This collaboration continues ABB’s strategic investment in GridBeyond in 2024, and the two parties will combine ABB’s deep industry expertise with GridBeyond’s intelligent energy management solutions to provide powerful fully managed energy storage services to global commercial and industrial (C&I) customers.
GridBeyond's AI-driven platform will play a key role in optimizing the performance of ABB's BESS-as-a-Service assets, supporting real-time energy optimization, demand-side response participation, and helping customers develop new revenue sources in global energy markets. The service is designed to help companies reduce energy costs, reduce carbon emissions and improve energy resilience without the need for upfront capital investment.
In addition, the GridBeyond platform will provide accurate energy price forecasts to optimize energy storage operational decisions and achieve strategic charging and discharging that matches market dynamics, thereby extending battery life.
To deliver this new solution, GridBeyond and ABB will also work with Tallarna. Tallarna is a climate technology and finance platform focused on sustainable impact. Its data analysis software, insurance solutions and financing expertise will reduce risks for BESS projects and clearly present the financial benefits of the projects.
Founded in 2017 and headquartered in London, UK, Tallarna is a climate technology company for the built environment. Its unique ecosystem approach simplifies the net zero emissions challenge by making projects financially viable. It mainly provides services for the built environment. By combining data analysis, performance assurance and efficient funding, it uses artificial intelligence-driven data analysis to create innovative approaches for decarbonization projects of large real estate portfolios and energy infrastructure, enabling decarbonization projects to be executed quickly and at scale, helping customers identify successful decarbonization investments and reduce financial risks, and determining the best solutions for energy efficiency projects and reducing energy costs.
Tim Meanock, CEO and co-founder of Tallarna, said: "Together with GridBeyond and ABB, we have removed the barriers to energy storage adoption. BESS-as-a-Service provides customers with reliable, sustainable and profitable energy solutions, with the core focus on reducing risk and maximizing financial returns. This makes it easier for companies to grow in a rapidly evolving energy landscape." GridBeyond is a smart energy company founded in 2010 and headquartered in Dublin, Ireland. The company is committed to achieving a global zero-carbon future through technologies such as artificial intelligence, providing smart energy and smart grid platforms for distributed energy resource management. Its core product, GridBeyond Point, is an award-winning AI-driven platform that predicts and automates energy control based on multiple sources, helping companies unlock the potential of energy assets, providing robotic energy trading and real-time optimization services. In terms of performance, GridBeyond is growing well, with more than 2,600MW of assets under management, including more than 500MW of battery storage, more than 900 customer sites in Ireland, the UK, the US and Australia, and a proven track record of managing more than 1.7GW of load. In 2023, the company team expanded to all deregulated markets in the US, with annual revenue growing by an average of 70% per year over the past three years.
GridBeyond's vision is to achieve a global zero-carbon future. By leveraging artificial intelligence, we collaborate with customers to innovate and create optimal value from energy production, demand and storage to drive a zero-carbon future. By bridging the gap between distributed energy resources and electricity markets, GridBeyond's technology enables every connected asset - whether it is utility-scale renewable generation, battery storage or industrial loads - to be used to maximize opportunities and enhance grid stability. By intelligently dispatching flexibility to the right market at the right time, asset owners and energy consumers can unlock new revenue and savings, improve resilience and manage price volatility, while supporting the transition to a net-zero future.
Michael Phelan, CEO of GridBeyond, commented: "This is an important milestone in our partnership with ABB. As a strategic investor and long-term partner, ABB shares our vision of accelerating the global transition to a flexible and sustainable energy system. Battery energy storage systems can help enhance grid stability, integrate renewable energy and improve cost-effectiveness for industrial and commercial customers. But to fully realize these benefits, it is key to analyze project feasibility, financial impact, and maximize the potential of batteries with accurate AI platforms. The collaboration with ABB and Tallarna brings together expertise and resources to provide successful solutions for industrial and commercial customers to ensure a smooth transition to a net zero future."
ABB is a globally influential multinational electrical and automation company. It was formed in 1988 by the merger of ASEA of Sweden and BBC of Switzerland and is headquartered in Zurich, Switzerland. Its business is extensive, covering multiple fields such as electrification, automation, motion control, robotics and discrete automation, and process automation. Its product range is rich, including various controllers, robots, electrical equipment and related software, which are widely used in many industries such as energy, chemicals, power, manufacturing, and transportation. Currently, ABB has branches in more than 100 countries, employs about 110,000 people, operates around the world, and its shares are listed on the Swiss Stock Exchange (ABBN) and Nasdaq Stockholm (ABB).
Lee Todd, Head of Energy & Carbon Services at ABB’s Electrification Services business, said: “Our collaboration with GridBeyond demonstrates ABB’s commitment to advancing innovation in technologies that will enable the seamless integration of renewable energy into the energy mix. Together, we are accelerating the net zero transition and enabling industries to adopt smarter and more flexible energy solutions.”
