GridBeyond has been ranked in the Guidehouse Insights, a leading independent research firm, as one of the top Virtual Plants Platform (VPP) providers in its latest Leaderboard Report.
The Virtual Plant Platform (VPP) report, published this month, shows the type of offers and service providers available in the energy sectors. It examined 16 VPP platform providers that were rated using criteria such as: vision, go-to-market strategy; partners/acquisitions/investors; DERMS integration strategy; technology scope; geographic reach; sales, marketing, and distribution; platform performance; value chain capture; project portfolio; business model; and staying power.
The energy landscape has become more complex and diverse especially as it moves away from fossil fuels and moves towards renewables. VPP combines different energy sources including distributed generation, energy storage and demand response to trade energy in line with real time market signals. Thanks to VPP innovations, consumers are not anymore passive users of energy but become active parts of the energy value chain.
GridBeyond’s technology balances and orchestrates energy generation, storage and industrial load in a coordinated system. GridBeyond’s intelligent energy optimiser, lies at the core of its services. By connecting load, generation, and storage assets with the opportunities of the energy markets our technology bridges the gap between distributed energy resources and the requirements of the power grid.
Michael Phelan, CEO at GridBeyond commented:
“We are very pleased to have been placed in the top five in the latest Guidehouse Insights Leaderboard Report. It is in part a recognition of our technological expertise, but also a recognition of our business vision and company strategy.
The energy landscape is evolving and transitioning to a more flexible and greener system and Virtual Power Plants facilitated by smart energy controls and automated trading are a key part of enabling this future”.
(Image source: Guidehouse Insights)
The transition to a Net Zero economy is driving significant change in the energy sector. From the rise of renewables generation to the ever-increasing need for grid balancing services. The result is a significant requirement for scalable and real-time solutions to manage the energy system of tomorrow.
At GridBeyond our vision is to build a shared energy economy that delivers sustainability, resilience, affordability and adaptability through collaboration and innovation. By bridging the gap between distributed energy resources and electricity markets, our technology means every connected asset, whether its utility-scale renewables generation, battery storage or industrial load, can be utilised to help balance the grid. The benefit?
By intelligently dispatching flexibility into the right market, at the right time, asset owners and energy consumers unlock new revenues & savings, resilience, manage price volatility, while supporting the transition to a Net Zero future.
Using artificial intelligence and data science, GridBeyond’s technology balances and orchestrates energy generation, storage and industrial load in a coordinated system. GridBeyond’s intelligent energy optimiser, lies at the core of our services. By connecting load, generation, and storage assets with the opportunities of the energy markets our technology bridges the gap between distributed energy resources and the requirements of the power grid.
Combining solvers, market access, and automatic trading in one place, including balancing services, capacity markets and the participation in the wholesale traded markets, our technology empowers C&I businesses, EV fleet operators, generators, and energy storage operators to maximise revenues and savings.
GridBeyond began commercially trading in 2010 and is home to the world’s first hybrid battery and demand network. Now a global player in the energy transition, GridBeyond provides a powerful combination of technological excellence, consultative approach and unrivalled expertise that enables its partners and clients have future-proof access to energy services, while supporting the wider electricity grid integrate more volatile renewables and make the leap to a greener future. All without impacting operations.
GridBeyond delivers energy services, new revenues, enhanced savings, strengthened operations and sustainability to over 400 I&C sites worldwide, including some of the planet’s best-loved brands.