Samsung bets this island startup can tame the grid with software and batteries
Grid Beyond, backed by Samsung, grows virtual power plants to manage electricity demand using batteries and software. The startup is expanding globally after a recent funding round.
Dublin: Samsung is helping a small electricity company grow bigger. The company is called Grid Beyond. It works with batteries and software to help power grids work better. Ireland pumps out most of the money. Irish startup manages wind,, solar, and get water power. It also works with big companies to save electricity when needed.
Batteries and software can work like giant switches. They can turn power on and off very fast. Grid Beyond is good at this. It helps balance supply and demand better than old power plants. When demand spikes, batteries can help smooth out short-term fluctuations. No one likes uneven spots in electricity supply.
The money from Samsung will help Grid Beyond grow faster. They want to add more batteries and software systems worldwide. They want to build new power lines. They want to add wind farms. This will help data centers and other big users get reliable power without problems. Samsung believes this small Irish company can help solve big grid problems with clever batteries.