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 enable 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 should enable C&I businesses, EV fleet operators, generators and energy storage operators to maximise revenues and savings.
GridBeyond CEO Michael Phelan says that the frequency response market in Australia is very similar to the ones the company manages in Ireland.
“Operating in the VPP and 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.”
He adds that GridBeyond’s microgrid controls that integrate EVs are also a good fit for Australia’s energy market needs.
GridBeyond launched in 2010 and has become a global player in the energy transition. Its move into Australia follows launches outside its native Ireland and the UK in the United States in 2020 and Japan in 2021.
The company delivers distributed and flexible energy resources management, energy trading, price and energy optimisation to over 400 sites worldwide.