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Samsung Ventures has invested in GridBeyond as part of a €12 million (£10.3 million) equity raise alongside a group of existing energy and infrastructure investors.
The deal brings in new capital to expand GridBeyond’s operations across key markets including the UK Ireland the United States Japan and Australia.
GridBeyond specialises in optimising distributed energy assets such as renewables battery storage and flexible demand using real time data and AI driven forecasting.
Its platform enables assets to participate in energy trading and grid services including frequency response capacity markets and energy arbitrage.
Samsung said the investment reflects growing demand for technologies that can manage increasingly complex power systems.
A spokesperson for Samsung Ventures said: “Their ability to deliver real-time demand response optimise renewable and battery assets and enable intelligent energy trading across markets positions them as a key enabler of smarter energy systems and greater grid resilience.”
GridBeyond Chief executive Michael Phelan added the collaboration would help deliver “greater asset value improved grid stability and faster progress toward a decarbonised energy system.”
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