International law firm Bird & Bird has advised ABB on its participation in a €12 million equity investment round into GridBeyond, a global leader in intelligent energy technology and optimisation of distributed energy assets.
The round was led by new investor Samsung Ventures, which joins GridBeyond’s shareholder base alongside existing shareholders Alantra’s Energy Transition Fund, Klima, Energy Impact Partners, Mirova, ABB, Constellation Technology Ventures, and Act Venture Capital. Longstanding shareholders Yokogawa, EDP, and Enterprise Ireland also continue to support the company’s growth.
GridBeyond’s technology enables real-time orchestration of distributed assets, including utility-scale renewable generation, battery storage, and energy demand, across multiple market and grid services. It leverages deep market expertise and understanding of localised fundamentals to drive advanced AI forecasting, optimisation and automated dispatch to deliver services such as energy arbitrage, frequency response, capacity market participation, and distribution network support, while respecting asset-level constraints and degradation models.
The funding will accelerate GridBeyond’s expansion across its key strategic markets, including the UK, Ireland, the United States, Japan, and Australia, whilst enabling continued investment in the evolution of its optimisation platform for distributed energy assets. GridBeyond will work closely with Samsung to explore opportunities across trading, asset optimisation, and energy services as both companies pursue their global growth ambitions.
The Bird & Bird corporate team was led by Adam Meisels (Partner, London), Brendan O’Brien (Partner, Dublin) and Albert Mennen (Senior Associate, London).
Adam Meisels, Partner at Bird & Bird, commented: “GridBeyond has established itself as a world leader at the convergence of AI, energy optimisation, and grid services, and this successful funding round is a testament to the impressive platform they have built. We are proud to have advised ABB on its continued support for GridBeyond’s growth, and we look forward to seeing the company extend its reach across global markets.”
