPORATE STRUCTURE
Subsidiaries:Veritone Business Energy (Acquired 2023)
Key Partnerships:ABB (Strategic partnership for BESS-as-a-Service and energy optimization), Yokogawa Electric (Collaboration on industrial energy management for pharma and chemical sectors), National Health Service (NHS) (Energy management services for healthcare facilities), ep Group (Battery optimization partnership), Public Service Company of New Mexico (PNM) (Renewable energy R&D project)
COMPETITION
Position:Leader
Competitors:Voltus, AutoGrid, Virtual Peaker, Enel X, Centrica Business Solutions, Wattics
LEADERSHIP
Key Executives:
Michael Phelan - CEO & Co-Founder
Richard O’Loughlin - Deputy CEO
Aoife McMahon - CFO
Scientific Founders:Michael Phelan, Padraig Curran
Board Members:Michael Ryan (Chairman), Michael Phelan, Richard O’Loughlin, Bastien Gambini (Alantra/Klima), Debbie Rennick (Act Venture Capital), Miguel Fonseca (EDP), James Sprinz (Energy Impact Partners)
LINKS
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