• About
  • Advertise
  • Careers
  • Contact
  • Cookie Policy (EU)
Thursday, March 30, 2023
  • Login
No Result
View All Result
NEWSLETTER
Tipperary Times - Tipperary News as it Happens
  • Local News
  • Community
  • Business
  • Farming
  • Politics
  • Education
  • Life Style
  • Jobs
  • Sport
  • Local News
  • Community
  • Business
  • Farming
  • Politics
  • Education
  • Life Style
  • Jobs
  • Sport
No Result
View All Result
Tipperary Times - Tipperary News as it Happens
No Result
View All Result
Home Business

GridBeyond creates new jobs and plans for international expansion

by Ben Nallen
June 6, 2018
in Business
0
GridBeyond

GridBeyond

0
SHARES
Share on FacebookShare on Twitter

GridBeyond, formerly Endeco Technologies, will create close to forty new jobs over the next three years as a part of business growth and planned international expansion.

GirdBeyond, the creator of the world’s first hybrid battery & demand network, leading provider of demand side response services and energy optimisation technologies, is proud to announce its further dynamic growth forecast for the next three years. The company is predicting greater than 100% year to year revenue growth in 2018, having already seen a fivefold revenue increase over the period 2014-2017.

Michael Phelan, GridBeyond Chief Executive, commented: “We are perfectly set to achieve our goals of scaling up. We are committed to enhancing our world-class technology by investing in innovation, research and development, and hiring the best talents to grow our team.

“We pride ourselves on providing absolute piece of mind to our clients, by working with the best specialists with experience across all key industry sectors. We are trusted by hundreds of sites across the UK and Ireland and certain that our holistic approach to simplify complex energy markets for our clients, and transform their energy demands into opportunities, set us up for even faster growth in the coming years.”

GridBeyond is adequately funded for its existing markets, the UK and Ireland, and the company is currently considering its strategic options for further funding to support its international goals of expansion.

The company’s growth is supported by Enterprise Ireland Research & Development Fund, and Enterprise Ireland High Potential Start-ups programme with multiple equity investments from Enterprise Ireland and venture capital funds: Dublin Business Innovation Centre / AIB Seed Capital Fund, ACT Venture Capital, ESB NovusModus by ESB Innovation and private investors.

Michael Phelan, GridBeyond CEO, commented: “With the support from Enterprise Ireland and other multiple sources of investment, we are evaluating other markets and negotiating conditions for our international growth. Our ambition is to become the leading global Demand Side Response and energy management company. We will be able to provide more details and official commitments later this year.”

Kevin Sherry, Executive Director, Global Business Development, Enterprise Ireland said: “Driving innovation in companies with global ambition is a priority for Enterprise Ireland as it is key to their success in overseas markets. GridBeyond is an example of an Irish company which has successfully utilised available supports to innovate and grow. The creation of 40 new jobs over the next three years is central to the company’s next stage of development and we look forward to continuing to work with GridBeyond on their international expansion plans.”

By the end of June, GridBeyond is planning to launch a new and easy to navigate website to further help in simplifying the complex energy market by presenting information on the energy markets, balancing services, capacity, smart tariffs, energy trading, peak avoidance and energy optimisation into one unified platform.

The new website will also host the refreshed GridBeyond Academy resources – including Continuing Professional Development (CPD) accredited courses for all the stakeholders interested in demand side response and the energy market as a whole. The resources include regular thematical webinars, whitepapers, briefings, blogs, and statements which address the current state of the energy market and discuss the predictions for further developments.

GridBeyond’s award-winning clients facing portal is also undergoing significant upgrades. After months of testing and listening to clients’ feedback through agile development procedure, the new version of the portal will be released to all clients during summer 2018.

 

About GridBeyond, formerly Endeco Technologies

GridBeyond, founded in 2007, is a provider of demand side response services, energy optimisation technologies, and enhanced energy services.

The company transforms energy demand into opportunity and empowers large energy users to be instrumental in electric networks, decarbonisation plans and integration of renewable energy. Its mission is to become the leading global Demand Side Response and energy management company and creating Europe’s first and largest ‘virtual power plant’ by 2022.

GridBeyond created the world’s first hybrid battery & demand network solution to be tested and accepted by National Grid. The portfolio of commercial batteries and demand assets works in harmony to provide flexibility to the grid, whilst unlocking demand flexibility within inflexible sites. This enables access to the fastest responding and most financially rewarding balancing services, including Dynamic Firm Frequency Response scheme in the UK, that inflexible assets would otherwise not be able to benefit from on their own.

ENDS

For more information, please contact:

Joanna Spirodek

PR Manager

Joanna Spirodek

07804 730482

Tags: BusinessEnterprise IrelandGridBeyond
Next Post
21032018

Minister Pat Breen to speak about Ireland’s importance to the history of the International Labour Organization at its annual conference in Geneva

© 2021 An AMV Publication - Agency Partner Trigger Media.

No Result
View All Result
  • Home
  • Community
  • Local News
  • Business
  • Tipperary Sport
  • Farming
  • Obituaries
  • Education
  • Entertainment
  • Health
  • Life Style
  • Opinion
  • Politics
  • Contact

© 2021 An AMV Publication - Agency Partner Trigger Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Preferences
{title} {title} {title}