- Updated: March 16, 2026
- 2 min read
Samsung Ventures Backs Dublin‑Based GridBeyond with €12 Million to Accelerate Virtual Power Plant Innovation
Samsung Ventures has committed €12 million to GridBeyond, a Dublin‑based startup that is reshaping how electricity grids handle peak demand. The investment underlines Samsung’s confidence in software‑driven, flexible energy solutions that combine solar, wind, battery storage and industrial demand‑response.
GridBeyond’s virtual power plant (VPP) platform aggregates distributed energy resources (DERs) – from rooftop solar panels to large‑scale batteries – and uses advanced analytics to balance supply and demand in real time. By doing so, the company helps utilities and large energy users avoid costly grid overloads, reduce carbon emissions, and unlock new revenue streams.
Key highlights of the partnership include:
- Deployment of battery storage at data‑centre sites, allowing for rapid response to grid peaks.
- Expansion of GridBeyond’s demand‑response programme across European industrial customers.
- Integration of GridBeyond’s software with Samsung’s broader IoT and energy‑management ecosystem.
The funding will accelerate GridBeyond’s rollout across Europe, support further development of its AI‑powered optimisation engine, and enable new pilot projects that showcase the economic and environmental benefits of VPPs.
“This investment aligns with Samsung’s vision of a more sustainable, resilient energy future,” said a Samsung Ventures spokesperson. “GridBeyond’s technology demonstrates how software can turn distributed assets into a coordinated, reliable resource for the grid.”
For a deeper dive into the original story, read the TechCrunch article.
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