GridBeyond a European provider of intelligent energy and smart grid services, is opening its first U.S. office in Houston, Texas as part of its global expansion plans over the coming months.

"The first step will focus on the liberalized energy markets across the US, starting with Electricity Reliability Council of Texas (ERCOT) and PJM Interconnection," the company said

The company offers an AI-powered platform called Point, and, among other services, offers C&I customers energy management services including peak reduction & avoidance, price optimization, trading, and other energy consumption and efficiency insights and services

Last week, the company announced the successful conclusion of its Series B financing round, with a number of high-profile partners, including EDP – Energias De Portugal, Act Venture Capital, Electricity Supply Board (ESB) and Total Carbon Neutral Ventures, investing in an $11.7m (€10.5m) transaction to support the scale-up of the business and international expansion.

Tags:
GridBeyond   ERCOT   Texas  

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